| | SLO | ENG | Cookies and privacy

Bigger font | Smaller font

Search the digital library catalog Help

Query: search in
search in
search in
search in
* old and bologna study programme

Options:
  Reset


1 - 10 / 54
First pagePrevious page123456Next pageLast page
1.
Davčni vidiki trgovanja s kriptovalutami
Ines Zorec, 2018, undergraduate thesis

Abstract: Uporaba kriptovalut sčasoma postaja vedno bolj aktualna in vedno več ljudi se s tem ukvarja, saj je to nekakšne vrste denar prihodnosti. Področje ni enostavno in če želimo uspešno poslovati, se moramo v to področje poglobiti in ga osvojiti. Glede regulative, je v Sloveniji še veliko odprtih vprašanj, vendar se to področje aktivno razvija. V diplomski nalogi sem na začetku predstavila splošne značilnosti kriptovalut, njihov razvoj, način pridobivanja, prednosti in slabosti. Naredila sem primerjavo med menjalnicami oz. borzami kriptovalut in preverila, ali so pristojbine za nakup in prodajo kriptovalut na vseh menjalnicah enake ali jih lahko vsaka menjalnica samostojno določi. Nadalje sem se posvetila predvsem davčni obravnavi kriptovalut. Podrobneje sem predelala davčni vidik v Sloveniji in nato preučila, kako so se z davčnimi problemi srečevale še druge države. Poglobila sem se v davčno obravnavo Nemčije, Avstralije in ZDA ter nato primerjala, če se davki med državami bistveno razlikujejo ali so po večini obravnavane enako. Preučila in predstavila sem tudi računovodsko obravnavo kriptovalut. Ker kriptovalute še niso natančno opredeljene pod kakšno sredstvo jih je potrebno uvrstiti, je tudi na tem področju še kar nekaj zmede. Najpomembneje je, da so izračuni in izkazi skladni s Slovenskimi računovodskimi standardi (SRS) in Mednarodnimi standardi računovodskega poročanja (MSRP).
Keywords: Kriptovalute, blockchain, menjalnice oziroma borze, pristojbine, obdavčenje kriptovalut, knjiženje kriptovalut, ...
Published: 04.03.2019; Views: 880; Downloads: 122
.pdf Full text (879,58 KB)

2.
Nove zahteve glede pogojev za umik dolžniških vrednostnih papirjev iz trgovanja na organiziranem trgu
Filip Peče, 2017, undergraduate thesis

Abstract: Sklep o umiku dolžniških vrednostnih papirjev iz trgovanja na organiziranem trgu v slovenskem pravnem sistemu predstavlja relativno novost. Do sprejetja novele F Zakona o trgu finančnih instrumentov (v nadaljevanju “ZTFI”), sta bila glavna splošna pravna akta, ki urejata to področje, ZTFI in Pravila Borze (v nadaljevanju “PB”), umik na podlagi sklepa imetnikov vrednostnih papirjev urejala le v primeru delnic. Seveda to ne pomeni, da se dolžniških vrednostnih papirjev pred sprejetjem novele F ZTFI iz trgovanja na organiziranem trgu sploh ni dalo umakniti. Umakniti jih je bilo možno, kadar so zapadle vse obveznosti vsebovane v dolžniških vrednostnih papirjih, ter ob nastopu pogojev, ki jih zakon določa za umik vseh finančnih instrumentov. Dopolnitvi ZTFI so sledila tudi PB, ki pa za razliko od zakona, z večinoma enakimi določbami, urejajo umik obveznic iz organiziranega trga, in ne dolžniških vrednostnih papirjev, kar je širši pojem. Obveznice so najbolj razširjen in najbolj uporabljen dolžniški vrednostni papir v svetu, vendar niso edini dolžniški vrednostni papir s katerim se trguje na Ljubljanski borzi, saj enako velja tudi za kratkoročni dolžniški vrednostni papir, zakladno menico, ki jo PB pojmujejo kot instrument denarnega trga. Zanjo predpisujejo drugačna pravila za umik iz trgovanja na organiziranem trgu, v ločenem členu. Zakonska ureditev sklepa o umiku dolžniških vrednostnih papirjev iz organiziranega trga je odraz potrebe kapitalskega trga po ureditvi podobni tisti, ki velja za umik delnic. Vsekakor sta ureditvi zelo podobni, saj se za umik dolžniških vrednostnih papirjev iz trgovanja na organiziranem trgu uporabljajo 1.-10. odst. 101. čl. ZTFI, pri čemer se smiselno uporabljajo nekateri drugačni izrazi, določeni v 1.-7. toč. 11. odst. 101. čl. ZTFI. Druge spremembe se nanašajo prdvsem na javno objavo notarskega zapisnika iz zasedanja imetnikov dolžniških vrednostnih papirjev določene izdaje, ki vsebuje sklep o umiku, namesto vpis sklepa o umiku v sodni register, drugačne pogoje in roke za začetek učinkovanja sklepa, drugačno časovno točko za obvestilo borze, ter po dispozitivnem odnosu do denarne odpravnine.
Keywords: ZTFI, Pravila borze, dolžniški vrednostni papirji, obveznice, hibridni vrednostni papirji, organiziran trg vrednostnih papirjev
Published: 27.10.2017; Views: 554; Downloads: 95
.pdf Full text (294,07 KB)

3.
Borzni mehurčki in racionalnost špekuliranja
Janez Ferbar, 2009, polemic, discussion, commentary

Abstract: V članku analiziramo borzne mehurčke in se sprašujemo o njihovem obstoju. S temeljnega vidika je namreč v času nastajanja mehurček nemogoče prepoznati, pač pa moramo počakati dovolj dolgo, da vidimo, če so bili tečaji morda upravičeni s prihodnjimi denarnimi tokovi. Navedemo tudi druge tržne omejitve, zaradi katerih borzni mehurčki na trgu z racionalnimi pričakovanji ne bi smeli obstajati. Ker pa empirični testi mehurčke potrjujejo, analiziramo vedenje racionalnih trgovcev - špekulantov, ki so zaradi možnosti kasnejše preprodaje ali/in kapitalskega dobička pripravljeni za finančni instrument plačati več, kot bi bili pripravljeni plačati, če bi ga morali zadržati za vedno.
Keywords: borze, borzništvo
Published: 10.07.2015; Views: 704; Downloads: 40
URL Link to full text

4.
Tail dependence between Central and Eastern European and major European stock markets
Silvo Dajčman, 2013, original scientific article

Abstract: This article analyses dynamic tail dependence between the returns of the three largest Central and Eastern European (CEE) stock markets (Hungary, Czech Republic and Poland) and two major Eurozone stock markets (Germany and France). Tail dependence is modelled by a constant and dynamic 'symmetrized Joe-Clayton' (SJC) copula assuming GARCH stock market return processes. The results of the dynamic SJC copula model show that the dependence between pair-wise observed stock markets is time-varying and asymmetric with lower tail dependence mostly exceeding upper tail dependence. The results of the article imply that advantages of international portfolio diversification are reduced in downturns.
Keywords: borze, borzništvo, finančna kriza, EU
Published: 10.07.2015; Views: 457; Downloads: 22
URL Link to full text

5.
Co-exceedances in Eurozone sovereign bond markets
Silvo Dajčman, 2013, original scientific article

Abstract: The paper examines contagion between the sovereign bond markets of six Eurozone countries (France, Germany, Ireland, Italy, Spain, and Portugal) in the period from January 2000 to August 2011. A multinomial logistic model is applied to analyze contagion based on measuring joint occurrences of large yield changes (i.e., co-exceedances), while controlling for developments in common and regional factors th at affect all sovereign bond markets simultaneously. I found that the Eurozoneʼs stock markets (EUROSTOXX50) returns, United Statesʼ Treasury note yields, and the Euro - U.S. dollar (EUR - USD) exchange rate significantly impact the probability of extreme posi tive yield moves in the Eurozoneʼs sovereign bond markets. Positive EUROSTOXX50 returns and upside moves in U.S. Treasury note yields increased the probability of extreme positive sovereign bond yield moves in the Eurozone, whereas an increase in the EUR-USD exchange rate significantly reduced the probability. Conditional volatility in the Eurozone stock markets and the money market interest rate do not significantly impact the probability of extreme yield increases in the Eurozoneʼs sovereign bond markets. Furthermore, the probability of observing exceedance across Eurozone sovereign bond markets increased dramatically during the Eurozone debt crisis compared to the pre-crisis period. This studyʼs results also indicate less synchronous extreme yield dynamics across the Eurozone sovereign bond markets during the global financial crisis, especially during the Eurozone debt crisis compared to the pre-crisis period.
Keywords: borze, borzništvo, krize, finančna kriza, ekonometrični modeli, analiza, EU
Published: 10.07.2015; Views: 697; Downloads: 38
URL Link to full text

6.
Co-exceedances in Eurozone sovereign stock markets - a multinomial logit analysis of contagion
Silvo Dajčman, 2013, original scientific article

Abstract: This paper examines contagion between stock markets of six Eurozone countries (France, Germany, Greece, Ireland, Italy, and Spain ) during period from December 3, 2003 to January 27, 2012. A multinomial logistic model is applied to analyze contagion based on a measure of joint occurrences of extreme negative stock market returns (i.e. co-exceedances) while controlling for common and regional factors that affect all stock markets simultaneously. The results indicate that the DJI returns, the EUROSTOXX50 conditional volatility, and the EUR - USD exchange rate significantly impacted the probability of extreme negative returns in Eurozone stock markets. The probability of co-exceedance (or contagion) between the investigated Eurozone stock markets during the global financial crisis and the Eurozone debt crisis did not increase significantly.
Keywords: borze, borzništvo, krize, finančna kriza, ekonometrični modeli, analiza, EU
Published: 10.07.2015; Views: 604; Downloads: 38
URL Link to full text

7.
A formal test of asymmetric correlation in stock market returns and the relevance of time interval of returns - a case of Eurozone stock markets
Silvo Dajčman, 2013, original scientific article

Abstract: The paper examines the asymmetry of correlation between the Eurozoneʼs stock market returns. The asymmetry of correlation is investigated pair-wise, by estimating the exceedance correlation between returns of two stock markets at a time. As markets can be very volatile, especially in crisis periods, and because there are investors with different investment horizons, we investigate whether the results are sensitive to time interval of stock market returns. We found that the results of the exceedance correlation estimates and the asymmetric correlation test do depend on the time interval of returns. When longer time interval returns (20-day moving average returns) are used , the Eurozone stock markets ʼreturnsʼ dynamics are more (pair-wise) correlated in the falling markets than in the up markets, while for daily returns , the correlations in the up markets are higher for most of the investigated Euro zoneʼs stock indices pairs. An important implication of the results of the paper is that investors in stock markets should investigate the exceedance correlations and asymmetry of correlation for those return intervals (daily, weekly, monthly, etc.) that correspond to their investment horizon.
Keywords: borze, borzništvo, ekonometrični modeli, korelacije, analiza, EU
Published: 10.07.2015; Views: 649; Downloads: 212
URL Link to full text

8.
The dynamics of return comovement and spillovers between the Czech and European stock markets in the period 1997-2010
Silvo Dajčman, 2012, original scientific article

Abstract: The paper examines the comovement and spillover dynamics between the returns of the Czech and some major European stock markets (namely, the Austrian, French, German, and UK markets, as well as the Central and Eastern European stock markets of Poland, Hungary, and Slovenia). By applying the Dynamic Conditional Correlation GARCH model and Granger causality tests on wavelet transformed returns series for the period April 1997-May 2010 the following specific questions are answered. Is the co-movement (correlation) between the Czech and European stock markets time-varyinǵ What effect did the financial crises in the period 1997-2010 and the accession of the Czech Republic to the European Union have on the comovement between the Czech and European stock markets investigated? We also investigate whether there were return spillovers between the markets and whether they depended on the horizon over which they are calculated (i.e., are they a multiscale phenomenon). We found that comovement between the Czech and other stock market returns is time-varying. Furthermore, we found significant return spillovers between the Czech and European stock markets in the observed period. The wavelet Granger causality tests show that return spillovers were a multiscale phenomenon.
Keywords: borze, borzništvo, ekonometrični modeli, analiza, metode, Češka, EU
Published: 10.07.2015; Views: 557; Downloads: 34
URL Link to full text

9.
VIRTUALNE VALUTE
Nejc Urbas, 2015, undergraduate thesis

Abstract: Globalni razvoj informacijskih tehnologij, predvsem interneta, je pripeljal do novih plačilnih navad, novih plačilnih inštrumentov in ne nazadnje do novih oblik valutnega trga. Vse več uporabnikov uporablja splet za nakupe in izmenjavo dobrin in storitev. Prihaja do logičnega razvoja in uporabe cenejših in hitrejših valut od tradicionalnih. Svet je pričel postajati en sam brezmejni trg brez omejitev, skratka kot ena sama država in ena ekonomija. Danes lahko opravimo nakupe v katerikoli državi sveta. Logična posledica je tudi iskanje in pridobitev ene same virtualne valute, ki bi združila en trg brez dodatnih provizij in omogočila hitro izmenjavo virtualnega denarja med uporabniki, in to ob čim večji meri anonimnosti in varnosti. Razvijalcem virtualnih valut je to uspelo in delež teh valut se iz dneva v dan povečuje. Prihaja do vedno večje konkurenčnosti tradicionalnim valutam. Virtualne valute so pod drobnogledom centralnih bank in njihovih organov, ki iščejo rešitve, kako se spoprijeti z njihovo naraščajočo uporabo. Virtualne valute postajajo med uporabniki vse bolj priljubljene in njihova uporaba postaja vse širša – uporabljajo jih lahko že v realnem gospodarstvu za vsakodnevne nakupe dobrin in storitev.
Keywords: virtualne valute, bitcoin, linden dolarji, virtualne borze, virtualna ekonomija, virtualni denar
Published: 30.06.2015; Views: 2237; Downloads: 359
.pdf Full text (966,25 KB)

10.
Search done in 0.19 sec.
Back to top
Logos of partners University of Maribor University of Ljubljana University of Primorska University of Nova Gorica