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Internal Guidelines in Quaprotek Manufakturing, k.s
Doležalová, Jana ; Danielová, Magda (referee) ; Hanušová, Helena (advisor)
The master´s thesis focuses on the internal guidelines of the company Quaprotek Manufacturing, k. s. The theoretical bases of internal guidelines will be discussed in the first part and the basic concepts. In the second analytical part of the thesis the selected company will be introduce and analyze and the existing internal guidelines will be analyzed and evaluated. In the last part I will propose necessary internal guidelines, draft the formal aspects of the internal directive of the company and adjust the existing directives and create some missing directives.
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Company Risk Management of Foreign Exchange Rate
Miturová, Klára ; Machala, Martin (referee) ; Režňáková, Mária (advisor)
In the first part thesis describes theoretical basis about international business and exchange rate risk. The practical part focuses on analysis of the company through analysis of competition, financial analysis and SWOT analysis. Integrated overview is supplemented by exchange rate risk analysis. In the last part of thesis there are specific options of elimination exchange rate risk.
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The Currency Exchange Effect on the Financial Situation of the Company
Česalová, Iveta ; Burget, Jaroslav (referee) ; Rompotl, Jaroslav (advisor)
This work deals with the currency exchange effects on the financial situation of the company, whose incomes are made up of exports in particular. The theoretical part is aimed at the definition of basic concepts such as currency, exchange rate, currency risk, appreciation and terminology of the financial analysis. The second part deals with the theory of financial derivatives market. The practical part is concentrated on the financial analysis of selected company and its change because of the fluctuation rate of the Czech crown. In the last section provides suggestions for improvement of protection against foreign exchange risk.
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Vplyv nekonvenčnej menovej politiky na devízové kurzy
Gáťová, Jana
Gáťová, J. The impact of unconventional monetary policy on exchange rate. Diplo-ma thesis. Brno: Mendel University, 2023 The diploma thesis deals with the impact of unconventional monetary policy on the exchange rate. The literary review deals with the instruments of unconven-tional monetary policy and their specific use by the central banks ECB and FED. The aim of the thesis was to identify the impact of unconventional monetary poli-cy, primarily quantitative easing, on the USD/EUR exchange rate. In the empirical part of the diploma thesis, an analysis was carried out that examined this relation-ship using graphs and a VAR model, from which Granger causality and Impulse-response analysis were subsequently derived. Based on the analysis, the relation-ship between the quantitative easing of the central banks of the ECB, the FED and the movement of the USD/EUR exchange rate was proven.
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Effect of real exchange rate to productivity and trade of Kenyan tea industry
Mwangi, Speranza Njeri
The aim of this thesis was to understand the relationship between real exchange rates and tea productivity in Kenya. The study was anchored by the Keynesian model of open economies, the Gravity model, the Porters Competitive Model, the Solow Growth Model and the Heckscher-Ohlin model. The study focused on the period 1993 -2022. The study used time series data. The overall objective of the thesis was done through the evaluation of two specific objectives. The first specific objective was to determine the effect of the real exchange rate on the productivity of tea in Kenya. The independent variables included real effective exchange rate, precipitation, and degree of openness. It was found that the real effective exchange rate and the precipitation had a positive and statistically significant effect on productivity. The degree of openness was found to have a negative and statistically insignificant effect on productivity. The second objective of the study was to determine the effect of the exchange rate on the of Kenyan tea. The study established that the real effective exchange rate had a positive but statistically insignificant effect on the trade in Kenyan tea. The study established that the trade of competitor’s tea had a positive and statistically significant effect on trade in Kenyan tea. The study also established that relative prices had a negative and statistically significant effect on the trade in Kenyan tea. Based on the findings, it was recommended that the government of Kenya work to maintain the shilling at levels that stimulate productivity and enact measures to increase the quality and branding of Kenya tea to increase the international competitiveness of Kenyan tea.
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Central bank communication and exchange rates: High-frequency evidence
Suntychová, Petra ; Horváth, Roman (advisor) ; Komárek, Luboš (referee)
The GARCH analysis has been used to estimate the effect of central banks' announcements, posted on their official websites, on demands for the curren- cies they are taking care of, with a focus on the type of announcements re- leased. The announcement specifics observed were past-looking statements, and forward-looking statements, whether they were announcing a monetary policy, financial stability, or commenting on a political situation. The results have shown that announcements made by central banks, both European Central Bank and Czech National Bank, mostly have not significantly affected demands for their respective currencies with certain exceptions. Also, the results suggest that demand for the Euro currency is being affected by these announcements with a longer lag, and announcements made by the European Central Bank are having less impact than those of its Czech counterpart. Overall, it has been concluded that announcements posted on official websites are affecting currency demands less than other influencing factors. JEL Classification F12, F21, F23, H25, H71, H87 Keywords central bank, exchange rate, foreign exchange, GARCH Title Central bank communication and currency de- mand: GARCH Analysis
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Exchange rate risk in the execution of payment transactions in the Chinese yuan and the possibility of its hedging
VOTAVA, Tomáš
This diploma thesis analyses an exchange rate risk of Czech companies related with business transactions in Chinese yuan in specific type examples and determines possibilities of an exchange rate risk hedging. In its theoretical part the diploma thesis generally describes issues of the international trade, China, the Chinese yuan, the exchange rate risk and the hedging. In its practical part the work models and analyses three business transactions in the Chinese yuan for the purpose of analysis of the exchange rate risk using fictitious companies and a simulation of their management behaviour including making wrong steps. Next, the work analyses a hedging offer from banks and non-banking companies in the Czech Republic. Based on the findings, the diploma thesis proposes if and how the fictitious companies should use the exchange rate risk hedging in order to minimalize an exchange rate loss and suggests the path leading to the exchange risk management optimization of companies for example using sophisticated risk management methods or entering the financial markets. Last but not least, modelled transactions are tested by E-start application in order to propose an optimization in case of using of the application by fictitious companies.
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Trading on the forex exchange market
DOLEŽÁLKOVÁ, Markéta
A market, that is open 24 hours a day, 5 days a week. The most liquid financial market in the world. Each day, deals worth 6 trillion USD are being closed there. Under all this, we can imagine market which is Forex. As of today, more and more people have access to it. To enter this market, it is necessary that the future trader has the courage to take risks. Forex trading is a risky business, so it is important that traders are sufficiently prepared and patient. To achieve profit, it is important to have discipline, initial capital and enough experience. The bachelor thesis focuses on specifying appropriate opportunity to enter business position and on the calculation of profit and loss. The purpose of this Bachelor thesis is to clear up the problematics of foreign exchange on monetary markets and the application of technical analysis instruments on Forex market. This topic is very interesting and it is convenient to get more information about it, since it can undoubtedly be used in the future. Everything mentioned in this work can be used on any market, be it stock market, commodities market and so on. All markets operate similarly and the principle of trading is almost identical.
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Factors influencing the development of exchange rates with a focus on the economy of Czech republic
PÁLINKÁS, Peter
The bachalor thesis deals wirth the basic terms about an exchange rate, for example like the systems of exchange rates or the definition of terms of trade. There is described also the historical development of foreign trade until now, when it is the key item of global economy. The second part is practical, where is fundamental analysis of the czech crown in time intervallum from 2010 until 2019. There is two chosen currency pairs, the EUR/CZK and the USD/CZK. The second part of the practical part of bachalor thesis is looking for impacts on foreign trade with the help of chosen theories of determination of an exchange rate. For the analysis were chosen these theoris - absolute version of the purchasing power parity, relative version of the purchasing power parity, the index ERDI and the theory of current account payments.
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