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Relationship between credit and business cycle
Jůza, Jaromír ; Czesaný, Slavoj (advisor) ; Titze, Miroslav (referee)
Excessive lending activity of banks is considered to be one of the causes of the recent financial and economic crisis. The theme of this thesis is to evaluate the relation of credit and the business cycle in the euro area countries and explore the differences which have been among these countries recorded. The primary objective of this work is the analysis of the credit cycle in these countries and its develoment from 2000 to the present. The paper will address further the question of whether financial markets can create for themselves economic imbalances through endogenous credit "booms". First part will deal with the theory off business cycles, then with alternative approaches, namely the Financial Instability Hypothesis of Hyman Minsky and followed by the latest theoretical knowledge on the issue of credit cycles. The next part will focus on identifying and analysing factors playing the significant role in the development of the economy in the pre-crisis period. The following section will be devoted to the international comparison of the credit and business cycles in the euro area (selection of those states that were more resistant to crisis and those sensitive to the crisis). The conclusion will address some recommendations for the policies of central banks, which may in turn reduce the pro-cyclical effects of developing leverage.
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The sustainability of current health care system in the Czech Republic
Jůza, Jaromír ; Písař, Pavel (advisor) ; Durdisová, Jaroslava (referee)
The aim of this thesis is to determine whether the current system of financing health care in the Czech Republic is sustainable without the aggresive reform steps and by analyzing the current situation to ponose specific measures in the form of continous regular savings to pay for health care in the future. The first part focuses on the factors influencing the shape of the health system. The second part is devoted to the future development of the health care system by 2050, according to analysis of data with the predictions of demographic trends by comparing the costs of insured by the age group of statistics. This section includes calculations of costs of health care for a patient in 2050 and overall financial balance of health system and then set out to answer the question, ie whether the current system of financing health care is sustainable. The third part is analyzed by the introduction of medical saving accounts, with the possibility for the CR. The last part focuses on the design according to the author's opinion, the best solution for the future lack of funding in the health system. I present a program that would address some variant of patients participation and which would have enabled the citizens to keep throughout life saving funds for these payments. This model is applied to life insurance products. The actual modeling is done with the outputs of the five products of financial institutions, namely Allianz Insurance Company, Amcico insurance company, Czech insurance company, Generali insurance company and Kooperativa insurance company.
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