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World banking crises
Mirazčievová, Michaela ; Půlpánová, Stanislava (advisor) ; Paholok, Igor (referee)
The purpose of this thesis is to offer a contemporary overlook on the widely discussed and problematic topic of bankong crises. This analysis gives a list of banking crises which have ocurred since the 90s. up to now, their causes and definitions, and explains some important macro- and microeconomic reasons for their occurrence.It also shows how current economic theory describes the causes and nature of financial instability, with emphasis on its real effects and high economic, as well as social costs. Based on these findings, this paper offers possible resolutions of problems of the financial system and methods of its stabilization with the aim to prevent future crises. A separate chapter is dedicated to the crises in Argentina 2001, the nordic countries in the late 80s/early 90s, and the Czech republic during its transition period.
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Municipal transportation system of Košice
Pavúková, Marianna ; Zelený, Lubomír (advisor) ; Paholok, Igor (referee)
The aim of this bachelor thesis is to analyze the present condition of municipal transportation system of Košice, point out to the problems and planned solutions. In the first theoretical part there is history of public transportation in the world, basic terms and the importance of the integrated transport systems. The second practical part describes characteristic of Košice city, condition of the public transportation and future plans for building the integrated transport system in Košice.
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Czech Pension Funds´ Performance Analysis
Menčík, Tomáš ; Musílek, Petr (advisor) ; Paholok, Igor (referee)
This thesis aims to investigate pension funds'investment behavior in times of a capital markets crisis; to discuss actions taken and changes of an investment policy; and to point out legislative issues. Another topic is a discussion over the contribution of each investment tool to the portfolio performance, and a prediction of the investment policy of pension funds. An important part of this thesis is the analysis of the detailed portfolio of PF Stabilita. The outcome of this paper is not to predict a future developement of capital markets, although a broad prediction for each investment tool is made, but to investigate a reaction of pension funds to the 2008 capital markets turmoils.
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Financing the state budget deficit through the issue of bonds in the Czech Republic
Bauerová, Veronika ; Radová, Jarmila (advisor) ; Paholok, Igor (referee)
This work deals with the financing of the state budget deficit in the Czech Republic through the issue of government bonds. There is listed the characteristics of each type of government bonds, the allocation of government bonds according to the type of instrument, by type of holder, and according to maturity and development in the years 1997 - 2008. It is also monitoring the impact of financial crisis on the market of government bonds mainly in 2008. The last part of this work is focused on the government bond market in the Slovak Republic for the purpose of comparison with the Czech Republic.
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Losses of catastrophic scale and the effect to insurance market
Melkusová, Jana ; Daňhel, Jaroslav (advisor) ; Paholok, Igor (referee)
Thesis shows progression of catastrophic events and their influence on insurance market. Insurance and reinsurance are connected to conception of catastrophes and therefore it is necessary that this thesis firstly presents key features and classification of notion catastrophe itself. For understanding of the notion is important to differentiate between nature and manmade disasters. Next part summarizes large-scale events in 2008, significant events in the past and disasters in Czech Republic. Catastrophic events are analyzed from various angles, but the most important one seems to be insured losses volume. The core of the thesis is concerned with explanation of the disaster trend and its consequences. Key problem of disaster insurance is connected to the question, how to cover catastrophic losses for both, individuals and insurance companies.
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Market risk management and its implementation in industrial company
Klimša, Petr ; Paholok, Igor (advisor)
In my paper, I focuse on management of market risks, especially financial risks with great accent on monetary risk. In first part of my paper I devote to market risk management in a theoretical way. There is also description of internal and external management of exchange exposition. In the second part I concentrate on praktical implementation of risk management in the company Biocel Paskov a.s. Due to the fact that the company is strongly export oriented, monetary risk management is the key issue of financial stability and competitiveness.
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Specific issues of financial service firms at determining the intristic value of a stock
Mathonová, Ivana ; Veselá, Jitka (advisor) ; Paholok, Igor (referee)
The principal aim of the thesis is to analyze specific issues of financial service firms in comparison with nonfinancial firms, and to explain how to determine the intristic value of a stock using the fundamental analysis. The particular macroeconomic, industrial and business factors influencing the intristic value of a stock are desribed in detail with the emphasis on the distinctions of financial service firms. A separate chapter is focused on particular methods suitable for determining the intristic value of a financial service firm's stock. The applied section analyzes all the components of the fundamental analysis in detail using Komerční banka's stock as an example. Consequently, the intristic value of the stock is calculated by means of available methods with the decision whether the market pricing is correct.
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Methods of the calculation of Value at Risk for the market and credit risks
Štolc, Zdeněk ; Witzany, Jiří (advisor) ; Paholok, Igor (referee)
This thesis is focused on a theoretical explication of the basic methods of the calculation Value at Risk for the market and credit risk. For the market risk there is in detail developed the variance -- covariance method, historical simulation and Monte Carlo simulation, above all for the nonlinear portfolio. For all methods the assumptions of their applications are highlighted and the comparation of these methods is made too. For the credit risk there is made a theoretical description of CreditMetrics, CreditRisk+ and KMV models. Analytical part is concerned in the quantification of Value at Risk on two portfolios, namely nonlinear currency portfolio, which particular assumptions of the variance -- covariance method a Monte Carlo simulation are tested on. Then by these methods the calculation of Value at Risk is realized. The calculation of Credit Value at Risk is made on the portfolio of the US corporate bonds by the help of CreditMetrics model.
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Výkonnosť bánk a možnosti jej kvantifikácie
Paholok, Igor ; Dvořák, Petr (advisor) ; Janda, Karel (referee)
Skúmanie výkonnosti podnikov a teda i bánk denne zapĺňa stránky ekonomicko-finančných novín. Pojednanie o možnostiach analýzy výkonnosti bánk je aj predmetom tejto diplomovej práce. Správna anlýza závisí na korektnom vymedzení pojmu výkonnosť a na vhodnom sposobe jej kvantifikácie. Možnosti kvantifikácie sú predurčené subjektom, ktorý výkonnosť analyzuje. V práci nechýba ani analýza vzťahov, či deteminantov výkonnsoti a stručný popis stavu bankovníctva z pohľadu výkonnosti v ČR v roku 2005.
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