National Repository of Grey Literature 2 records found  Search took 0.01 seconds. 
The future of central banking in the economic system of developed countries on a basis of evalution of the experience from the last decade
Vilt, Lukáš ; Ševčík, Miroslav (advisor) ; Munzi, Tomáš (referee)
Thesis is dealing with the development of the central banking on the basis of experience from the last decade. Hypothesis is the statement, whether the central banks of the developed economies are increasingly less capable of the effective reactions on the accelerating development of the global economy and their position in the money emission and regulation of the banking sector is and will be more and more weakened by the alternative banking and monetary systems. This hypothesis is successfully disproved because of the behavior of the four chosen central banks which are CNB, FED, ECB and BoJ. The main reason was an increase in their activities and interventions causing among others multiplication of their balance sheets. On the other hand the alternative in the free banking is further from the reality than before. Virtual currencies also did not show threatening growth of the national currencies substitution in the reference period. Thesis also provides insight into new and potentially new instruments of the central banks.
Hong Kong Economic Development: From the Beginning of the Reform Process in the PRC to the Creation of the Special Administrative Region of the PRC (1979-1997)
Vilt, Lukáš ; Skřivan, Aleš (advisor) ; Fabianková, Klára (referee)
This work deals with an economic development of Hong Kong between 1979 and 1997 and tries to find the sources and causes of rapid economic growth over this period. Major hypothesis of this paper is that amongst the dominant influences of this economic growth belong low regulations and weak state interventions in the market, which are linked with the size of the public sector and the tax burden, and alternative form of banking. This hypothesis has been partly proven especially in low regulations and taxes, which supported both domestic and foreign trade and enabled the further development of the banking sector. Besides the public sector and the banking, the work also deals with the development of the international trade with the focus on the commercial and financial flows between Hong Kong and the People's Republic of China. In this case the re-export of Chinese goods proved to be the key factor, on which Hong Kong increasingly profited since the half of the eighties. International trade and cooperation with the PRC has even proved as the main sources of the rapid economic growth, which was only supported by other factors.

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