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The behavioural equilibrium exchange rate of the czech koruna
Komárek, Luboš ; Melecký, Martin
The behavioural equilibrium exchange rate (BEER) model of the Czech koruna is derived in this paper and estimated by three methods suitable for non-stationary time series. The potential determinants of the real equilibrium exchange rate considered are the productivity differential, the interest rate differential, the terms of trade, net foreign direct investment, net foreign assets, government consumption and the degree of openness.
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Impact of productivity on current account behavior
Pivoňka, Tomáš ; Pošta, Vít (advisor) ; Pikhart, Zdeněk (referee)
This thesis is considered with impact of productivity on current account of Czech Republic. It is based on model presented by Glicka, R., and K. Rogoffa "Global versus Country-Specific Productivity Shocks and the Current Account". In this model productivity is distinguished on country specific and global productivity in countries of G-7. Other authors followed this model by extension or revision. In my thesis I was working with several series of productivity based on different data from some sectors of economy. To capture productivity is used Solow residuum of Cobb-Doublas production function. Country specific productivity shock worsen current account as initial model says. Analysis of time series revealed the most suitable series for description of current account behaviour as series of total industry with investment based on gross fixed capital formation.
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Invalidity and survivors pensions
Fait, Jiří ; Bílková, Diana (advisor) ; Pešout, Pavel (referee)
Pension Insurance is one of the main pillars of the Czech social security system. A significant part of this system are also invalidity pension and survivor pension, which serve as financial compensation in case of sudden individual's work ability decrease (invalidity pension), or sudden death (survivors pension). This paper deals with legislation concerning invalidity and survivors pensions and the procedure of calculating those benefits in the Czech Republic. The main analytical part introduces the reader to the amount of expenditures of analyzed pensions, their development in the past and expected future development. This work also introduces the reader to the factors that influence the number of pensions. Attached is the invalidity and survivors pension calculator in MS Excel 2007.
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Hurst Exponent and Randomness in Time Series
Zeman, Martin ; Trešl, Jiří (advisor) ; Hušek, Roman (referee)
The main goal of this thesis is to test the ability of the Hurst exponent to recognise some processes with deterministic signal as nonrandom and to test the randomness of daily stock returns of three stocks traded in BCPP. Critical values to determine the critical region of a randomness hypothesis test were set for this purpose. Another goal of the thesis is the description of the Hurst exponent estimation by means of Rescaled Range Analysis and outline some problems accompanying this estimation if the Hurst exponent would be used as a randomness indicator. Within the frame of Rescaled Range Analysis was constructed another method that showed to be successful in recognising some series that contain deterministic signal.
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Financial analysis
Fišerová, Hana ; Randáková, Monika (advisor)
This work deals with the financial analysis of a particular company.The time frame of the analysis of external financial balance sheet spans over four years. This work begins with the theoretical definition of the object, users, resources, techniques and methods of financial analysis. Then the paper deals with the practical financial analysis.
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Economic situation in the Teaching Hospital Královské Vinohrady
Kremová, Alice ; Maaytová, Alena (advisor) ; Hartlová, Alena (referee)
The main aim of this thesis is to analyze and assess the economic situation in the Teaching Hospital Královské Vinohrady, and compare it with the average situation in the Czech Republic. The work uses financial analysis indicators, which are commented according to the non-profit nature of this allowance organization established by the Czech Ministry of Health. The utilization of hospital beds and other indicators of bed occupancy are also taken into account. The work focuses on analyzing the time series for the years 2006 to 2009. A background for the analysis is provided by a discussion of the current trends in the Czech healthcare system.
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Baby Boom in the Czech Republic – Analysis of Fertility and Natality after 2000
Fučíková, Simona ; Miskolczi, Martina (advisor) ; Krebs, Vojtěch (referee)
The objective of the thesis is to analyze development of fertility and natality in the Czech Republic after 2000 and also analyze factors that affect number of births. Using this analysis, the question whether in fact baby boom occurred in the Czech Republic or not, is to be answered. The thesis consists of two main parts. First part deals with theoretical issues of fertility and natality trends in the Czech Republic after 1990 and with current trends of Czech family and natality policy. Analysis of specified indicators was prepared based on data available from the Czech Statistical Office and the European Statistical Office. This is focus of second part. In particular, time series of specified indicators appear here. According to their trends, conclusions are given to conclude the thesis. There was a baby boom after 2000 in the Czech Republic. However, this wave was not as strong as it was in a tight post-war years and in 70th in the 20th century. In the Appendix there are source data for time series graphs of specified indicators.
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