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Democratic stability in Costa Rica
Caltová, Anna ; Soukup, Jaromír (advisor) ; Krausz Hladká, Malvína (referee)
- bachelor thesis Democratic Stability in Costa Rica Autor: Anna Caltová This bachelor thesis deals with the stability of democracy in Costa Rica. The aim was to find out how stable is democracy in this Latin American country and to try to estimate whether it is in danger of democratic collapse in the near future. J. Schumpeter's minimum definition, which was supplemented by the work of Robert A. Dahl was used to define the concept of democracy. Using the study Why Democracies Collapse: The Reasons for Democratic Failure and Success by Abraham Diskin, Hanna Diskin and Reuven Y. Hazan, five factors were selected to analyze the stability of democracy in Costa Rica. These factors included: historical experience with democracy, cleavages, the state of the country's economy, the stability of cabinet, and finally the pressure from foreign actors on domestic policy. The results of the work suggest that, except for the state of the economy, Costa Rica is in a relatively good position. Although the country's economy is sufficiently productive, its management by Costa Rican government, coupled with the unequal distribution of wealth among citizens and the economic recession caused by the COVID-19 pandemic, may result in a fall to dangerous levels. Because a study by Diskin et al clearly states that one...
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Analysis of impacts using the non-conventional instruments of the ČNB monetary policy in the period 2013-2016 on stability of the czech economy
Miňhová, Kristýna ; Pekárek, Štěpán (advisor) ; Bednář, Milan (referee)
In reaction on existence of economic cycles, the period of economic growth is changed with the economic recession, which can grow in the crisis eventually. In such a case, the task of economic policy is to direct the economy in the right direction, back to the boom. The thesis focuses on monetary policy and its ability to achieve this task. The aim of the thesis is to analyze the influence of foreign exchange interventions used in the period of 2013-2017 on the restoration of financial and (macro)economic stability of the Czech Republic. For this purpose, time series of indices describing the stability, the financial stress index and the economic stress index are constructed. A comparative analysis proves that the financial and (macro)economic situation in the Czech Republic has started to stabilize shortly before the unilateral exchange rate commitment to the euro and the impact of foreign exchange interventions cannot be certainly confirmed.
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