|
|
Public debt and capital market in Czech Republic
Lošková, Žaneta ; Vítek, Leoš (advisor) ; Pavel, Jan (referee)
The Bachelor thesis deals with the public debt. It describes the basic features of government bonds and treasury bills and their primary issue. It investigates the basic principles of sovereign debt management in the world and examines in detail the process of debt management and risk management in the Czech Republic. The analytical part examines instruments in terms of yield and demand. It evaluates the development of trade volume in the bond market in recent years and about which instruments are most in demand in the market. Finally, examines the risks associated with debt instruments through the CDS.
|
|
|
The fulfillment of the Maastricht convergence criteria by Greece
Furicová, Veronika ; Kalínská, Emílie (advisor) ; Čajka, Radek (referee)
The main objective of this work is the fulfillment of the Maastricht convergence criteria by Greece. The first chapter deals with the general characteristics, historical, political and economical development since World War II to the present. The second chapter shows and explains the Maastricht convergence criteria. The third chapter assesses the performance of Greece's convergence criteria before joining the EMU and fiscal performance during the membership in EMU. The first will focus on the implementation of the nominal convergence criteria in the 3rd stage of EMU, under which the Greeks as the only candidate country for membership were not admitted. The second objective pursued is the implementation of the fiscal criteria for membership in EMU from 2001 to present.
|
|
|
Distribution of USSR public debt after dissolution of USSR in 1991
Kavka, Oleksandra ; Pavel, Jan (advisor) ; Vítek, Leoš (referee)
This bachelor thesis deals with distribution of USSR public debt after dissolution of USSR in 1991. Thesis goal is to provide complex research of creation and rising of the public debt of USSR until its dissolution. It determines problems, which newly established states encountered during distribution of assets and liabilities of the former USSR. It also in detail describes agreements and proposed variations for the debt distribution and explains the chosen method.
|
|
| |
|
|
Analysis of the Czech Republic fiscal policy after the European Union accession
Kodejšová, Martina ; Izák, Vratislav (advisor) ; Blažek, Petr (referee)
The aim of this thesis: The Analysis of the Czech Republic fiscal policy after the European Union accession are to describe and monitor development of Czech fiscal policy, remind context of economic and political cycle with fiscal policy in sequence of factual development and evaluate fiscal policy from the standpoint of the accession to EU and possible acceptance of the Euro, too. First part of paper is attended to basic terms delimitation of economic and fiscal policy. In subsequent parts is analyzed development of the most important fiscal policy indicators on the basis of acquired informations and evaluated fiscal policy from the perspective of its positioning. The last part is attended to consequence between Czech Republic and European Union, above all observance evaluation of Maastricht convergent criteria. Attention is aimed also at Stability and Growth Pact
|
|
|
Issue and trade with government bonds
Dostálová, Veronika ; Radová, Jarmila (advisor) ; Málek, Jiří (referee)
This bachelor thesis focuses on the czech government bonds market. It describes the issue by auction organized by the Czech National Bank and the legal enactments which deal with this procedure. Important differences between treasury bills and medium term and long term bonds are mentioned. The analytical part of the thesis is concerned with the relationship between the government bonds and the public debt of the Czech Republic, describes the public debt development in light of it's term of maturity and it's holders. The closing part focuses on the pofitability of czech government bonds and it's yield curve.
|
|
|
Public debt of the Czech Republic
Krajíček, Vojtěch ; Izák, Vratislav (advisor) ; Blažek, Petr (referee)
This bachelor thesis deals with the public debt of the Czech republic. In the introductory (theoretical) part, the public debt is set into a sphere of Czech public's finances, followed by its complete analysis which can be also understood as a basic summary of the existing theoretical knowledge. After the coverage of basic theoretical aspects, there follows the second (practical) part which includes i.a. the main object of this thesis, formulated by a hypothesis whether the rising of our public debt may lead to national bankruptcy. This examination is based on an analysis of the main causes of problems in countries which have recently been directly threatened by national bankruptcy. The identified causes are then confronted with the current economic reality in Czech republic. For achieving the main aim of this thesis, there should also help the partial aims focusing on the formation and development of our public debt, then on the quantification of the costs of its operation and the following comparison in terms of the EU. The method used for this achievement is going to be a combination of theoretical study of professional literature and empirical analysis in the application of scientific procedures of description and comparison.
|
|
|
Fiscal bankruptcy of Hungary - the way that also the Czech Republic follows?
Pařízek, Ondřej ; Ježek, Tomáš (advisor) ; Dočkal, Dalibor (referee)
The first goal of this thesis is to reveal main causes of increasing public debts of the Czech Republic and Hungary. The results of that analysis should show us whether the both countries differ in such causes or not and if there is a chance that the Czech Republic's public finance system could be in danger, as it happened in Hungary in 2008. At the beginning, we suppose that there are no important differences in those causes and that the main reason for the increasing public debts are long-term budget deficits which are of structural character. That means that those structural deficits are formed on purpose, by irresponsible fiscal policy. The other goal of this thesis is to analyse the most important factors which cause the long-term structural deficits in the Czech Republic, and to suggest some steps which would help to stop the further creation of those deficits.
|
|
| |
|
|
Fiscalisation of expenses of financial crises
Buryánek, Pavel ; Dvořák, Pavel (advisor) ; Fantová Šumpíková, Markéta (referee)
The main goal of this thesis is to describe and analyse methods, which were used by countries affected by the Asian financial crisis to resolve related problems and also analyse how these solutions affected public debt. For this purpose I chose three Asian countries, Thailand, Indonesia and South Korea. These countries have one in common, their governments decided to establish Asset Management company to resolve problems of bank sector. This thesis describes how they were successful in their aspirations and fallout of financial crises on choosen countries.
|
guest ::
