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How Bank Competition Influences Financial Stability
Vildová, Romana ; Horváth, Roman (advisor) ; Teplý, Petr (referee)
How Bank Competition Influences Financial Stability Abstract This paper investigates the link between financial stability and bank competition by means of the Arellano & Bond (1991) GMM model using annual panel data over the period 2000 - 2014 for 205 countries. Our data source is a new, richer and updated dataset The Global Financial Development Database available at World Bank. Due to the specifics of this dataset we are able to use new combinations of measures of financial stability and of bank competition and to study their relationship in greater depth. We find a positive link between financial stability and bank competition. Furthermore, our results provide evidence that it matters what measures of financial stability and bank competition we apply. Lastly, we ascertain that the relationship between financial stability and bank competition does not change over time. Keywords Financial Stability, Bank Competition, Dynamic GMM, the Arellano and Bond Estimator Author's e-mail VildovaRomana@gmail.com Supervisor's e-mail Roman.Horvath@gmail.com
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Konstrukce výnosové křivky
Antas, Vilém ; Stádník, Bohumil (advisor) ; Teplý, Petr (referee)
The goal of this thesis is to analyze the mathematical apparatus of the most widespread methods used for the yield curves construction. It aims to introduce not only the various of construction models but also to describe the whole process of creation, while discussing the advantages and disadvantage of individual methods. The first chapter focus on the general theory and the use of the term structure of interest rates in practice. The second part deals with the construction process itself and describes the most frequently used methods. The last chapter then shows the real application of selected methods on given data set and the use of the constructed yield curves for interest rate derivative valuation too.
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Analysis of mortgage market of Czech Republic and Russia
Alopina, Anna ; Radová, Jarmila (advisor) ; Teplý, Petr (referee)
This thesis is focused on evolution of mortgage market of Czech Republic and Russia and development of macroeconomic factors. The theoretical part of this thesis describes the status and importance of mortgage loans as a part of the bank loan products. Another part is dedicated to get acquaint readers with the types of mortgage loans, the credit process and the influence of macroeconomic factors on the mortgage market. The practical part is devoted to analyzing the evolution of the mortgage market in Czech Republic and Russia in terms of macroeconomic factors. In the end, there is a short characteristic of the current situation on the mortgage market in these countries.
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The problems of financing start-up companies in the Czech Republic
Oravcová, Zuzana ; Teplý, Petr (advisor) ; Janda, Karel (referee)
The bachelor thesis Problems of Start-up Funding in the Czech Republic analyses possibilities which are provided in the area of the Czech Republic and hints the manual of funding sources regarding the stage of a company or an individual. The next chapter is focused on the hypothesis of the surplus of liquidity in a financial sector and the increasing trend of investments into the start-ups accompanied with a higher risk rate. Last but not least, the thesis depicts the cooperation of banking institutions with the European Union or specialists in a branch such as venture capital companies and startup incubators.
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Financial Market Guarantee System
Ročeň, Tomáš ; Teplý, Petr (advisor) ; Hejdová, Martina (referee)
This bachelor thesis follows up the Financial Market Guarantee System in Czech republic and aims to describe its establishment based on the regulation of the European Union, its competence and relevance in Czech republic. The Thesis is divided into theoretical and practical part. Theoretical part describes the development of the Deposit Insurance Fund, new legislation of the European Union and Czech law, which is based on European Union legislation. Practical part mostly examines newly established Resolution fund. On the sample of three different sized banks is shown the impact on the profit as a consequence of the contribution to the Resolution fund. The second part also focuses on ability of the system to help banks in financial problems, which was proven as very limited. Practical part in addition provides estimate of the annual contribution to the Resolution fund, which turned out to be quite accurate.
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Analysis of measures against money laundering in the banking sector in Russia and the Czech Republic
Vasilyeva, Valeriya ; Teplý, Petr (advisor) ; Fleischmann, Luboš (referee)
The bachelor thesis is focused on analysis of contemporary money laundering problem in Czech Republic and Russia. In this connection, emphasis is placed on cyber risk and risk in IT sphere. The first part is devoted to theoretical definition of money laundering, description of virtual currency and shows on example the use of virtual currency to launder money from criminal activities. The second part focuses on the activities of the authorities, responsible for preventing money laundering in both states, and legislative regulation the field of AML. The last part is a summary and discussion of the effectiveness of AML regulation in the Czech Republic and Russia.
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Application of Monte Carlo simulations in banking
Boruta, Matěj ; Teplý, Petr (advisor) ; Fučík, Vojtěch (referee)
Currently, banking is exposed to huge market risks. One of those risks is occurrence of negative interest rates in the EU. Nowadays, it is important to use sophisticated and modern measurement tools and approaches to measure and manage banking risks. One of those methods is Monte Carlo simulation. This bachelor thesis is aimed at analysis and prediction of 3-month maturity Prague Interest Offer Rate (PRIBOR) for 3, 6 and 12 months with using Monte Carlo simulations. It was found that this method is suitable for prediction market variables with low volatility. If anybody uses this method, it is necessity to have in mind all pitfalls and assumptions, that this method includes, as an adequate random generated number of scenarios, approximation of correct probability distribution, independence of dataset and not least, as far as possible, to focus on factors generating randomness of market variable and not the prices, that express rather consequences of randomness than its cause. Further, the Monte Carlo prediction was compared with prognosis of the Czech Nation Bank and it was found that Monte Carlo prediction is more accurate for short term predictions. 12-month prediction of Monte Carlo simulation discovered also possible occurrence of negative interest rate at 0,05% level of probability in compare to the Czech National Bank prognosis, where was no negative interest rate predicted.
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The Business Plan
Teplá, Petra ; Teplý, Petr (referee) ; Doubravský, Karel (advisor)
The main subject of this thesis is a creating of workable business plan of wellness centre on the club 's principles. Theoretical part is focused on all important planning details, economics and legal aspects of petting up a company .The main goal of the practical part is application of theoretic findings into real business plan. The output is a compilation of pricing strategy and financial plan that can help determine the effectiveness of the chosen tactics.
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Management development project
Zukalová, Kateřina ; Teplý, Petr (referee) ; Kosová, Jaroslava (advisor)
Master’s thesis aims at understanding the process of planning and implementation of development project. It focuses in particular on the description and analysis of various stages of the project, especially in terms of their management and elimination of potential risks. The first part of the thesis deals mainly with theoretical introduction of the topic and definition of basic concepts and methods. The second part of the work is already trying to map a specific development project and to analyze its real progress. This section also proposed other possible approaches to addressing certain specific tasks within the individual phases and the elimination of potential risks that the project actually occurred, including the proposal of optimal process for managing development project.
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Business Development of Brewery
Mičková, Lucie ; Teplý, Petr (referee) ; Koleňák, Jiří (advisor)
Presented Master’s thesis characterizes, analyzes and assesses the current situation of Holba’s brewery, Ltd. The thesis includes theoretical resources, company analyses, mainly internal and external analyses. As a result of outside and inside analyses there are formulated opportunities and Threats, Strengths and Weaknesses. On the basis of findings, the thesis includes comprehensive proposal of strategy, development and improvement of company position, which should help to fix it’s position on market and take a step forward in today’s mobile world.
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