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Monetary crisis and state bankruptcy in Argentina
Kubíčková, Tereza ; Burgerová, Jiřina (advisor) ; Jílek, Josef (referee)
The Bachelor thesis analyses the issue of financial crises, the dominant theme is monetary crisis in Argentina. The first part focuses on theoretical causes of crises, possibilities of their prevention and attempts to anticipate coming economic problems. The work deals with the study of Argentina's systemic crisis in the second section. We can observe on historical emergence of economy and behaviour its representatives that country had conditions leading to depression for long time. The work tries to answer questions like whether government was able to avoid the crisis and why its economic incidences were so catastrophical. The extend of the adverse effects is shown on main macroenomic indicators by the help of tables and graphs.
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Principles of taxation in Czechoslovakia during 1918 - 1938 and in the Czech Republic from 1993 to 2008
Steiner, Petr ; Vostrovská, Zdenka (advisor) ; Jílek, Josef (referee)
This work's task is to compare the basic principles of taxation in Czechoslovakia during 1918 - 1938 and in the Czech Republic from 1993 to 2008. It shows what the Czechoslovakian tax system in the previously mentioned period was based on and which principles it has been based on in the Czech Republic since 1993. It emphasizes the comparison of the forms of taxation, the structure of taxes and the contribution of individual taxes in the national budget's income. Important is also the outline of how the collected taxes are used in the state budget -- how the resources are and used to be redistributed and for which purpose, what targets were and are being reached and how the targets differ depending on time and the government's interests. The work is also going to show the tax burden rate and its impact on the tax revenue and economic productivity comparing both of the observed periods. It will then describe the possible influence of the tax burden on the economic activity, possibly on other behavior of the population according to the economic theories.
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Impact of the american mortgage crisis on the economy of Iceland
Radilová, Eva ; Antoš, Ondřej (advisor) ; Jílek, Josef (referee)
This paper concentrates on the beginning of the mortgage crisis on the United States mortgage market. It deals with its global and local impacts and explains its origin against the economic background. After that it fluently continues with describing the origins of the Icelandic crisis. It is mentioned in this part that despite the economic boom the origins of the crisis had arisen at that time. After the burst the progression of the crisis including its impacts on macroeconomic indicators is described in this document. In conclusion the Icelandic crisis is being explained on the economic theory basis, compared to the American crisis and the question if Iceland was really a victim of the subprime mortgage crisis is answered there.
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Public Private Partnership and its impact on the economy of Slovakia
Kožariková, Veronika ; Munzi, Tomáš (advisor) ; Jílek, Josef (referee)
My bachelor thesis is devoted to PPP projects as a subject matter, which start to gain its importance also in countries of Central and Eastern Europe. In theoretical part of my thesis I define concept of PPP projects, characterize particular types of cooperation, advantages and disadvantages of PPP, risk and progress of projects. Theoretical part describes several examples of Public Private Partnership from countries ofworld. Analytical part presents upcoming PPP projects in Slovakia, concretely three highway construction packages. I also appoint to financing of these demanding projects and assess cooperation as well as contribution for public and private sector. I present the models used for calculation of effectiveness of PPP projects. In more details I analyze 2nd package of speed highway R1 between towns Nitra and Tekovské Nemce along with ring road of Banská Bystrica, which is in most advanced stage of preparation.
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Public Private Partnership and its use in in transport infrastructure
Trunkát, Michal ; Munzi, Tomáš (advisor) ; Jílek, Josef (referee)
Abstract The theme of my thesis is mutual cooperation between public and private sector called Public Private Partnership. The theoretical part explains the concept of Public Private Partnership, its history, pros and cons which this partnership bears, and branches in which PPP is used. In the second part two case studies of pilot projects in transport infrastructure in Czech Republic are analyzed. The goal is to analyze the application of PPP in these projects and in one unsuccessful project. Part of the analyses is also a review of reasons why the unsuccessful project failed and furthermore the review of potential risks of using PPP.
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Influance of operating accounting methods on the current financial crisis
Pozdníková, Magdaléna ; Munzi, Tomáš (advisor) ; Jílek, Josef (referee)
The subject of this bachelor work is an influence of operating accounting methods on the current development of the financial crisis. In the first part, there are described trends on financial markets in last few years. The further part is devoted to the mortgage market in the USA and the individual process of providing mortgages. Subsequently, there is an analysis of the connection between a quantity of securitized assets and a number of mortgages. Other roles of financial innovations during the financial crisis will be discussed as well. In the last part, there are examined methods of the appraisement which were applied during the crystalization of the crisis. Using these appraisement methods caused the deformation of operational book keeping that eventually led to softening of accounting rules.
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Difficulties of banks in the Czech Republic in the years1993-2003
Mikšová, Lucie ; Jílek, Josef (advisor) ; Vebrová, Ludmila (referee)
At the end of the 20th century and at the beginning of the 21st century, most banks in the Czech Republic got into trouble. Some banks overcome this problems, but others have to cease their activities and lost their banking license. Difficulties of banks varied from case to case, but there were some common attributes. The first objective of this work is to find these common attributes. The second objective of this work is to identify "culprits" who were most involved in the difficulties of banks in the Czech Republic in the years 1993-2003. Method of incomplete induction will be used in this work. First of all, from all banks, which had difficulties in the years 1993-2003, I selected a sample of ten banks. Then for each bank I will detect the main causes of its problems. Subsequently, through a comparative method, I will determine the most frequent causes of the problems of banks in the years 1993-2003. To each cause I will assign a group of persons or institutions that contributed to its emergence. Finally, according to frequency of institutions and groups, I will identify the main "culprits", who were most involved in the difficulties of banks in the years 1993-2003. This work will be based primarily on the sources available in the library of University of Economics, the Library of the Czech National Bank and specialized literature, which deals with this issue.
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Analýza hedgeových fondov a hedgeových stratégií
Austová, Lucia ; Jílek, Josef (advisor) ; Halás, Vladimír (referee)
An objective of my graduation thesis is an analysis of hedge funds and hedge strategies while reflecting the distribution of the investments to right portfolio taking into account the risk. The main aim is to provide clear and consistent classification of whole variety of different hedge styles and strategies. There are plenty of different investment and trading strategies of hedge funds and their classification differs from analyst to analyst and from database to database. The work focuses on finding an alternative consistent classification of hedge funds which will lead to improvement of investment decisions of financial market participants, to effective distribution of the investment portfolio and therefore to elimination of undiversified risks. For the practical analysis I use real data of hedge fund returns of particular relevant time period. I focus on research and description of possible methods of hedge fund classification mentioning their pluses and minuses. After passionate evaluation of each method I have chosen two methods according to which I classify the hedge funds datasets and finally I compare the results of both. The theoretical part of work focuses on definition of hedge funds, hedge styles and strategies, pluses and minuses as well as risk accompanying particular strategy.
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Stock markets regulation - chosen regulations impact on stock market
Kecl, Michal ; Jílek, Josef (advisor) ; Munzi, Tomáš (referee)
The thesis is focused on state interventions and regulation on field of stock exchanges. On special examples I show for and against argumentation of real precautions. I repeal the questions of public konvenience of these precautions. In the first part of the thesis I begin with historical genesis of exchange especially in our area including the origin -- private or state. The first part continue with theoretical functions of stock exchange and its fulfilment in case of The Stock Exchange in Prague. In the second part I present dilemma of squeeze-out or expropriation of minority shareholders.There will be arguments of proposers, opponents and also neutral arbiter representing by The Constitutional Court of the Czech Republic. In the third part of the thesis I present an example of foreign regulation. It is Sarbanes-Oxley Act with its impact on different entities. In conclusion I propose some changes and I want to give a support to discussion about state admission to regulation of stock markets.
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Credit risk management and business cycle
Kubesa, Lukáš ; Jílek, Josef (advisor) ; Munzi, Tomáš (referee)
This diploma thesis -- Credit risk management and business cycle -- is divided in four chapters. The first explains the purpose of bank as the financial intermediate and the main financial risk, which may results from its activities. The second part describes the theory of business cycle from the view of the main economic schools and clears up the problems of price bubbles on assets markets. The third part analyses the models and methods of credit risk management in the financial institution and the roles of regulatory authorities including the influence of Basel II. The last part concerns about credit risk development in bank sector in the Czech Republic including the ČNB macroeconomic credit risk model. The main focus is how the changes in business cycle development influence the credit risk.
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