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The impacts of the US financial crisis on the Czech economy
Topičová, Markéta ; Stuchlíková, Zuzana (advisor) ; Jelínek, Tomáš (referee)
The current global financial crisis originated in the United States of America because of combination of several facts, such as the "dot-com bubble" at the beginning of the 21st century, often criticised FED's actions, inconsiderate granting credit to higher-risk borrowers, securitization of this sub-prime mortgages, and resulting the real estate bubble and it's burst. The mortgage crisis, which subsequently overgrew into the world financial crisis, was transmitted in almost all economies in the world thanks to progressing globalisation and interdependence between states. The Czech Republic was affected mainly by indirect channels from the Euro Area, especially from Germany, our biggest trading partner. Not only exporters, whose orders are declining, who are obliged to lower costs and discharge employees, feel the negative impacts. Banks made terms of credit more restrictive for households as well as for enterprises. The Czech economy is probably from October 2008 in recession and for year 2009 is according to the estimates from the Czech State Bank, International Monetary Fund, or European Commission, even deeper decline in GDP expected. Our government have prepared an anti-crisis plan and precautions, but they still don't have a definitive form due to the instability and changes on Czech political scene.
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Czech republic in the globalisation processes
Ryban, Ivan ; Jiránková, Martina (advisor) ; Bič, Josef (referee)
The thesis begins by defining the terms globalisation - and the historical setting of economic globalisation, globalisation processes and its manifests, which form the base of the practical part of this thesis - application of this phenomenon on the czech economy. The second chapter discribes the past of the engagement of this economy in the processes of globalising world in the terms of international trade, capital flows, transnational companies, migration and infrastructure. The last part contains detailed analysis of the developement of the mentioned areas in recent years. The thesis ends by the view of the international economic situation at the time of economic recession.
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