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Stress Testing the Private Household Sector Using Microdata
Galuščák, Kamil ; Hlaváč, Petr ; Jakubík, Petr
We develop a methodology for identifying financially distressed households and use it for testing the responses to shocks to the unemployment rate, the interest rate and prices of essential expenditure in the Czech Republic. We extend the approach of Johansson and Persson (2006) for Sweden and Albacete and Fessler (2010) for Austria to allow for full labour market transitions between employment and unemployment, and, due to data availability, to account for heads and spouses within households. This improvement may lead to a higher response of household distress incidence due to the unemployment rate shock than in both Sweden and Austria, while the effects due to the interest rate shock are of similar size as in Austria. We illustrate the use of our approach for stress testing households’ ability to pay their debts using macroeconomic scenarios from the CNB’s official forecast and from the CNB’s Financial Stability Report. The results highlight the importance of using micro-level datasets in the analysis of household distress incidence, as the impact of shocks is more pronounced among lower-income households.
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Financial literacy in teaching economic subjects at secondary schools – processing didactic curriculum
Taulová, Jana ; Králová, Alena (advisor) ; Holečková, Lenka (referee)
The thesis deals with the level of financial literacy of secondary school students. At the beginning of the thesis I mainly focused on general issues regarding financial literacy, I explained the essence and justified the need for financial education. I describe current development and practices in the implementation of financial literacy in schools. I devote considerable attention to analysis of pedagogical documentation. My focus is not only theoretical but also practical comparing of financial literacy levels two fields of study from one of the same secondary school educational process and I suggest didactic processing the chosen topic. In conclusion I evaluated the problems of financial literacy.
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Default of households as the indicator of the financial stability
Michlová, Veronika ; Blahová, Naděžda (advisor) ; Brada, Jaroslav (referee)
This thesis deals with the default of households as one of the indicators of financial stability in the Czech Republic. Specifically, it studies increasing indeptedness of households and risks which endanger financial system. The aim is to analyze the main macroeconomic and microeconomic factors that affect households default and to determine their dependence on the non-performing loans. The conclusion summarizes the results of the thesis and suggests recommendations for central and commercial banks.
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Loans, Czech households´ indebtedness and insolvency
Suchá, Jana ; Smrčka, Luboš (advisor) ; Schönfeld, Jaroslav (referee)
The aim of this bachelor thesis is to analyse current Czech households' indebtedness and to describe problems which can the heavy indebtedness cause. The part one is focused on products of common banking and non-banking institutions that are bidden to Czech households now. The thesis continues with comparsion of Czech households' indebtedness in comparsion with the European union households' indebtedness. Third part of this work brings the description of execution process and insolvency. Upon this theme is also aimed practical part of this work, the main accent of which is being put on the detail description of personal bankruptcy.
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Development of consumer credits in the Czech Republic
Bobovych, Renata ; Půlpánová, Stanislava (advisor)
This bachelor thesis deals with consumer lending. It defines its particular types. It analyzes the legal adjustment of the product, compares the previous law of 2001 with the new Consumer Credit Act in force since 2011. Introduces with credit risk and its management method. The central part of the work deals with the development of banking and non-banking consumer loans in the Czech Republic. Finally,there is a comparison of market in the Czech Republic, the Slovakia and the FRG.
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Households indebtedness during current financial crisis
Vlčková, Klára ; Antoš, Ondřej (advisor) ; Vebrová, Ludmila (referee)
This bachelor work deals with the development of indebtedness of the households in the Czech Republic during current financial crisis. The theoretical part presents the causes of financial crisis. Furthermore, the credit products, whose development is described in more detail in the practical part, and the institutions providing these products are examined in this work. In the practical part the progress of debt and households' ability to pay for their liabilities is analysed in comparison with the causes of this development. The work identifies the factors that affect the household debt and analyzing the changes that have occurred in connection with the financial crisis.
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The Progress of Czech households Indebtedness
Antoš, Ondřej ; Jílek, Josef (advisor) ; Rybáček, Václav (referee)
Diplomová práce analyzuje na základě statistických dat a modelů trend rostoucího zadlužování českých domácností. Zkoumá jeho průběh, historii, příčiny, důsledky a dále ho hodnotí v mezinárodním kontextu z makro- i mikroekonomického pohledu. Pro tyto účely jsou využity poznatky autora práce, domácích i zahraničních ekonomů, centrálních bank a statistických úřadů.
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