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The role of municipalities in the indebtedness of the public sector
Maixnerová, Markéta ; Toth, Petr (advisor) ; Michalička, David (referee)
This thesis focuses on the issue of indebtedness of Czech municipalities and their role in the total public debt. The first part represents the theoretical basis and legislation, which includes defining key terms. The practical part is focused on analyzing the evolution of indebtedness of local governments and of other levels of the public sector. The analysis was made on the basis of compiled time series of the debt for the period 1994-2014. The indebtedness of municipalities and counties had a growing trend during the reported period. In recent years, municipal debt, unlike regional, is stable. The share on debt of municipalities and regions is the size of the public debt is not significant. The largest share of the debt is government debt, which constantly grows from the begging of the period. Part of this work is to compare two methods of evaluating municipal debt, namely debt service and SIMU. Five selected municipalities were compiled both types of indicators for the period 2010-2014. Based on this comparison it was shown to have better presentation of the indicators SIMU than debt service. The thesis seeks to comprehensively evaluate the development of each level of indebtedness of the public sector in order to show, what proportion represents Czech municipalities.
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The National Debt of the Czech Republic in comparison with selected states of the European Union
Baumová, Pavlína ; Severová, Lucie (advisor) ; Jitka, Jitka (referee)
The following master's thesis is focused on the evaluation of the national debt development in the Czech Republic in the period from 2003 till 2015. In the first part of the thesis, terms as national debt and national budget are explained. In addition, the process of the national budget formation is described, and the interconnection between the national debt and the national budget is discussed. Second part of the thesis is concentrated on comparison of the Czech national debt to the debts of selected European countries. Furthermore, it is argued that national budget is an important factor affecting the size of national debt. To gain more insight into such phenomena, the thesis offers two econometric models, taking into consideration selected macro-economic indicators, which might considerably influence incomes and expenses of the national budget. Based on discovered information, specific measures to reduce the negative effects of the national budget, resulting in reducing the value of national debt, are suggested.
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Economic impacts of the public debt of the Czech Republic
Knotková, Markéta ; Urbánková, Erika (advisor) ; Jitka, Jitka (referee)
This thesis dedicates the introductory section to definitions of basic terms of the chosen topic. Here is clarified the issue of public finance and budgets, functions of the state budget and the revenue and expenditure sides. This thesis is focused on drafting of the causes of the public debt, together with the effects of debt and the possibilities to reduce it. Public sector structure is presented within its categorization, including the national debt, government debt and public debt.
The second part of this thesis examines the development of public debt in the Czech Republic along with the development of the national debt and government debt. The conclusion is dedicated to the evaluation analysis of mutual conditionality of public debt and selected variables along with recommendation to reduce the debt of the Czech Republic.
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The Economic Impact of Quantitative Easing as a Solution of the Government Debt
Svatoš, Ondřej ; Vopátek, Jiří (advisor) ; Švihlíková, Ilona (referee)
This thesis deals with quantitative easing as an unconventional tool of monetary policy that is used after economic crisis 2008 by some central banks including Fed, Bank of Japan, Bank of England, European Central Bank and Czech National Bank. The general purpose of this thesis is to define the concept of quantitative easing, to explain the reasons for its use, to evaluate its impact to macroeconomic aggregates in selected countries and put it into context with consumerism and government debt. The main goal is to evaluate the impact of quantitative easing in Czech Republic and valorize it as a tool for solving government debt problem.
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The development of government debt in the Czech Republic from 1993 to 2015
Zeman, Mikuláš ; Klement, Josef (advisor) ; Vebrová, Ludmila (referee)
The aim of this bachelor thesis is to analyse the development of government debt in the Czech Republic from 1993 to 2015 with respect to the development of revenues and expenses of national budget as well as the development of macroeconomic indicators. The thesis is focused on evaluation of the economic policy of respective governments during the period and assessment of the effect of political reasons on the development of government debt. It also comprises a comparison of the situation in the Czech Republic with the situation in certain post - communist states. The theoretical part describes main notions the thesis deals with. Eventually it presents thoughts of selected economists on the economic policy. The practical part carries out analysis of the development of government debt in respective periods focusing on revenues and expenses, and the development of selected macroeconomic indicators. Evaluation of the economic policy of respective governments is also included. In its conclusion the thesis assesses an effect of political reasons on the amount of the government debt in view of relevant theories and hypotheses. The analysis showed that under the studied circumstances only one of the hypotheses became evident, namely that a weak position of the government leads to remarkable budgetary deficits.
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Impact of the Financial Crisis of 2008 on Central and Eastern Europe
Řehořová, Michaela ; Svoboda, Roman (advisor) ; Michal, Michal (referee)
This dissertation deals with the development of the economies of Central and East Europe, which are also the new EU members. States, in the sequel of the global financial and economic crisis. In the theoretical part of, among other things, there is the issue of financial system crisis and subsequent economic recession, whic brouhgt long-term economic stagnation, substantial losses in production, consumption, investments, and foreign trade. The main dissertation shows, partly the situation in selected states of Central and East Europe before and during global financial and economic crisis, on the other, this dissertation is monitoring existing course according to basic macroeconomic characteristics of selected countries in this region. The result is a capture, valorization and subsequent summary of the macroeconomic characteristics, the analysis of Eurostat data and UNCTAD, showed the differencies between impact of financial and economy crisis on selected countries in Central and East Europe. According to the obtained data, which were analysed before 2014, it can not be said, that the economic recovery of selected countries was strong enough in order to keep all the values of macroeconomic indicators which were at levels that these countries reached before financial and economy crisis.
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Development of public debt in Czech republic
Dvořáková, Eva ; Maitah, Mansoor (advisor) ; Anna, Anna (referee)
The subject of this diploma thesis is to analyse the development of public debt in the Czech Republic between years 1993 and 2014. The text is divided into two main parts, the section about theoretical basis of this topic and the section which contains practical knowledge about specific aspects of the Czech public sector. The theoretical part briefly defines basic terms and facts of the public debt, such as public sector, budgetary system and public debt classification. The second part focuses on real-life functioning of the Czech public sector, so there are introduced Czech budgetary system and budget process and various methodological frameworks for debt analyses. The final and most significant part of the thesis deals with the real values of state, municipality and government indebtedness, emphasis is placed on the development trends.
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Analysis of public debt in the Czech Republic
Janda, Lukáš ; Žáková Kroupová, Zdeňka (advisor) ; Slaboch, Josef (referee)
Thesis focuses on the issue of public debt in the Czech Republic, which in recent years has become an increasingly hot topic. The main objective is to evaluate the development of public debt in the period 1993-2015.
In the work are primarily used data from the Ministry of Finance of the Czech Republic and the macroeconomic data of the Czech Statistical Office for the period 1993-2015. Data are primarily evaluated through dynamics and decomposition of the time series. To comparison countries were used pairing economic indicators.
The analysis showed that the debt of the Czech Republic in proportion to GDP amounts to 42.7%, which compared with France, Germany and Spain is not a high number, but should seek solutions on reducing the relative level of public debt, which would be carried out by predictions for the years 2018-2022 will soon be in excess of 2 trillion.
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The Comparison of the Develompent of Government Debt in the Czech Republic and the EU
Zavadil, Martin ; Svoboda, Roman (advisor) ; Michal, Michal (referee)
This thesis is focused on issues of indebtedness of the Czech Republic and surrounding EU area countries.
The theoretical part explains this topic generally, reasons and kinds of indebtedness, division indebted countries, the measuring of indebtedness and possible ways to reduce or eliminate incurred debt.
The practical part is focused on recording and comparing specific parameters of debts of the ČR and EU region for the specific period of time and it is also focused on identifying mutual and different attributes of economic development of the states.
The end summarizes generated information and gives a solution to the debt problems of local area countries at the present time.
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