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Monetary policy of the Federal Reserve during the Great Depression and during the global financial crisis
Hladký, Ján ; Pavlík, Zdeněk (advisor) ; Bolotov, Ilya (referee)
This work addresses the monetary policy of the Federal Reserve System during the Great Depression and during the global financial crisis. It compares it from the perspective of the theory of business cycles of the two prominent schools of economics - the Keynesians and the Austrian School. This work explains the evolution of the Fed as an institution, the development of its monetary instruments, and in particular points to the shifts between various schools. This work offers a better understanding of the issues of state intervention in the economy.
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Credit rating agencies and their impact on the global financial crisis
Kubálková, Martina ; Bolotov, Ilya (advisor) ; Čajka, Radek (referee)
Credit rating agencies play an important role in the financial market and ensure its effective functioning. However, they now face criticism due to their involvement in the development of the global financial crisis in 2007--2009, and in some cases they are even referred to as the key cause of the crisis. The purpose of this thesis is to define the role of credit rating and credit rating agencies in the global financial market and to analyse how and to what extent the rating agencies were actually involved in the origin of the global financial crisis. The first chapter deals with the theoretical definition of relevant terms while the second chapter analyses the impact of ratings on the development of the global financial crisis and it also focuses on the consequences that credit rating agencies had to deal with following their implication in the cause of the crisis.
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Italy: Economics and Position in the International Tourism Market
Levák, Adam ; Abrhám, Josef (advisor) ; Vaško, Martin (referee)
The aim of this diploma thesis is to analyze the development of key economic indicators and indicators of tourism and determination of trends of Italian economy and tourism in the last years. The first chapter is about the influence of the global financial crisis on the development of Italian economy and the economic competitiveness. This chapter also analyzes the measures which were approved by Italian government in effort to improve the state of the economy after the crisis. The second chapter defines the tourism in Italy and describes the development of inbound, outbound and domestic tourism, Italian tourism trends and the tourism competitiveness of Italy. The third chapter compares Italy, Portugal, Greece and Spain in terms of economic level and position of these countries in the international tourism market. The last part of this thesis is devoted to the comparison of Italian regions Lombardy and Calabria which are analyzed by chosen indicators for purpose of showing regional differences between both regions.
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China and the USA: the way to global leadership?
Smola, Filip ; Cihelková, Eva (advisor) ; Erbenová, Monika (referee)
The aim of this bachelor's thesis is to analyze the economic development of China and the USA. The work is divided into three chapters. The first part aims only at the People's Re-public of China. This work explores the reasons for contemporary economic success and evaluates the efforts of the Communist Party of China to bring China closer to the world especially in economic matters. The second chapter is completely devoted to the economic development of the United States of America. Attention is especially focused on economic development at the turn of the millennium. The successful nineties of the last century were replaced with a lot of crises in the twenty-first century. The concluding chapter looks for answer to the question which of these countries is on the better way to reach the first place in the world of the economic view. Information in my bachelor's thesis comes from Czech and foreign printed and web sources.
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The bank regulation and control in the Czech Republic after the financial and economic crisis 2007 - 2009
Kasenčáková, Jana ; Koderová, Jitka (advisor) ; Kaimova, Nadira (referee)
The thesis brings self-contained review of the bank regulation and control. The first part deals with the theory of the bank regulation and control and then the regulation and control of the bank sector in the Czech Republic is introduced. Next part deals with the brief analysis of the formation and development of the global financial crisis in the USA and chosen European countries. The last part introduces the changes in the field of the bank regulation and control that arose after the break out of the finacial crisis in the European Union. The conclusion of the thesis to a certain degree includes the attutide of the Czech Government and the Czech National Bank towards the newly introduced arrangements.
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Great Britain – Renegade or Saviour of the European Union?
Fialová, Barbora ; Cihelková, Eva (advisor) ; Karpová, Eva (referee)
This work analyses development of economic and politic relationships of Great Britain with the European Communities (EC) and the European Union (EU) since the beginning of European integration till the contemporary debt crisis of the Eurozone. It deals with British European policies before and after Britain's accession to the EC and puts emphasis on British influence over negotiations about the main policies and institutional changes of the EC and EU, as well as on British internal views on European integration, first of all on often misunderstood British euroscepticism. From the analysis of historical and contemporary data author infers not only possible scenarios of the future relationship between the Great Britain and Europe, but also the influence of this member state on the development of the EU.
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Is Fine art a viable alternative investment?
Thomas, Vincent ; Štěrbová, Ludmila (advisor) ; Cunnac, Marie (referee)
This paper will study the Art market as an investment opportunity. We will forget about the artistic characteristics of the market (history of art, aesthetic, technic...) and focus only on the business and economic aspects of the market treating art works as tradable goods. Our goal will be to determine whether or not the art market would be a suitable investment vehicle, offering some interesting outlook to investment diversification. This paper will pay a closer look at the recent financial crisis period, trying to understand the mechanism which bonds the financial industry and the Art industry. This will be the key to introduce an investment portfolio including Art as an asset class for investment. Focusing on the performance of such portfolio we will give some further recommendation on how to reach a better than expected performance.
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Mechanisms of Crisis Transmission and Spillovers in the Conditions of the European Union
Sokolova, Vesela ; Stuchlíková, Zuzana (advisor) ; Žamberský, Pavel (referee)
The last global financial crisis spread from the United States of America to the rest oof the world is a result of interacting factors. On the real estate market there emerged a bubble which after boosting caused an economic decrease in most of the world economies. Global imbalances also contributed to different reactions of the single states on the coming crisis. Due to the membership in the European Union the impacts were transmitted tto the surrrounding state of the Union. The negative impacts were sufficiently and fast suppressed, in other countries, like in Greece or Ireland the impact was worsening of the already bad economy condition. The thesis analyses the spillover and transfer of the crises to the EU through the trade channel and it's further spread among the EU. The goal of the thesis is to discover the main causes of the different immpact on the single economies in the EU and to analyse the mutual affecting considering sharing one currency.There is an outline for a possible measure for future cases of occurrence of similar crises considering especially the membership in the European Monetary Union.
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