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Situation of Serbian Refugees from Croatia and Bosnia in Serbia (2002 - 2012): Case Study Grupa 484
Mádlová, Tereza ; Králová, Kateřina (advisor) ; Šístek, František (referee)
This work deals with Serbian refugees from Bosnia and Herzegovina and Croatia, who had gone to Serbia under the pressure of events taking place in the Balkans in the first half of the 90th years. Their number reached over 500,000. Initially, the state was paralyzed by internal social, political and economic problems. After 2000, the fall of Slobodan Milosevic's regime, the new government began to actively address the issue of refugees. They were looking for a concept that would best solve their situation. Finally in 2002, they found the way and defined the specific objectives of the government's in National Strategy for dealing with refugees and internally displaced persons. The returns to the country of origin that was expected to be the main solution did not accomplish according to plan, therefore, the government decided to focus on the integration of refugees into Serbian society. During the period 2002-2012 Serbia has managed to stabilize the situation and to drastically reduce the number of refugees. High influence should be admitted also to nonprofit sector. The paper pointed out this fact. Case study analyzes the activity of Grupa 484, which dealt with the issue of the refugees from the very beginning and its work has had an impact on the solution of the refugee situation in Serbia.
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Business Plan - Development Project of the Construction of Homes for the Elderly
Staňa, Marek ; Mládek, Josef (referee) ; Heralecký, Tomáš (advisor)
This bachelor thesis focuses on the development project, the construction of low-energy, passive houses for the elderly. The work compares and assesses the effectiveness of the investments from the investor's perspective, but also from the perspective of macroeconomics. The saving impact on the environment is also considered. The attention is also given to the used construction materials in terms of health and comfort of future customers of these buildings.
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Range-based volatility estimation and forecasting
Benčík, Daniel ; Baruník, Jozef (advisor) ; Krištoufek, Ladislav (referee)
In this thesis, we analyze new possibilities in predicting daily ranges, i.e. the differences between daily high and low prices. The main focus of our work lies in investigating how models commonly used for daily ranges modeling can be enhanced to provide better forecasts. In this respect, we explore the added benefit of using more efficient volatility measures as predictors of daily ranges. Volatility measures considered in this work include realized measures of variance (realized range, realized variance) and range-based volatility measures (Parkinson, Garman & Klass, Rogers & Satchell, etc). As a subtask, we empirically assess efficiency gains in volatility estimation when using range-based estimators as opposed to simple daily ranges. As another venue of research in this work, we analyze the added benefit of slicing the trading day into different sessions based on trading activity (e.g. Asian, European and American session). In this setting we analyze whether whole-day volatility measures reliably aggregate information coming from all trading sessions. We are led by intuition that different sessions exhibit significantly different characteristics due to different order book thicknesses and trading activity in general. Thus these sessions are expected to provide valuable information concealed in...
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Parliamentary Elections and the Stock Markets: Evidence from CEE countries
Bláhovec, Tomáš ; Štiková, Radka (advisor) ; Turnovec, František (referee)
The thesis deals with electoral and partisan cycles in stock returns of nine CEE countries and checks consistency of observed cycles with efficient market hypothesis. The evidence mostly supports possibility of political influence on stock markets, but the effects often have opposite sign than hypothesized. Electoral cycle has been found in Estonia and Hungary, while returns in four other countries are significantly lower before elections. Markets more often exhibit left-wing premium, it is significant in the Czech Republic, Lithuania and Romania. The results are similar between nominal and real returns. Both cycles are also considered significant for the panel of countries. Moreover, cycles are hardly explainable by macroeconomic conditions, which indicates market inefficiency. This is confirmed by analysis of volatility, which reveals that risk does not correspond to changes in returns induced by the cycles.
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Business Plan
Vidlák, Jiří ; Škoda, Martin (referee) ; Hanušová, Helena (advisor)
This bachelor’s thesis deals with business plan, which will focus on the creation of the company in the timber industry. The company will be founded as a small to medium enterprise and we will try to work on its functioning. In conclusion, the company should make a profit.
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