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Concentration of the banking sector. How it is measured, its development, causes?
Putryk, Maria ; Dočkal, Dalibor (advisor) ; Zemplinerová, Alena (referee)
Abstract The theme of my bachelor's thesis is devoted to the concentration of the banking sector. Due to the fact that banks represent external financial source to the industries and firms concentration in the banking sector can significantly influence the size and number of firms in the market and have an impact on the overall economical situation in that area. To illustrate this situation I will introduce two different theories: the first one suggests that banks prefer their old customers with who they already have a well established relationship, and the second one suggests that banks prefer new firms which are just entering the market. The question of the optimal bank size has an important place in my work. I will mention the conditions under which mergers and acquisitions are approved by antitrust authorities. The reasons that lead financial institutions to merge will also be discussed, as well as the benefits and disadvantages connected with it. And to make the topic more complete I will examine the relationship between bank profits and concentration of the banking sector.
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The function of money in business cycle theory
Smejkal, Tomáš ; Janíčko, Martin (advisor) ; Svoboda, Miroslav (referee)
This bachelor thesis is dealing with the topic money and especially emphasizing its function in business cycles. An ambition of this thesis is to resolve dilemma if money, as an important instrument in the real economy, can influence the fluctuation of economy. This thesis is based on the comparison of two distinct schools of economic thought- Post Keynesian and Austrian school. Both approaches despite different opinion on creation and function of money refuse the theory of money neutrality. The phenomenon of deflation is regarded equally from both schools, but Post Keynesian approach, which comes from a work of Irving Fisher, emphasizes negative impact of real debt increment on economy. On the other hand, Austrian School is aware of the unavoidable nature of deflation as a result of boom period, but by avoiding deflation the healing process in economy would be significantly slowed down. Thesis is then focusing on examination of allocation mistakes among individuals. Individuals are making mistakes, but Austrian theory demands further explanation of systematic framework of these mistakes. This view is applied on Minsky's financial instability hypothesis and institutional structure with emphasis on risk and creation of financial instruments. Last stadium of analysis is dealing with particular character of money supply. The Austrian perspective is discussed with reference to Post Keynesian theory of endogenous money and consequent repercussions for Austrian business cycle theory are highlighted. Even in the case that endogenous money theory infirm some of the aspects of Austrian cycle theory the methodological conflict occurs. On the basis of these particular comparisons the conclusion will try to decide if the business cycle is inherently present in every economy or if it is mainly caused by state interferences.
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Impact of the Current Crisis on Economy of Great Britain
Šmahlíková, Eva ; Jeníček, Vladimír (advisor) ; Abrhám, Josef (referee)
The thesis focuses on the impact of the current global financial and economic crisis on economy of United Kingdom of Great Britain and Northern Ireland. The aim of the thesis is to assess the impact on the economy as a whole as well as on selected sectors. The first part introduces the causes and timeline of the crisis. The thesis then concetrates on the macroeconomic impact of the crisis on Great Britain, i.e. economic output, labour market, public finance, price development and balance of payments. The effect of the crisis on the construction industry and banking sector is analysed in the second part of the thesis. The final part aims to assess the measures of British government and central bank introduced during the crisis.
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Tools for deepening customer loyalty in the banking sector
Svobodová, Zdeňka ; Postler, Milan (advisor) ; Vostrý, Jaromír (referee)
This diploma thesis deals with loyalty and tools which could deepen the loyalty of customers. The thesis provides theoretical background of the theme and outlines essence of the customer loyalty for consequent proposition of tools for its creation. At the beginning of this thesis the conception of loyalty is supported by basic facts of marketing theory, e.g. marketing communication, marketing mix and brand. The thesis continues with essence of loyalty, aspects of loyalty, its drivers, possibilities of satisfaction and loyalty meassurement and effects of loyalty with focus on banking sector. Further this part defines the banking sector, specifics of banking product and developement trends in banking. Partially the influence of current economical crisis on customer loyalty is taken into account. Practical part is focused on description and practical examples of each tool which extends customer loyalty to bank institution in Czech republic and abroad as well. Tools are divided by marketing mix elements according to prevalent characteristics corresponding with the given element. Next are mentioned suggestions to proposition of new loyalty program. The thesis set 3 possible ways of future developement of customer loyalty creation.These ways are focus on simple program resembling to sales promotion, complex program creating real customer loyalty and focus on soft elements (e.g. service quality and pleasant surrounding). At the conclusion is given recommendation for future developement of customer loyalty creation in Česká spořitelna.
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Impact of world finance crisis upon Czech banking sector
Dušek, Ondřej ; Burgerová, Jiřina (advisor) ; Ježek, Tomáš (referee)
The objective of this paper is to explain why the Czech banking sector has not been affected by the global financial crisis as seriously as in other countries. In the first part of my work I describe the theory of financial crisis. I also describe the development of financial crisis models from 1970's until present. The following section focuses on the global financial crisis, which started in 2007 on the american subprime market. This paper describes the causes of its start and the means of spreading to the other parts of financial sector worldwide. The last section introduces Czech banking sector through basic financial indicators, its strength and stability.
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Banking sector of Kazakhstan
Pak, Anastassiya ; Tuček, Miroslav (advisor)
The aim of thesis was to introduce Kazakhstan's banking sector. The work is divided into three main parts. The first part inlcludes brief characteristics of the Kazkhstan's financial sector, the second part describes banking development in Kazakhstan, central bank and commercial banks' activities, risk management methodology, financial market supervision authority. The last part deals with global crisis and the way it has affected Kazakhstan's banking sector.
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Causes of the Great Depression in the United States
Langer, Petr ; Písař, Pavel (advisor) ; Doležalová, Antonie (referee)
Bakalářská práce je zaměřena na příčiny a vznik deprese ve 30. letech 20. století v USA. V práci je nejdříve rozebrán společenský, politický a hospodářský vývoj ve 20. letech. Dále je v práci rozebráno,jaký mělo na Velkou depresi vliv založení Federálního rezervního systému roku 1913 a následný boom dvacátých let.V práci je objasněno, proč deprese trvala tak dlouho a názory na její příčiny z pohledů významných ekonomů.
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Consolidation process in banking industry of European Union
Hrádelová, Jana ; Půlpánová, Stanislava (advisor)
The object of this work is consolidation of banking sector situated in the area of European Union, where this trend had began in 1980-1990s. From the breakthrough of millenniums till the present times, it has become intense and actual also because of new factors, which are connected with this period: massive technical development of IT and lasting integration efforts plus enlarging of the EU banking sector by new member states. Consolidation can happen in different manners, which vary in motivating forces and consequently in final effects. These effects do not influence only the merging subjects but also different parts of market and its competitiveness. So the consolidation process is under surveillance of concerned authorities and commissions of EU, which tackle the problems of legal matters.
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Privatization of big Czech banks
Bučko, Ján ; Ježek, Tomáš (advisor) ; Burgerová, Jiřina (referee)
The Graduate Theses is describing a way of how banking worked in Czech Republic before the year 1989. It discusses changes which has Czech banking undergone ten years afterwards. It describes the period of founding both foreign and domestic financial institutions. The thesis analyses contribution of presence of foreign banks, occurring problems of small domestic banks and hegemony of four half-state owned banks. At the same time it discusses the coupon privatization from the view of occurring effects in banking sector. In connection to this, it does not leave out existence of capital cohesion in between the banks. Thereinafter the graduation paper deals with measuring of concentration with Herfindahl-Hirshman's index, in order to clearly confirm specific, Czech banking environment, with existence of four large banks and lots of small and middle-sized banks. The main goal of thesis was to focus on strategic privatization of four large banks. It analyses given topic from the point of costs which occurred with delay of privatization, and it creates a question about timing of privatization. Every bank is analyzed in this way from the beginning of nineties till the sale to a strategic investor.
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