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Financing of small and medium-sized enterprises
Zhuravleva, Iana ; Rajl, Jiří (advisor) ; Galuška, Jiří (referee)
The subject of this bachelor thesis is the financing of small and medium-sized enterprises focusing on issues of financial management of entrepreneurial subjects and identification of business risks related to financial management. The work contains theoretical and practical parts. The theoretical part is comprised of three chapters and is aimed at deepening the theme of small and medium-sized enterprises financing and linking the topic with the concept of risk. The practical part deals with the analysis of business risks of a selected company and the design of recommendations for its reduction.
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Price comparison websites in insurance
Šľachtová, Petra ; Ducháčková, Eva (advisor) ; Galuška, Jiří (referee)
The aim of my Bachalor thesis is to analyze and assess the role of online comparison websites in the field of insurance on Czech and Slovak market. In the first chapter I focus on distribution of insurace products and I describe direct and indirect distribution channels. In the second chapter I characterize online comparison websites and their advantages and disadvantages. I examine the offer of chosen websites functioning on Czech and Slovak insurance market. By using my own questionare I study how often and why people use online comparison websites. In the last chapter I look at the possible impact of comparison websites on the insurance market. I base this mostly on experiences from the Great Britan where online comparison websites have been big player for a while. In the end of my thesis I explore how comparison websites might envolve in the future and how they can with other technological start-ups influence distribution of insurance products.
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Vývoj cen nemovitostí v Londýně
Svoboda, David ; Cibulka, Jakub (advisor) ; Galuška, Jiří (referee)
The subject of this bachelor thesis is to analyze London residential housing market in the period of time from 1995 to 2016. In the first part of the thesis the emphasis is put on the definition of theories related to the topic. It includes the reasons why house prices are worth measuring. Another point of the theory are the economic fundaments which influence the house prices. The main topic and result of this bachelor thesis is a deep analysis of the development of house prices in London. Based on the analysis, in the conclusion, it is enabled to evaluate the stability of the market. It is particularly the problematics of high house prices and affordabulity, which is solved in this document. These topics have become increasingly popular in London, recently. The work concentrates data from many fields, which affect developments housing markets, in one document. Thanks to it, the work provides comprehensibly processed data from statistical authorities such as HM Land Registry or Office for National Statistics including useful comparisons of important fundamentals.
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Analysis and Influences of Fundamental news on Gold Prices
Kubaštová, Magdaléna ; Fičura, Milan (advisor) ; Galuška, Jiří (referee)
This master thesis, Analysis and Influences of Fundamental news on Gold Prices deals with macroeconomic variables that drive the price of gold. This paper is divided into three chapters: Possible investment forms in gold, Fundamental analysis of commodities, and lastly Analysis of impact of strong economies and their influence on gold prices. In the first chapter, emphasis is put on the Efficient Market Theory that plays an important role in success or failure of investment strategies such as technical and fundamental analysis. The second chapter illustrates the Commitment of Traders (COT) report and how it is used as a tool to predict the movement of gold prices. This chapter also discusses other large drivers effecting gold prices such as financial and geopolitical stability, inflation, interest rates, Central Banking operations, the value of the US dollar, and other influences. The final chapter analyzes the impact of announced fundamental news in the United States, China, and Europe on the price of gold. The empirical part of this paper analysis the impact of announced fundamental news in United States, China and Europe on gold prices. With the use of the linear regression method, we can test whether the macroeconomic variables significantly influence the return on gold investments immediately after their announcement, or over long periods of time. If this new public data was calculated into gold prices directly, investors would not be able to achieve additional returns by using fundamental analysis. The major findings are summed up at the end of the last chapter.
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Intake vortex modeling
Galuška, Jiří ; Kozák, Jiří (referee) ; Rudolf, Pavel (advisor)
This paper covers information research of basic design rules of industrial wet sumps. It describes mathematical models of vortices and method for their identification and visualization. Then the author focuses on CFD modeling of surface vortices with single phase and multiphase approach with Volume of Fluid method. Basic principles of multiphase CFD modelling in OpenFOAM and ANSYS Fluent are given. Description and benchmarking of suitable turbulence models is also present. The single phase and multiphase approach were successfully validated for a simple test case of bathtub surface vortex. Satisfactory agreement with experimental data was achieved. The accuracy and behavior of both solvers were compared between each other. This gives us useful tool for evaluation of inflow condition and danger of surface vortex occurrence in wet sumps. The acquired knowledges were used to design an experimental test case with geometry similar to industrial wet sump. A map of surface vortex occurrence has been created for different operating points. One of the operating point has been used for numerical simulation (both single phase and multiphase). Partial agreement with experimental observation has been achieved.
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Regulation of Derivatives Contracts
Růžek, Lukáš ; Husták, Zdeněk (advisor) ; Galuška, Jiří (referee)
This diploma thesis deals with the legal regulation of derivatives contracts with respect to their economic nature. It provides a detailed view on the legislation regulating derivatives contracts in the legal order of the Czech Republic. Considering the interconnection of local derivatives markets, this diploma thesis pays attention to the legal regulation and standardization of derivatives contracts in foreign countries and at the international level. The first part of this thesis describes basic features of derivatives and proposes their typology. The aim of the following part is to evaluate the contemporary legal regulation of derivatives contracts in the Czech Republic. The rest of this thesis elaborates on foreign and international legal regulation of derivatives contracts. The main goal of this diploma thesis is to evaluate present the state of the regulation of derivatives contracts in the Czech Republic, asses to what degree it reflects their economic nature, and eventually, propose legal changes.
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Analysis of the development of the Cypriot banks in years 2010–2016
Alexandridisová, Julie ; Dvořák, Petr (advisor) ; Galuška, Jiří (referee)
This master thesis is based on analyses of the Cypriot banking sector from 2010 to 2016. The aim is to describe the effects of the recent financial crisis in Cyprus to locally operating banks, to assess the assistance provided to Cypriot banks and especially to analyze the development of systemically important Cypriot banking institutions, namely the Bank of Cyprus Group, Cooperative Central Bank, Hellenic Bank and RCB Bank Ltd with emphasis on the most important banking institution in Cyprus. The work draws mainly from published financial results of the systemic banks and from the Central Bank of Cyprus representing the consolidated banking sector. Furthermore, for the purpose of this study was used the Eurostat database, EBA and the IMF periodicals, along with the websites of the credit rating agencies.
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The development of banking system in Ukraine during the crisis of 2014-2015
Andrianova, Anna ; Dvořák, Petr (advisor) ; Galuška, Jiří (referee)
In my thesis I analyse the development of the banking system of Ukraine and the assessment of the concentration level of the banking system in conditions of crisis 2014-2015. The theoretical part is devoted to classification and causes of the banking crisis; also, it describes the historical aspects of crisis formation in Ukraine. The practical part is focused on the evaluation of the financial security level and macroeconomic situation in Ukraine. This part emphasises problems and the specifics of functioning of domestic banks. In addition, it considers the concentration level of the banking market. The analysis performed shows that the banking crisis is the result of accumulated macroeconomic imbalances of the past and present mistakes in the implementation of anti-crisis policy. Currently the efficient functioning of most domestic banks remains at insufficient level.
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Characteristics of demand for health insurance for foreigners
Nesterova, Svetlana ; Ducháčková, Eva (advisor) ; Galuška, Jiří (referee)
The aim is to define the characteristics of the demand for the selected financial product (health insurance for foreigners) in the Czech Republic. The first research question in this thesis is: what factors determine and affect demand for the selected financial product. Another question is: what characteristics have customers which prefer different types of health insurance. To find answers to these questions was analyzed czech market of commercial health insurance for foreigners based on secondary sources (websites of insurance companies, articles and statistics related to the topic, etc.) and based on primary sources (survey of foreigners). The result is a characteristic of supply and demand on the czech commercial health insurance market, the profiling of each customer segment, identifying current trends in demand. This work uses the following methods: analysis, synthesis, description, literary survey, questionnaire.
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Behavior of bonds conditioned by negative interest rates
Biljakov, Nik ; Stádník, Bohumil (advisor) ; Galuška, Jiří (referee)
Current economic situation is characterized for deflation and low inflation, low economic growth, and low or negative interest rates, which lead to phenomenon of issuing governments bonds with negative yield. The main goal of this work is to understand the valuation and behavior of bonds with condition of negative interest rates, analyze impacts of negative rates on volatility of bonds. This work also compares the behavior of negative yields of bonds in contrast with positive yields. The contribution of this work consists in the critical evaluation of limitations of the formula for calculating the bond price to fulfill its role if the values of negative interest rates are too low.
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