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Are more children being born during economic recessions? The example of the United States of America
Mihalko, Jan ; Stroukal, Dominik (advisor) ; Kovanda, Lukáš (referee)
The thesis focuses on the issue of individuals' preferences regarding the acquisition of a child during the business cycle expressed in unemployment rates for men and women. Fixed effects model involving robust estimates of standard deviations on a panel dataset tested for the period 1980-2012 confirmed the significance of the relationship between sex-specific unemployment rates and fertility rate of the United States of America. The results of the analysis show a negative relationship documenting pro-cyclical nature of the fertility. There is a less willingness of couples to conceive a child with the growth in unemployment. It does not show the prevalence of substitution effect of reducing opprtunity costs for women during the recession over the effect of reduction in income. Among other statistically significant variables that affect fertility belong the degree of attainment of university education, the poverty rate and abortion rate.
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Analýza kryptoměn jako finančních instrumentů
Bartoš, Jakub ; Stroukal, Dominik (advisor) ; Chytilová, Helena (referee)
This paper analyzes cryptocurrencies as financial instruments. Firstly, we introduced the main features of cryptocurrencies and summarized the brief history. We found out that price of the most famous cryptocurrency Bitcoin follows the hypothesis of efficient markets and it immediately react on publicly announce information. Furthermore, Bitcoin can be seen as standard economic good that is priced by interaction of supply and demand on the market. These factors can be driven by macro financial development or by speculative investors, but there weren't found any significant impact of these factors on price of Bitcoin. CAPM shows the high risk of cryptocurrencies, but it could be still good instrument for diversification.
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Gender differences in competitiveness in the case of distance runners in the Czech Republic
Kouklík, Jakub ; Stroukal, Dominik (advisor) ; Tříska, Dušan (referee)
Contemporary literature says that women are less competitive than men. In this thesis I find out if this is the case even in an environment of elite Czech distant runners. Statistical and econometric methods applied to the data from the years 2006-2013 reveal significant differences between the sexes across all distances from 1 500 meters to marathon. These are the highest in the longest distances when Czech men run marathons five times faster than Czech women. Furthermore, I show that the gender gap in competitiveness remains constant on the track races, but in the road racing is declining. And because the acceleration among women occurs primarily in the lower ranks of the elite, it is concurrently valid "biological-predisposition" hypothesis, which is based on a constant differences between men and women due to biological differences, and "economic-incentive" hypothesis, according to which the differences is decreasing due to increasing returns of success in the form of the same financial rewards for winning. Completely fastest women act according to the first-mentioned, next best female runners according to the second. Finally, I suggest that growing quantity of women in road races plays substantial role in the women's approaching to men.
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BANK NEXUS AS ONE OF THE TRANSMISSION CHANNEL OF THE FINANCIAL CRISIS TO LATIN AMERICA COUNTRIES AND THE ANSWER OF LOCAL GOVERNMENTS POLICY
Zezulová, Petra ; Stroukal, Dominik (advisor) ; Chytil, Zdeněk (referee)
The aim of this thesis is to answer the question of whether the bank nexus is one of the transmission channel of the latest financial crisis to developing countries. The global financial crisis of 2007-2009 affected the whole world, but they are countries that have been less affected than others, or vice versa they were able to respond to the crisis with better instruments of monetary and fiscal policy, such as the countries of Latin America, which had during the last crisis greater credibility than it was usual in other financial shocks before. First, the thesis illustrates the financial crisis, then the possible transmission channels. In the analytical part I will focus my attention primarily on the canal of bank bonds, which I'll explore using regression analysis to confirm or refuse whether these bank nexus influence strongly on the spread of the financial crisis in Latin America. Last but not least, I will summarize evidence of analysis and also government policy in these countries, which caused rapid economic recovery after the crisis.
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Valuation of commercial banks
Gasymov, Sabukhi ; Hrdý, Milan (advisor) ; Stroukal, Dominik (referee)
The diploma thesis is dedicated to the valuation of commercial banks. The work is divided into seven chapters. The first chapter deals with the specifics of commercial banks for valuation purposes. The second chapter is devoted to describing different valuation methods. The third chapter analyzes the characteristics of the selected bank. The fourth chapter deals with financial analysis and strategic analysis, and financial plan of the bank in other chapters. The last chapter is the heart of the work, where the selected bank is being valuated. The conclusion summarizes the issue.
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Quantifying the impact of change in state subsidy on number of building society contracts
Müller, Tomáš ; Stroukal, Dominik (advisor) ; Pichaničová, Ludmila (referee)
This bachelor thesis examines the impact of change in state subsidy on number of building society contracts in the Czech Republic. Regression analysis of time lines from the period between the year 2000 and the half of the year 2012 was used for the research. Freely available data and the data from database of the Ministry of Finance were used for the analysis. Based on the analysis, positive impact of change in state subsidy on number of contracts was proved; one-percent rise in state subsidy caused a rise of number of building society contracts by 396,743. GDP and the fourth quarter of calendar year were other factors that have proved positive impact on number of contracts. On the contrary, prolongation of contract minimum duration, growth of guaranteed interest rate, and issuance of government bonds proved to have had negative impact on number of contracts.
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Influence of income on self-reported health, an example of the Czech Republic
Hájková, Eva ; Stroukal, Dominik (advisor) ; Svoboda, Miroslav (referee)
This paper examines the relationship between personal income of individual and his self-reported health on ISSP data for the Czech Republic from the year 2012, based on the absolute income hypothesis. It has been discovered that a higher income is associated with better SRH, but because of the inability to clearly identify the direction of causality, it is only correlated. Higher education is also connected with better SRH, whereas the increasing age of individual means worse SRH. No difference in health between Czech men and women was found. Long-term ilness, recent helath problems, BMI and healthy lifestyle are also factors significantly affecting the subjective health of individual.
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Is there marriage premium for men in the Czech Republic?
Trnková, Adéla ; Stroukal, Dominik (advisor) ; Brožová, Dagmar (referee)
This paper examines if there is marriage premium for men in the Czech Republic by using cross-sectional data from WageIndicator survey for 2009 and 2010. This paper inquires whether it is possible to explain this premium by any of the existing theories. Marriage premium is estimated in the amount of 12 -- 15 %. The results do not seem to be in line with the productivity theory or the specialization theory. The theory of human capital accumulation has been proved. On the contrary, the discriminatory theory seems to be plausible explanation of this phenomenon.
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