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The relationship between the European antitrust policy and national competition authorities
Bečičková, Hana ; Streblov, Pavel (advisor) ; Hrubý, Zdeněk (referee)
The main goal of this thesis is to compare the behavior and the institutional embedding of the national competition authorities of member countries of the EU and to assess the level of harmonization among them and in comparison to the institutions dealing with competition policy on the European level. The main contribution is a complex summary of the most important principles of competition policy functioning, the data collection and the construction of a simple competition policy harmonization index. By applying this index on a set of member countries, a high level of harmonization among the individual competition authorities was found. However, by comparing the results of the index for two non-member states, it is not possible to confirm the hypothesis of the membership in the EU being the only explication of the level of harmonization found.
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Sovereign Debt Crisis: An Opportunity to Redesign the EMU?
Bečičková, Hana ; Vávra, David (advisor) ; Dědek, Oldřich (referee)
This master thesis focuses on the assessment of the recent development in the Economic and Monetary Union (EMU) in the light of current sovereign debt crisis. The main goal is to reassess the alignment of business cycles within the EMU with the use of a simple semi- structural model in quarterly frequency and the Kalman filter, in order to examine the harmonization of the individual economies which is necessary for an efficient functioning of the monetary union. Moreover, an ex-post analysis of the fulfillment of the Optimum Currency Area criteria by the EMU area is performed. The results suggest that after more than a decade of the euro playing the role of common currency, the predictions of self- fulfilling convergence did not come true and that in the context of the asymmetric impact of the sovereign debt crisis, divergent tendencies arose in business cycle alignment, inflation differentials and in OCA index as well. JEL Classification: C39, C53, E12, E37, F15, F33 Keywords: Sovereign debt crisis, euro area, monetary union, business cycles alignment, OCA index Author's email: hana.becickova@gmail.com Supervisor's email: dvavraatog@gmail.com
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The relationship between the European antitrust policy and national competition authorities
Bečičková, Hana ; Hrubý, Zdeněk (referee) ; Streblov, Pavel (advisor)
The main goal of this thesis is to compare the behavior and the institutional embedding of the national competition authorities of member countries of the EU and to assess the level of harmonization among them and in comparison to the institutions dealing with competition policy on the European level. The main contribution is a complex summary of the most important principles of competition policy functioning, the data collection and the construction of a simple competition policy harmonization index. By applying this index on a set of member countries, a high level of harmonization among the individual competition authorities was found. However, by comparing the results of the index for two non-member states, it is not possible to confirm the hypothesis of the membership in the EU being the only explication of the level of harmonization found.
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Modeling South Africa
Cincibuch, M. ; Kejak, Michal ; Vávra, D. ; Auda, O. ; Aslanyan, Gurgen ; Baksa, D. ; Bečičková, Hana ; Daniš, P. ; Hřebíček, Hynek ; Janjgava, Batlome ; Kacer, R. ; Kameník, O. ; Konopecký, F. ; Lukáč, J. ; Mirzoyan, Armen ; Motl, Tomáš ; Musil, K. ; Plotnikov, S. ; Remo, A. ; Szilágyi, K. ; Vlček, J.
The report has two chapters. Chapter 1 describes the structural model lies at the heart of the FPAS. It summarizes the main features of the South African economy relevant for building the structural model and describes in detail the most distinctive parts of the model. The chapter concludes with an analysis of the model properties and an interpretation of past economic developments in South Africa through the optic of the model. Chapter 2 evaluates how the FPAS performs empirically. The forecasting power is assessed by in-sample comparison with the standard random-walk benchmark. We conclude that the FPAS performs satisfactorily in this comparison.
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Modeling Russia
Cincibuch, M. ; Kejak, Michal ; Vávra, D. ; Auda, O. ; Aslanyan, Gurgen ; Baksa, D. ; Bečičková, Hana ; Daniš, P. ; Hřebíček, Hynek ; Janjgava, Batlome ; Kacer, R. ; Kameník, O. ; Konopecký, F. ; Lukáč, J. ; Mirzoyan, Armen ; Motl, Tomáš ; Musil, K. ; Plotnikov, S. ; Remo, A. ; Szilágyi, K. ; Vlček, J.
The report has two chapters. Chapter 1 describes the structural model lies at the heart of the FPAS. It summarizes the main features of the Russian economy relevant for building the structural model and describes in detail the most distinctive parts of the model. The chapter concludes with an analysis of the model properties and an interpretation of past economic developments in Russia through the optic of the model. Chapter 2 evaluates how the FPAS performs empirically. The forecasting power is assessed by in-sample comparison with the standard random-walk benchmark. We conclude that the FPAS performs satisfactorily in this comparison.
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Modeling Myanmar
Cincibuch, M. ; Kejak, Michal ; Vávra, D. ; Auda, O. ; Aslanyan, Gurgen ; Baksa, D. ; Bečičková, Hana ; Daniš, P. ; Hřebíček, Hynek ; Janjgava, Batlome ; Kacer, R. ; Kameník, O. ; Konopecký, F. ; Lukáč, J. ; Mirzoyan, Armen ; Motl, Tomáš ; Musil, K. ; Plotnikov, S. ; Remo, A. ; Szilágyi, K. ; Vlček, J.
The report has two chapters. Chapter 1 describes the structural model which lies at heart of the FPAS. It summarizes the main features of the Myanmar economy relevant for building the structural model and describes in detail the most distinctive parts of the model. The chapter concludes with an analysis of the model properties and an interpretation of past economic developments in Myanmar through the optic of the model. Chapter 2 evaluates how the FPAS performs empirically. The forecasting power is assessed by in-sample comparison with the standard random-walk benchmark. We conclude that the FPAS performs satisfactorily in this comparison.
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Modeling Moldova
Cincibuch, M. ; Kejak, Michal ; Vávra, D. ; Auda, O. ; Aslanyan, Gurgen ; Baksa, D. ; Bečičková, Hana ; Daniš, P. ; Hřebíček, Hynek ; Janjgava, Batlome ; Kacer, R. ; Kameník, O. ; Konopecký, F. ; Lukáč, J. ; Mirzoyan, Armen ; Motl, Tomáš ; Musil, K. ; Plotnikov, S. ; Remo, A. ; Szilágyi, K. ; Vlček, J.
The report has two chapters. Chapter 1 describes the structural model which lies at the heart of the FPAS. It summarizes the main features of the Moldovan economy relevant for building the structural model and describes in detail the most distinctive parts of the model. The chapter concludes with an analysis of the model properties and an interpretation of past economic developments in Moldova through the lens of the model. Chapter 2 evaluates how the FPAS performs empirically. The forecasting power is assessed by in-sample comparison with the standard random-walk benchmark. We conclude that the FPAS performs satisfactorily in this comparison.
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Modeling Kyrgyzstan
Cincibuch, M. ; Kejak, Michal ; Vávra, D. ; Auda, O. ; Aslanyan, Gurgen ; Baksa, D. ; Bečičková, Hana ; Daniš, P. ; Hřebíček, Hynek ; Janjgava, Batlome ; Kacer, R. ; Kameník, O. ; Konopecký, F. ; Lukáč, J. ; Mirzoyan, Armen ; Motl, Tomáš ; Musil, K. ; Plotnikov, S. ; Remo, A. ; Szilágyi, K. ; Vlček, J.
The report consists of three chapters. Chapter 1 - Introduction is concluded with a short description of Kyrgyz economy and some of the stylized facts. The report continues with two chapters. Chapter 2 describes the structural model which lies at the heart of the FPAS. It summarizes the main features of the Kyrgyz economy relevant for building the structural model and describes in detail the most distinctive parts of the model. The chapter concludes with an analysis of the model properties and an interpretation of past economic developments in Kyrgyzstan through the lenses of the model. Chapter 3 evaluates how the FPAS performs empirically. The forecasting power is assessed by in-sample comparison with the standard random-walk benchmark. We conclude that the FPAS performs satisfactorily in this comparison.
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Modeling Kazakhstan
Cincibuch, M. ; Kejak, Michal ; Vávra, D. ; Auda, O. ; Aslanyan, Gurgen ; Baksa, D. ; Bečičková, Hana ; Daniš, P. ; Hřebíček, Hynek ; Janjgava, Batlome ; Kacer, R. ; Kameník, O. ; Konopecký, F. ; Lukáč, J. ; Mirzoyan, Armen ; Motl, Tomáš ; Musil, K. ; Plotnikov, S. ; Remo, A. ; Szilágyi, K. ; Vlček, J.
The report has two chapters. Chapter 1 describes the structural model lies at the heart of the FPAS. It summarizes the main features of the Kazah economy relevant for building the structural model and describes in detail the most distinctive parts of the model. The chapter concludes with an analysis of the model properties and an interpretation of past economic developments in Kazakhstan through the optic of the model. Chapter 2 evaluates how the FPAS performs empirically. The forecasting power is as- sessed by in-sample comparison with the standard random-walk benchmark. We con- clude that the FPAS performs satisfactorily in this comparison.
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