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Essays on Political Distortions in Banking and the Real Economy
Mamonov, Mikhail ; Slavík, Ctirad (advisor) ; Beck, Thorsten (referee) ; Nitsch, Volker (referee)
Politics brings numerous distortions into the work of the banking system and the real economy. This Thesis explores how political distortions affect bank lending decisions, impact the real decisions made by firms borrowing from "politically distorted" banks, and change the overall shape of the macroeconomy. The first chapter studies the impacts of global financial sanctions on banks and their corporate borrowers in Russia at the micro level. It establishes that the overall effect of sanctions consists of a combination of large negative anticipation effects (intended) and large positive added-value effects (unintended), which completely offset each other. The second chapter takes a macroeconomic perspective to examine the effects of sanctions on key aggregated indicators including GDP, consumption, and investment, and then explores cross-sectional variations of those effects in samples of firms and households. It shows that the sanction announcements in 2014-2015 were actually very potent: the underlying sanctions may have led to a GDP decline of 3.2%, not 0 to 1.5% as found in previous literature. The third and fourth chapters analyze a "parallel" political distortion in Russia in the 2010s-a large-scale bank closure policy initiated by the Central Bank of Russia six months before the sanctions...
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Influence of surface morphology on fatigue behavior of metastable austenitic stainless steel AISI 347 at ambient temperature and 300°C
Smaga, M. ; Skorupski, R. ; Mayer, P. ; Kirsch, B. ; Aurich, J. C. ; Raid, I. ; Seewig, J. ; Man, Jiří ; Eifler, D. ; Beck, T.
The effect of surface modification by cryogenic turning on fatigue behavior of metastable austenitic stainless steel AISI 347 was investigated in stress-controlled fatigue tests at ambient temperature (AT) and 300 °C in air. Five different surface morphologies were manufactured by the variation of turning parameters. Surface and near surface morphology were comprehensively characterized by various experimental techniques. The experimental data on the cyclic deformation behavior, stress-strain response and fatigue life for all surface morphologies are reported.
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Settlement from the late Bronze Age in Prosmyky
BECK, Tomáš
The thesis reports on processing and follow-up interpretation of the results of excavation, performed in the Lovosice-Prosmyky locality by Mgr. Blažek from the Institute of Archaeological Monuments Preservation of North-West Bohemia in Most. Based on ceramic artefacts, skeleton findings, monolithic floor finish and stone artefacts the dating and partial inclusion into a wider framework of the locality in question was performed. All results were compared with those in other selected Bohemian localities. Illustrations and schematic diagrams as well as photographs and detailed ceramic artefacts database are enclosed hereto.
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Settlement from the late Bronze Age in Prosmyky
BECK, Tomáš
The thesis reports on processing and follow-up interpretation of the results of excavation, performed in the Lovosice-Prosmyky locality by Mgr. Blažek from the Institute of Archaeological Monuments Preservation of North-West Bohemia in Most. Based on ceramic artefacts, skeleton findings, monolithic floor finish and stone artefacts the dating and partial inclusion into a wider framework of the locality in question was performed. An archeo-zoological investigation has also been performed. All results were compared with those in other selected Bohemian localities. Illustrations and schematic diagrams as well as photographs and detailed ceramic artefacts database are enclosed hereto.
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