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The transition from IBORs to new benchmarks
Ratajová, Kateřina ; Polák, Petr (advisor) ; Čech, František (referee)
The manipulation of LIBOR (London Interbank O ered Rate) and other issues around the interbank o er rates have led to their replacement by overnight rates. Some interbank o ered rates ceased at the end of 2021. Thus, this thesis is devoted to observing their behavior, estimating their drivers, and comparing them. For analysis of the rates' drivers is used ARIMAX model, which is an ARIMA model extended by exogenous variables. The possible drivers are indexes, which indicate volatility, sensibility, financial stress, and liquidity. Among key findings of this thesis are that the European IBOR rates are more prone to market volatility, which explains the impact of the European stock index. Furthermore, Bloomberg's indexes of financial condition are a good indicator for both European IBOR rates as well as British pound LIBOR and SONIA. In the US, USD LIBOR reacts to a liquidity index, while SOFR to the volatility in the market. JEL Classification F33, F37, G15, G2 Keywords interbank rates, transition, financial conditions index, LIBOR Title The transition from IBORs to new benchmarks
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Hel. The Old Norse underworld and its mistress
Ratajová, Kateřina ; Starý, Jiří (advisor) ; Antalík, Dalibor (referee)
The Old Norse realm of the dead and its mistress are both called Hel. This paper attempts to reconstruct the conception of Hel current in the period of recording the extant texts, because a search for the original form of it necessarily reduces the sources on the basis of the speculation about Christian influence. The method here used is an analysis of texts and occurences of the word hel with respect to genre and context. The scaldic and Eddic poems are considered the most valuable thanks to the conservation caused by metric rules. The chapters deal with terms, location of the underworld, conceptions connected to the voyage to Hel and the sojourn there, which are aspects of the Old Norse Hel - both as a locality and a person.
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Hel. The Old Norse underworld and its mistress
Ratajová, Kateřina ; Antalík, Dalibor (referee) ; Starý, Jiří (advisor)
The Old Norse realm of the dead and its mistress are both called Hel. This paper attempts to reconstruct the conception of Hel current in the period of recording the extant texts, because a search for the original form of it necessarily reduces the sources on the basis of the speculation about Christian influence. The method here used is an analysis of texts and occurences of the word hel with respect to genre and context. The scaldic and Eddic poems are considered the most valuable thanks to the conservation caused by metric rules. The chapters deal with terms, location of the underworld, conceptions connected to the voyage to Hel and the sojourn there, which are aspects of the Old Norse Hel - both as a locality and a person.
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