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Risk Analysis of Selected Cryptocurrencies in Personal Finance
Strouhal, Tomáš ; Stroukal,, Dominik (referee) ; Karpíšek, Zdeněk (advisor)
This diploma thesis deals with cryptocurrency’s risk regarding other investment opportunities, such as funds. The aim of the work is to present a simple indicator of risk and reward in order to place cryptocurrencies in the context of other investments. First, selected cryptocurrencies are described, then their characteristics are compared with the funds. Synthetic risk and reward indicator is used as a tool to compare risk and reward of cryptocurrencies with the funds. This indicator is modified to match the cryptocurrency’s characteristics and still have a narrative value. After this modification, it is used to calculate the risk and reward of the S&P 500, Allianz Global Artificial Intelligence, Binance Coin, Bitcoin, Cardano, Ethereum, Solana, Tether, USD Coin and XRP. The results show that the original range of the indicator is insufficient given the higher volatility of cryptocurrencies, which it is unable to reflect. Conversely, the adjusted indicator is already very good at calculating with higher volatility in cryptocurrencies and assigning them to a higher risk class.
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Risk Analysis of Selected Cryptocurrencies in Personal Finance
Strouhal, Tomáš ; Stroukal,, Dominik (referee) ; Karpíšek, Zdeněk (advisor)
This diploma thesis deals with cryptocurrency’s risk regarding other investment opportunities, such as funds. The aim of the work is to present a simple indicator of risk and reward in order to place cryptocurrencies in the context of other investments. First, selected cryptocurrencies are described, then their characteristics are compared with the funds. Synthetic risk and reward indicator is used as a tool to compare risk and reward of cryptocurrencies with the funds. This indicator is modified to match the cryptocurrency’s characteristics and still have a narrative value. After this modification, it is used to calculate the risk and reward of the S&P 500, Allianz Global Artificial Intelligence, Binance Coin, Bitcoin, Cardano, Ethereum, Solana, Tether, USD Coin and XRP. The results show that the original range of the indicator is insufficient given the higher volatility of cryptocurrencies, which it is unable to reflect. Conversely, the adjusted indicator is already very good at calculating with higher volatility in cryptocurrencies and assigning them to a higher risk class.
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Development of regional press in Žatec region after 1989
Stroukal, Dominik ; Köpplová, Barbara (advisor) ; Krejcar, Robert (referee)
This paper describes and analyses in the context of media theory, particularly the theory of transformation and the regional journalism theory, the development of regional press in Žatec region after the revolution in 1989. The paper briefly describes the situation of the press in the Žatec region before 1989 and focuses on media theory. In following parts is comprehensively described the development since 1989, periodicals are described and their history is presented. In conclusion, periodicals are comprehensively analyzed. It is shown that, despite media theory, there is no monopolization and centralization of the press in Žatec region, on the other hand, commercialization is present. Finally, the post-revolutionary development is analyzed in relation to the political situation and it is shown that political developments have had a major impact on the starts, ends and contents of the periodicals.
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Altruism in economics: Does purely unselfish altruism exists?
Tobiášová, Magdaléna ; Stroukal, Dominik (advisor) ; Chytilová, Helena (referee)
The thesis deals with altruism and searches for the existence of its purely unselfish form in economic theory by exploring the motives of altruism and works with the hypothesis that all altruistic behavior is motivated by altruists own utility. It focuses primarily on the economic theory of altruism and the blending of neoclassical economics, which deals with the rational behavior of economic subjects with the definition of altruism as irrational behavior. To develop the phenomenon of altruism from the point of view of economic theory, it also deals with altruism in the theory of games. This alternative approach describes altruism as reciprocal behavior and accesses it through relational goods.
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The impact of standard of living on housing construction in regions in the Czech Republic
Sochorová, Aneta ; Stroukal, Dominik (advisor) ; Cingl, Lubomír (referee)
This thesis analyzes determinants of housing construction in regions in the Czech Republic. The main research question is the impact of standard of living on housing construction. The living standard is expressed in terms of net disposable income per capita and housing construction represents the number of housing starts. Other determinants included to the model estimation are rate of unemployment, housing price and number of mortgage. Analysis works with the panel data from period 2005- 2015 and all variables are used in the logarithmic form with one year lag. The model is estimated by random effects model. The assumption about positive impact of living standard on housing construction is not confirmed, because of the statistical insignificance of variable net disposable income. In case of other variables expected effects are confirm. The increases in rate of unemployment and housing prices have the negative impact on housing construction. And opposite the number of mortgage has positive impact on housing construction.
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Ronald Coase by rád Bitcoin? Jak Blockchain snižuje náklady na transakci a mění koasijskou firmu
Kaid, Amira ; Stroukal, Dominik (advisor) ; Prokop, Jaromír (referee)
The rising popularity of blockchain technology otherwise known as the technology that underlies the Bitcoin protocol has been the subject of a lot of investigation and enthusiasm among financial organizations for its potentially revolutionary properties that will likely change how the economy works in the future. The blockchain is a decentralized open source ledger that records bitcoin transactions and is maintained by a distributed network of miners. Blockchain technology however has many applications beyond currency and can be applied in various areas including the firm organizational structure and law. This thesis examines how blockchain technology would lower the transaction costs involved in organizing the firm and how it would thus change the role of the firm. Coase (1937) in his article (The Nature of the Firm) explained that firms exist and continue to operate in a hierarchal manner because of the transaction costs that are involved in using the market mechanism. This paper also examines how the blockchain would lower the transaction costs of resolving disputes through carrying out market transactions that were mentioned by Coase (1960) in (The Problem of Social Cost). In order to achieve this aim Coases framework is used to theoretically model a future firm and legal system which are blockchain-based and that use bitcoin in their transactions. The results indicate that blockchain technology would reduce the transaction costs pointed out by Coase in such a way that it would cause the firm to become less hierarchal in nature and would allow it to adopt a more inclusive and distributed management system. Similarly in the case of law the transaction costs would fall making it easier for parties to resolve their disputes using the market mechanism instead of having to rely on a central authority.
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Can we still call OPEC a cartel?
Ali, Dalia ; Stroukal, Dominik (advisor) ; Prokop, Jaromír (referee)
This paper raises the question whether OPEC actually acts like a cartel, given the fact that there were many controversy surrounding the organization due to its coordination failures, which resulted to an oil glut between 2014-2016. Consequently, the oil industry experienced a dramatic decline in oil prices due to the oil surplus. A comparison was made between OPEC's allocated quotas, and its actual oil production to investigate whether the members of the organization adhere to the assigned quota, to achieve highest possible prices.
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Bitcoin: Media Portrayal of a Cryptocurrency
Keprtová, Tereza ; Stroukal, Dominik (advisor) ; Huněk, Filip (referee)
The main aim of this diploma thesis is to find out how the Czech printed media face relatively new and complex phenomenon that emerged in the monetary sphere - virtual currency bitcoin. Through the means of quantitative content analysis, all printed titles showing relevant references to bitcoin between the years 2009 and 2016 were examined. The thesis is divided into several chapters. The theoretical part contains different media concepts dealing with the agenda-setting, the creation of a media portrayal and the construction of social reality through mass media. From a theoretical point of view, the cryptocurrency bitcoin was also subject for detailed analysis. The following methodological part of the thesis introduces the main objective of research, research questions and research design. The analytical part provides a clear overview of the results obtained, then interpreted and compared with predetermined hypothesis. The overview of collected findings about the media image of the virtual currency bitcoin in the Czech press are summarized in the conclusion. The thesis is the first paper to deal with the issues of the virtual currency bitcoin from the point of view of media discourse in the Czech Republic, and its ambition was to gather completely new information on this topic.
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Predicting Using of Social Networking Services Based on Using other Media
Stroukal, Dominik ; Jirák, Jan (advisor) ; Nečas, Vlastimil (referee)
This work based on regression analysis and analysis using uses and gratification theory at the sample of 146 students opens the relationship between the use of online social networks and other media. Analysis comes up with results inconsistent with the theory of niche. The wider are the gratifications provided by online social networks and the wider are their gratification opportunities, the less they were used or not used more. It is also shown that there is a positive relationship between the number of dimension in which the internet social networks compete with other media and a usage of internet social networks. A major conclusion of this work is a negative relationship between the use of online social networks and all other media, including traditional media, with the exception of computer games. A negative relationship against expectations was found between online social networks and online news sites. In addition to these findings some interesting relationships between the use of online social networks and personal characteristics of their users were shown. There is no effect of age, gender or grade point average. Positive effect, however, was found for semester of studies and negative effect of having a job.
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Development of regional press in Žatec region after 1989
Stroukal, Dominik ; Köpplová, Barbara (advisor) ; Krejcar, Robert (referee)
This paper describes and analyses in the context of media theory, particularly the theory of transformation and the regional journalism theory, the development of regional press in Žatec region after the revolution in 1989. The paper briefly describes the situation of the press in the Žatec region before 1989 and focuses on media theory. In following parts is comprehensively described the development since 1989, periodicals are described and their history is presented. In conclusion, periodicals are comprehensively analyzed. It is shown that, despite media theory, there is no monopolization and centralization of the press in Žatec region, on the other hand, commercialization is present. Finally, the post-revolutionary development is analyzed in relation to the political situation and it is shown that political developments have had a major impact on the starts, ends and contents of the periodicals.
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