National Repository of Grey Literature 191 records found  1 - 10nextend  jump to record: Search took 0.01 seconds. 
Negative interest rates as a monetary policy measure
Tvrdek, Filip ; Bič, Josef (advisor) ; Žamberský, Pavel (referee)
Bachelor thesis examines negative interest rates used as a monetary policy measure. In the first part, theoretic overview and description of current macroeconomic developments are provided, as well as reasons which led central banks to implement unconventional policy steps. In the main part of the thesis, possible effects of negative interest rate policy are presented and verified using the example of five economies - Sweden, Denmark, euro area, Switzerland and Japan. The final assessment states that negative interest rate policy brings mixed results with strong possible threats in the future.
Sovereign wealth funds - threat or benefit?
Šplíchal, David ; Žamberský, Pavel (advisor) ; Jedlinský, Jakub (referee)
This bachelor thesis focuses on sovereign wealth funds, which belong to important state investment entities. The main objective of the thesis is to assess the activity of sovereign wealth funds as a whole and assess, whether their activity is rather benefit or threat to economy. In the first part there is considered a genereal characteristic of sovereign wealth funds, particularly their definition, history and function. The second part aims at the assets of sovereign wealth funds, especially the volume, alocation and related strategy and objectives. Subsequently the thesis deals with current questions concerning sovereign wealth funds, namely potential threats and transparency. Lastly the thesis looks at impacts of investments of sovereign wealth funds on the countries and global economy.
Monetary policy Trilemma of CBRT in the context of economic and political development of Turkey
Daněk, Jakub ; Žamberský, Pavel (advisor) ; Hnát, Pavel (referee)
The aim of this thesis is to verify the validity of The Theory of Exchange Rate and The Theory of Monetary Policy Trilemma in the real environment and to analyze the effect of the trilemma on the monetary policy of the Central Bank of the Republic of Turkey. I chose Turkey as an object of research because of its economic, political and monetary policy development in the second half of the twentieth century and in the twenty-first century. This thesis consists of three chapters. The first chapter summarizes the theoretical framework related to the topic. In the second chapter, I describe and analyze the political and economic development of Turkey. In the third chapter, I verify the validity of the theories and analyze the relationships between macroeconomic variables using econometric methods and further evaluate these relationships based on the findings from the second chapter.
Comparison of the current development of the Chinese and Indian economy
Procházka, Jiří ; Žamberský, Pavel (advisor) ; Hasík, Gabriel (referee)
The goal of this bachelors thesis is to find the cause behind current uneven economic landscapes of China and India. I have achieved this goal through utilising comparative analysis. Through the analysis, I have determined that both economies developed in a similar fashion up until the 1960s. After this period I have compared the economic development of both countries until the end of the Indian transformation period in the year 1998. I focused on the transformational process of both countries, specifically the aspect of opening up of both economies to foreign trade and capital i.e. I compared their trade and investment policies. Via the content of these policies which I confront with the macroeconomic reality I determined their effectivity and I searched for key differences that are responsible for the current uneven economic state of the two countries. The main differences that I describe in the paper are the differences in sector structure (Indian focus on services as opposed to Chinese focus on manufacturing), opposite approaches to producer surplus and the execution of the transformational process (the aspect of opening up).
Economic diplomacy of China - OBOR initiative
Peštál, David ; Stuchlíková, Zuzana (advisor) ; Žamberský, Pavel (referee)
The aim of this thesis is to describe the new direction of economic diplomacy of China in the form of the OBOR initiative and its analysis in relation to Central Asia. The thesis will be divided into three chapters. In the first chapter I will define the theoretical concept of economic diplomacy. The second chapter will focus on China's economic diplomacy and the OBOR initiative, which is the core of this thesis. In the third chapter, the work will focus on the region of Central Asia, which is the core of the initiative and on the challenges and threats associated with the area.
The importance of sovereign wealth funds in the economy - the case of Singapore's Temasek
Pham, Tomáš Tuan ; Žamberský, Pavel (advisor) ; Jedlinský, Jakub (referee)
The aim of the bachelor thesis is to point out the importance of sovereign wealth funds in the economy. For this purpose was chosen Singapore's sovereign wealth fund Temasek. The theoretical part of this bachelor thesis deals with the characteristics of sovereign wealth funds in the context of state capitalism. The practical part uses analytical and synthetic methods for examining the role of Temasek in Singapore's economy and its impact on state-owned enterprises. The thesis focuses on examining the influence of Temasek on fiscal policy and on the Singapore's balance of payments.
Welfare state and indebtedness
Šnapka, Jakub ; Jiránková, Martina (advisor) ; Žamberský, Pavel (referee)
With respect to the eurozone debt crisis, the topics of public finance, chronic deficits of public budgets and sustainability of public debt came to the foreground of public debate. Due to that the discussions on legitimacy and sustainability of the welfare state in the form we know it today. In the discussions on public finance health, it is practically impossible to avoid the biggest public expenditures component, which, no doubt, the systems of social security, healthcare and other public services are. The thesis is dedicated to relationship of public indebtedness and public expenditures on welfare state of the old member states of the European Union. In three chapters, it analyzes theoretical grounds of welfare state and public indebtedness, public expenditures on welfare state and their influence on the public debt, influence of other budgetary components and ability of the state to collect taxes. The main question is whether countries which are spending relatively more on welfare state, are at the same time relatively more indebted.
Strengthening of the Chinese IT sector as a possible way from a middle-income trap
Pitnerová, Kristýna ; Stuchlíková, Zuzana (advisor) ; Žamberský, Pavel (referee)
This diploma thesis is focused on the issue of the middle income trap, in connection with the development of Chinese economy and information technology sector since the beginning of the 21st century. The first chapter defines the middle income and describes the characteristics of the middle income trap. The second chapter deals with the development of the Chinese economy, its challenges and describes the role of the Chinese government in research and development. The third chapter is concentrated on Chinese foreign mergers and acquisitions, which are the main tool for obtaining the lack of know-how and knowledge in the area of high-tech technologies. The fourth chapter describes specific development cases of selected Chinese manufacturers in the IT industry - Lenovo and Huawei. Based on the comparison of foreign acquisitions made by these two companies, the relationship between the approach to realization of the acquisition and the influence of the given mark on the global market has been demonstrated. The main aim of the thesis is to verify hypothesis of the strengthening the Chinese IT industry not only on the domestic market but also in the world, where is demonstrated that increased support in IT development is one of the possible ways of escaping the middle-income trap.
Ocenění akcií na kapitálových trzích
Melnyk, Dmytro ; Taušer, Josef (advisor) ; Žamberský, Pavel (referee)
In this paper, we examine the foremost valuation techniques and propose a target valuation of the publicly traded stock, swiss-based Ascom AG. The thesis consists of three parts and begins from the detailed review of the stock market, trading instruments and methods of equity valuation. Then we move beyond theoretical issues and continue with the updated valuation case, which has a practical implication. The main method used in valuation is the discounted cash flow (free cash flow to firm), supported by the relative valuation of a peer group of companies. The valuation is supplemented by the detailed financial model constructed in MS Excel. The final outcome of the valuation is 12 months target price of the valued company, while the final chapter emphasizes on the practical interpretation of the obtained results.
The impact of privatization on performance of companies and public opinion: evidence from Turkey
Çuhadar, Ebru ; Žamberský, Pavel (advisor) ; Procházková Ilinitchi, Cristina (referee)
Privatizations are always seen as a source of better performance results, better profitability and eventually, better social wealth. The present Master`s thesis seeks to show on the example of Turkey case that generally accepted privatization benefits may not always be reached under the influence of real politics and economic conditions. As a starting point, the theory of privatization and Turkey`s experience with it were carefully examined. For the empirical part, a two-segment analysis was made through a public survey and performance results of three privatized companies.

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