|
|
Czech and Czechoslovak currency in economic and legal contexts
Maránek, Pavel ; Bažantová, Ilona (advisor) ; Hraba, Zdeněk (referee)
Czech and Czechoslovak Currency within Economic and Legal Context This diploma thesis is dedicated to currency throughout the whole history of Czechoslovakia. Currency and its legal definition is a very important question not only for country's economy but also for each individual in the society. Above all, the phenomenon of monetary reforms, which have been mentioned very frequently by my grand-parents within the context of monetary reform put into life in 1953, encouraged me in seeking to discover some aspects concerning these reforms and currency as a general term. As the legal definition of the currency is a crucial element having impact on the whole country's economy, this thesis aims at proving the positive impact of sound currency legal definition on the economic development in particular historical periods of Czechoslovakia. Furthermore, the thesis intends to create methodical description of valid currency in its material shape, emphasizing the legal definition of particular means of payment. This task's core can especially be found in the supplements. The thesis also describes basic historical and politico-economical frame as well as the institutional definition, putting stress on the monetary-political area and above all the monetary reforms. Chapter One outlines the nascence of...
|
|
|
Economic and legal aspect of money laundering
Dongres, Miroslav ; Hraba, Zdeněk (advisor) ; Bažantová, Ilona (referee)
v anglickém jazyce Economic and legal aspect of money laundering Miroslav Dongres The UN defines it as "Money laundering is a process which disguises illegal profits without compromising the criminals who wish to benefit from the proceeds". Money laundering is a dangerous activity. Funds that pass through this process become a source for a various criminal activities, such as terrrorism, corruption, etc. The thesis is composed of three main parts. First part deal with methods and stages of money laundering. Money laundering is a sophisticated activity, with a high degree of complexity, which requires a certain level of planning. entertain various features and steps which are necessary to clear the funds. Stages are named as placement, layering and integration. The first part is given to a few real examples of ways of money laundering. Money laundering is an international issue. In today's world where there is almost no borders is neccesary develop an appropriate international cooperation, both at global and regional which is one of the characters of fighting against money laundering. The Second part of thesis show some of international organization engaged in this illicit activity, such as UN, EU, FATF, etc. It also introduce their rules and programs to fight to money laundering. There is a large...
|
|
|
Comparison of the Market Regulation in the EU and in the USA in the Context of Economic Crisis
Beránek, Jaromír ; Hraba, Zdeněk (advisor) ; Borkovec, Aleš (referee)
Jaromír Beránek - Comparison of the Market Regulation in the EU and in the USA in the Context of Economic Crisis Abstract: Once the U.S. real estate bubble burst in 2007 and most of the major American banks ran into a financial distress following the rising number of mortgage defaults, few foresaw that these problems would grow into the biggest global crisis since 1930s. Soon it turned out that the fall was inevitable. Due to the lack of regulation an uncontrolled growth in bad credits occurred over the years preceding the crisis outbreak. Financial institutions, silently supported by credit rating agencies, started pushing complicated and opaque investment instruments into the hungry market, and investors gladly bought them, motivated by the promise of high bonuses. The ongoing process of globalization and international linking of financial markets significantly accelerated the evolvement of the crisis and contributed to its spread around the world. Burdened by the immense costs of bank bailouts governments of many countries faced a threat of an imminent bankruptcy, and were forced to seek international aid. In the EU, the USA and on the international scene, several initiatives arose, striving to create effective regulatory reforms and to strengthen tools for a timely identification and prevention of...
|
|
|
Sovereign wealth funds (SWFs) and their regulation
Kreysa, Vlastimil ; Borkovec, Aleš (advisor) ; Hraba, Zdeněk (referee)
Sovereign wealth funds and their regulation The aim of this work is to provide a comprehensive explanation of the current issue of the role and activities of sovereign wealth funds in financial markets and to try to summarize current international regulatory framework, as well as to outline possible changes in this system. This question comes from description and interpretation of the most important international "soft-law" rules on sovereign wealth funds - the so- called Santiago Principles (Generally Accepted Principles and Practices) and the OECD's related legislation. The reason for selection of this topic is a fact that issues related to existence of sovereign wealth funds and their legal regulation have not been discussed sufficiently in Czech scientific circles. This work is divided into four chapters. The first chapter is an introduction to the aforementioned issues. In the second chapter, which consists of two sections, the work is concentrated on general characteristics of existence of sovereign wealth funds. The first section is focused on definition of the term "sovereign wealth fund", categorization of such funds on the basis of their characteristic features and analysis of legal nature of these funds. The second section is devoted to influence of sovereign wealth funds on financial...
|
|
|
Formal and informal regulation of advertising in the Czech Republic
Kutáková, Petra ; Seknička, Pavel (advisor) ; Hraba, Zdeněk (referee)
Focusing on the Czech Republic's current reality, the paper describes basic relations between legal (formal) and other (informal) ways of regulation of advertising. Having covered basic marketing and advertising terminology and legal definitions of essential advertising terms, it further generally describes the principles of both formal and informal regulation of advertising. Formal regulation is represented by European Union rules focusing on general advertising regulation and consumer protection. The description of the Czech Republic's current legal regulation consists in a list of most recent laws in the area of public (constitutional and speficic laws) and private (civil and business) law. Moreover, areas such as business ethics, ethics in management, its principles, methods and tools are presented, ethical codices being the focal point here and basis for further analyses in the following parts of the paper. Informal regulation is based on business and professional ethics and further develops the idea of ethical codices when describing the principles of self-regulation as the most important informal regulatory system. The principles of self-regulation of advertising are divided into two groups: theoretical and applied. The latter are based on the rules declared by international self-regulation...
|
|
|
Common agricultural Policy of the EU - problems and attempts for reform
Nováková, Markéta ; Hraba, Zdeněk (advisor) ; Borkovec, Aleš (referee)
This diploma thesis tackles the issue of key reforms of the Common Agricultural Policy (hereinafter "CAP") made by the European Union (hereinafter "EU") during the last years and includes the context and the reasons which led to it. Despite the range of positive results which the CAP of the EU brings, it is followed by controversy. Agriculture as a topic rouses emotions and remains to be a delicate theme which often divides politicians. Disputes concerning conception of the policy are lead not only on the European and domestic level but also on the grounds of international organisations. Those which I would like to emphasize are particularly negotiations before the World Trade Organisation which tries to liberalize the international trade. A focus of this thesis is put on analysis of the development after year 2003 when the last significant turnover of the policy took place. Since this turnover until today we are witnessing only gradual changes. The aim of this thesis to analyse and evaluate whether if and in what areas did the EU make a change in the policy which reacted on its's objective issues and critics. After a brief introduction of the policy, the first part of the thesis focuses on specific problematic issues of the CAP that are criticised. I will attempt to describe and explain selected...
|
|
|
An analysis of some economic and legal aspects of governance of Central European joint-stock companies
Pustówka, Tomasz ; Urban, Jan (advisor) ; Hraba, Zdeněk (referee)
The Analysis of Some Economic and Legal Aspects of Corporate Governance of Central European Corporations There are three main goals of the thesis: 1) To identify the biggest economic risks of present Czech corporate governance 3) to recommend appropriate measures how to regulate corporate governance of publicly owned companies 2) to consider the question how appropriate it is to regulate corporate governance by hard law rules or when soft law rules could be appropriate enough. The thesis is divided into two parts - the theoretical part and the practical one. The theoretical part is subdivided into four chapters. The first contains a general introduction to the corporate governance, the second includes a description of the system of corporate governance regulation, the next one is dedicated to financial crisis impact on the corporate governance regulation, and the final chapter deals with the comparison of Polish and Czech law regulation of corporate governance in publicly owned companies. The practical part consists of three case studies. The first case study analysis the main findings of the report, which was worked out as a result of the independent audit of supervisory boards in publicly owned companies. The second case study examines the corporate governance system of state-owned companies PKN...
|
|
|
Economic and legal aspects of mergers and acquisitions in the Czech environment
Spina, Filip ; Borkovec, Aleš (advisor) ; Hraba, Zdeněk (referee)
Mergers and acquisitions represent a complex process of buyout of one company by another one and a subsequent process of reciprocal merge of companies to one successive company. It constitutes in a common business experience a frequently used tool designated to ensure a company growth and to reach a main entrepreneur goal - profit maximization. This effect may be achieved due to the fact that mergers and acquisitions facilitate to enter new markets easily to some extend or to gain access to new product line or to access new technology or know how and finally to improve competitiveness by attaining sufficient size of entrepreneurship or by implementation of economies of scale. To execute such transactions successfully and to maximize all positive effects, one has to take into account several various economic and legal aspects. This transaction is also very complicated and comprises many partial steps emerging from both legal requirements and requirements based on common business experience. On that account the transaction represents also array of risks that have to be minimized. Therefore it is possible that a preparation and implementation of mergers and acquisitions may be perceived from both legal point of view and economic point of view, where each has its own specifics. A goal of this thesis is...
|
|
|
The position of the Central Bank and its impact upon economy (in relation to the global financial crisis)
Kašák, Petr ; Borkovec, Aleš (advisor) ; Hraba, Zdeněk (referee)
Název práce EN: Position of the central bank and its influence upon economy (in the context of global financial crisis) Shrnutí EN / Summary: The thesis focuses on the definition of the role of the central bank, particularly the Czech National Bank, from the legal and economic viewpoint. It also describes the global financial crisis and demonstrates conclusions adopted earlier against its background. The basis of the thesis is the description of the Czech National Bank as an institution and position of its representatives. It focuses on the independence of the central bank and it mentions its responsibility in this context. These phenomena are analyzed on the basis of constitutional and statutory texts and a conclusion is drawn on a relatively high independence and only a small responsibility of the Czech National Bank. We stress that the Czech Naitonal Bank is a highly transparent institution. Attention is paid to the organizational and personal structure of the Czech National Bank. In the first part of the thesis, the Czech National Bank is defined as a public legal person representing one degree of the two-degree bank system endowed with a high level of independence. The following parts deal with the activities of the CNB. In particular they define monetary policy, its aims and tools, issuing activity,...
|
|
|
The role of ready-made companies in the market economy
Lustig, Jan ; Pokorný, Jan (advisor) ; Hraba, Zdeněk (referee)
DIPLOMOVÉ PRÁCE english: This thesis defines the term of a ready-made company. It describes the purchase of a ready-made company, its process and particular phases. The thesis also deals with other areas and specifics of this segment of market economy. It compares the situation in the Czech Republic to other countries, especially to EU member states. It includes also trends and anticipated future development of market with ready-made companies. Finally, the thesis evaluates the position of ready-made companies in market economy
|
guest ::
