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Causes, course and consequences of the financial crisis in the USA
Chlupáčová, Nikola ; Neumann, Pavel (advisor) ; Sejkora, Jiří (referee)
The aim of this work is to analyze the causes, consequences and to describe the recent financial crisis with regard to the identification of potential culprits of the financial crisis and the slow recovery of the US economy from the financial crisis. The main content of this work is to focus on the identification of the particular consequences which were caused by the lack of a regulatory framework, monetary policy of the US central bank and new financial derivatives. It affected for several years the process of the US economy. The last chapter brings based on the lessons learned from the analysis of the financial crisis the scheme of recent financial crisis and thus it provides a comprehensive view of this financial crisis.
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Financial Crisis in the USA 2007-2009: Impacts on the Foreign Trade with China
Prášek, Jakub ; Stuchlíková, Zuzana (advisor) ; Erbenová, Monika (referee)
The purpose of this thesis is to summarize financial crisis, that took place in the United States of America between years 2007-2009 and to state its impact on the American foreign trade with a special focus on the trade with China. In the first chapter, the term "financial crisis" is defined and then the origin and the development of the global financial crisis, that started in 2007 on the American real estate market, are retraced. The second chapter begins with a general characterization of a trade balance, and subsequently focuses on the American trade balance. Firstly, the development of the American trade balance between years 1985-2012 is analyzed. Secondly, the changes in the American trade balance during the crises period between years 2007-2009 are unveiled. To conclude this chapter, the American foreign trade is characterized and the most significant changes in trade with single commodities during the crisis are highlighted. At the beginning of the third chapter the foreign trade between the USA and China, as well as, the development of their mutual trade balance are examined. At the end of the thesis the analysis of trade data between the USA and China is carried out and the commodities, that were influenced by the crisis the most and the least, are found.
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Kvantitativní uvolňování a riziko růstu inflace v USA
Jarošová, Marie
The thesis is focused on quantitative easing, which used the U.S. central bank for the third time in a few years, to deepen the expansionary monetary policy. There is examining the relationship between quantitative easing and inflation, as the sharp rise in inflation is considered a major risk associated with quantitative release an. Relationship between quantitative easing and inflation is observed by means of simple regress analysis (using the OLS) and the moving correlation (rolling correlation) between each wheel QE with regard to the development of mortgage, financial and debt crisis.
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Hypoteční krize v USA a její hlavní determinanty
Šleglová, Magdalena
The purpose of the Bachelor thesis is to identify the main determinants of mort-gage crisis in the USA that erupted in the early 21st century. The paper focuses on the period before the outbreak. First, the paper deals with major imbalances which led to outbreak of mortgage crisis. Further, emphasizing the role and influence of the U. S. central bank FED with Chairman Alan Greenspan, which is often referred as one of the main determinants of the problems in the financial markets. Part of the paper is a chronological structuring of the events that preceded the outbreak of the mortgage crisis, in which it is possible to watch similar macroeconomic characteristics of the U. S. economy.
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China and the USA: the way to global leadership?
Smola, Filip ; Cihelková, Eva (advisor) ; Erbenová, Monika (referee)
The aim of this bachelor's thesis is to analyze the economic development of China and the USA. The work is divided into three chapters. The first part aims only at the People's Re-public of China. This work explores the reasons for contemporary economic success and evaluates the efforts of the Communist Party of China to bring China closer to the world especially in economic matters. The second chapter is completely devoted to the economic development of the United States of America. Attention is especially focused on economic development at the turn of the millennium. The successful nineties of the last century were replaced with a lot of crises in the twenty-first century. The concluding chapter looks for answer to the question which of these countries is on the better way to reach the first place in the world of the economic view. Information in my bachelor's thesis comes from Czech and foreign printed and web sources.
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The Finance Crisis in U.S. and its consequences
Křesinová, Dominika ; Žamberský, Pavel (advisor) ; Bartušková, Hana (referee)
The topic of this bachelor thesis "The Finance Crisis in U.S. and its consequences" is to analyze the causes and connections that led to the beginning of U.S. mortgage crisis which has become the global financial crisis. The aim of this thesis is to focus on the causes and consequences of this crisis which influenced the U.S. economy in view of the fact that this situation was caused by Fed's policy to a certain extent. I have chosen this topic because this crisis is today still topical and some states are contending whit this crisis. The introductory theoretical part of the thesis focuses on the characterization of the crisis from a general point of view. The next point is summary of the facts about the important crisis which has influenced U.S. in the past -- Great Depression. The main part of thesis deals with the particular causes and reaction on these ones, the sequential course, solving and consequences of this crisis. The main question of this thesis refers to the end of this crisis -- whether the finance crisis which started in 2007 in U.S. is over or continues. And whether due to this crisis it gets in U.S. to the next bursting of bloated bubble and to the new crisis which will be caused by solving current crisis.
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Credit rating crisis and position of rating agencies after crisis
Langášová, Markéta ; Bolotov, Ilya (advisor) ; Čajka, Radek (referee)
Rating agencies are key players on today's financial markets. For a long time they have kept an exeptional position and held respect of investors. In last few years they became a frequent subject of discussions, because of their involvement in the US subprime crisis. The purpose of this thesis is to introduce rating agencies and rating itself, its role on todays markets and how it could have affected the development of the recesion in USA. The goals is to find possible reasons, that might have caused overrating of structured finance instruments. A part of this thesis is also focused on analysis of after crisis situation in credit rating industry and comparison of regulating steps taken in USA and EU.
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Specifics of Real Estate Investment Trust
Nenadál, Petr ; Marek, Petr (advisor) ; Makovec, Martin (referee)
The thesis is aimed to describe and approach the REIT practice that is, especially in the U. S. very enhanced. In the first part, general parameters of real estate investment trusts are introduced and understated in connection with the depiction of the advantages and disadvantages of this issue. In chronological sequence, the development and progress of the U. S. real estate market is approached. The thesis further undertakes the current subject of the global financial crisis with a special focus on the REIT involvement and the potential application of the new EU directive - AIFMD (Alternative Investment Fund Managers Directive). This directive is expected to harmonize the joint investments. The objective of the thesis is a detailed description and specification of REIT in selected developed countries (U. S., Western Europe, and Australia) followed by a comparation of these regimes and an analysis of the considerable real estate investment companies in the Czech Republic including the financial analysis of the public joint-stock companies. A development of Czech real estate market during the mortgage crisis is also depicted and a market forecast is prognosed. The thesis concludes potential restraints of the REIT legal introduction in the Czech Republic as this corporative type has not been lawfully validated there.
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Analysis of the Czech mortgage market and its position in the global crisis
Melounová, Tereza ; Radová, Jarmila (advisor) ; Pavelka, František (referee)
The aim of this thesis is to compare the causes, course and effects of the mortgage crisis and the subsequent financial crisis in the USA and in the Czech Republic in the years 2000-2012. Conclusions comparisons show that the impact of the crisis on the economy of the Czech Republic were milder mainly due to readiness of Czech banks. Furthermore, this work analyzes a model example of choice of parameters mortgage loan from the client's perspective, focusing on the assessment of the advantages of combination mortgages and savings products. Based on the results of this analysis, the combination can be recommended, but with regard to the rates of appreciation achieved when saving resources. If the condition of compensation refinancing costs by the difference in interest rates is satisfied, it is also possible recommended this financial instrument to a qualified client. Finally, we completed the image of the Czech mortgage market by comparing the classical mortgage products in offer of several banks.
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