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Monetary policy and measures to support the economy
Kajerová, Nela ; Brčák, Josef (advisor)
The thesis deals with monetary policy in the Czech Republic and its significance. The first theoretical part is focused on the central banking tools Czech National Bank, which used to promote the economy and the theoretical foundations of business banking. The practical part includes the options of project financing through bank products in a particular case, and choosing a suitable version for the client according to selected parameters.
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Electronic banking in Czech republic and its possibilities
Novák, Miroslav ; Matuštík, Ondřej (advisor) ; Široká, Lenka (referee)
The aim of the bachelor's thesis "Electronic banking in Czech republic and its possibilities" is to analyze and bring closer electronic (direct) banking of the Czech Republic to readers and to map its current state. This thesis also defines the client's connection options with the bank throught various types of communication channels. In the first part of this thesis the reader will be apprised with the conception of the electronic banking and its basic features. Its followed by brief historical developement of direct banking in the world and in our country, fundamental differences between electronic and traditional bank, including the pros and cons from the prespective of banks and also from perspective of clients and next its security and potential risks of remote access to the bank. Initial part of this thesis is also the definition and distribution of the electronic money. The second part describes and briefly assesses various forms and communication channels of electronic banking used in Czech Republic. Among these forms are: credit cards, phonebanking, GSM banking, WAP banking, JAVA banking, PDA banking and computer banking including homebanking and internet banking. The final part of the bachelor's thesis covers the evaluation of the questionnaire focused on current exploitation of electronic banking services, and on mapping of public attitudes and preferences for direct banking as such.
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Essays on International Currency Markets
Poghosyan, Tigran ; Kočenda, Evžen (advisor) ; Orlowski, Lucjan (referee) ; Kutan, Ali M. (referee)
1 ABSTRACT Essays on International Currency Markets By Tigran Poghosyan This dissertation consists of three essays on foreign exchange risks in international financial markets and financial integration in the new EU member countries. The first essay focuses on the determinants of foreign exchange risks in post-transition economies. Using a unique dataset on foreign and domestic currency denominated deposit rates in Armenia, we estimate excess returns on foreign exchange operations, which are free from the impact of country risk and transaction costs. The calculated excess returns are largely positive (existence of the premium for risk) and exhibit substantial variation over time. The two-currency interdependent factor affine term structure model captures the time- variability of the risk premium and predicts that the Central Bank interventions in the foreign exchange market and ratio of volumes of foreign and domestic currency denominated deposits (proxy for external shocks) are important explanatory variables driving the premium. The GARCH-in-Mean approach supports the previous conclusion and suggests that the Central Bank interventions (policy factor) are significant for the premium on the short horizon, while deposit ratios (fundamental factor) are more influential on the long horizon. It was also found...
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The impact of monetary policy on stock markets during the crisis
Brodníček, Lukáš ; Pavlík, Zdeněk (advisor) ; Lamač, David (referee)
The following bachelor thesis analyzes the current monetary policy of main central banks and its impact on stock markets. The first chapter describes briefly the history of money and banking which is essential for understanding the current monetary policy of central banks. The second part deals with approach of selected economic schools to implementation of monetary policy. The third chapter describes unconventional measures of monetary policy. The last part is about the impact of monetary policy on stock markets since the recent financial crises up to now.
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Alternatives of central banking and ways of their practical application
Chaloupková, Jana ; Koderová, Jitka (advisor) ; Jakl, Jakub (referee)
This thesis at the theoretical level deals with possible alternatives of two-tier banking system with the central bank. Then in details it describes the analysis of one of them -- currency board. The application section focuses on three completely different countries that have been met with this system and have been strongly influenced by it. It is meant: European country Estonia, Latin American Argentina and Hong Kong Special Administrative Region of the People's Republic of China. This submitted work analyzes each currency board separately, discusses the economic situation before and after its implementation and also outlines the current developments in the economy. At the conclusion, there is their comparison and evaluation of the success of the currency boards.
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Biometrics as a security element in banking
Pavliščák, Matúš ; Albrecht, Jakub (advisor) ; Voříšek, Jiří (referee)
The aim of my Bachelor thesis is to provide a comprehensive overview of biometrics as an applied security element within the banking sector. It describes various methods of biometrics-centric identification and data-processing. The main contribution of this thesis is its analysis of the case study conducted by Innovatrics, "The Introduction of Apple Pay and MasterCard Platforms," both of which implement biometrics in banking. The result is an assessment of the current state of usage of biometrics in banks around the world, compared to those within the Czech Republic and Slovakia, and suggestions for what local banks should focus on within the field.
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Microfinance : fighting poverty vs. sustainable banking
Tesař, Martin ; Streblov, Pavel (advisor) ; Bauer, Michal (referee)
The thesis deals with microfinance institutions and their ability to serve very poor clients even without a continuous inflow of subsidies from donors. After disclosing the specificities that distinguish the clientele of these organizations from the clients of commercial banks in the developed world, the analysis of selected institutions from South Asia, including the famous Grameen Bank of Bangladesh, is performed. Using the data gathered from their annual reports of these microfinance institutions, the individual dependence on subsides during one decade is evaluated. The final part of the thesis utilizes the similarities that appear in the individual examination and the econometric analysis of the data for the extraction of the key factors and strategies that can help to decrease the dependence of this sector on donor financial support. The analysis finds that higher depth of outreach of an organization to the very poor does not inevitably lead to lower level of self-sustainability. The way to profitability may reside in appropriate interest rate policy and mobilization of savings. Powered by TCPDF (www.tcpdf.org)
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Czechoslovak banking system in years 1968-1989
Dobrovolný, Ondřej ; Szobi, Pavel (advisor) ; Chalupecký, Petr (referee)
This thesis analyzes the development of the Czechoslovak banking system in terms of the centrally planned economy in the period 1968 - 1989. In the first part of thesis, the author, introduces the concept of banking system, after which he gets to the brief description of the situation in the banking sector after the Second World War. It is followed by an analysis of stated period which is divided into two major phases. The first one deals with the formation of reform thoughts and then continues through Pražské jaro and ends with establishment of normalization. The second phase is focused on late 80s, when there was a follow-up to reformist thinking of the late '60s, however, the position of the central bank hadn't changed until the early 90s.
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Monetary policy and measures to support the economy
Kajerová, Nela ; Brčák, Josef (advisor)
The thesis deals with monetary policy in the Czech Republic and its significance. The first theoretical part is focused on the central banking tools Czech National Bank, which used to promote the economy and the theoretical foundations of business banking. The practical part includes the options of project financing through bank products in a particular case, and choosing a suitable version for the client according to selected parameters.
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