|
|
The causes of the current economic crisis and its impact on the world economy
Rýdl, Filip ; Jílek, Josef (advisor) ; Mládek, Josef (referee)
The work seeks to analyze the causes and impacts of the current financial crisis. It deals with the theoretical view and definition of financial crisis, along with a brief historical excursion. A significant part of the work is devoted to describe the financial crisis in the United States and in selected, economically important, countries. In the context of the causes of and solutions to the current crisis period are remembered views of different economic schools, which are very different. A significant part is devoted to the description of institutional architecture and function of the financial system. Important part is the description of the functioning of lending money (such interest and regulatory policy), because the author sees in it a long series of "unhealthy" factors, which helped the emergence of a financial crisis. The aim of this work is to give a komplete, non-ideological coloring, look at the biggest financial crisis in modern history.
|
|
|
Impact of Global Financial Crisis on Capital Markets and Investment Banking
Jebavý, Jan ; Veselá, Jitka (advisor) ; Musílek, Petr (referee)
This thesis analyses the impacts of global financial crisis 2007 - 2009 on capital markets and investment banking industry. The aim of this work is to find the most important causes of the financial crisis, their relations and sequence as well as the role of investment banking industry in this crisis. First chapter gives a theoretical framework and overview of investment banking and institutional models. Second chapter then analyses the key causes of financial crisis. Third chapter analyses impacts of the crisis on selected capital markets and individual investment banks.
|
|
|
Analysis of trends in investment banking in the period 2006 - 2010
Hobza, Vladimír ; Veselá, Jitka (advisor) ; Havlíček, David (referee)
The thesis focuses on analysis of trends in investment banking in the period 2006 -- 2010. The main trends are securitization, consolidation of investment banking and new regulation. The thesis analyses the trends in detail and explains interconnections and impact on the whole investment banking industry. The development is illustrated on a few particular investment banks and bank holding companies in Europe and the United States of America. The last part presents new regulations and proposed changes in the investment banking industry.
|
|
|
Leveraged acquisition finance
Hrouda, Jiří ; Radová, Jarmila (advisor) ; Janda, Karel (referee)
Main interest of this diploma thesis is a transaction known as leveraged acquisition. The goal is to provide detailed overview of these transactions starting from history and development of leveraged acquisitions, key market participants, acquisition financing, leveraged acquisition market and its current trends and analysis of a fictional transaction using advanced financial model. Due to the limited extent of the thesis not all aspects of debt financing and modeling could have been covered in the text.
|
|
|
Analysis of Morgan Stanley during the financial crisis
Holiš, Jakub ; Dvořák, Petr (advisor) ; Jablonský, Petr (referee)
The main task of the diploma thesis is an analysis of financial performance and position of Morgan Stanley during several successive periods before and during the subprime financial crisis. Through the analysis of trends in key items, it also demonstrates strong cyclicality of financial performance and position of the investment bank. The first chapter deals with history and key divisions of the Company. The following chapter generally discusses selected phenomena, which, as per the author's view, significantly influenced industry-wide record-breaking performance during the period before the subprime crisis, and which substantially determined Morgan Stanley's risk profile and performance's corrections later during the Crisis. The core part of the Thesis is conceived as an analysis of financial performance and position of Morgan Stanley during the selected periods. The analysis of pre-crisis period until 2006 in the third chapter demonstrates growth of activities lying behind the unprecedented profitability of the Institution. The following fourth chapter analyzes deteriorating financial performance during the subprime crisis and indicates crucial strategy changes, implemented by the Company at the end of 2008. Effects of the strategic changes and challenges of the future development of the Institution are discussed in the last chapter. Additionally, the Thesis includes annexes, which further deal with selected topics and their general relations to investments banks and two annexes which compare Morgan Stanley with its nearest peers during specific periods.
|
|
|
International Tax Optimization in Investment Banking
Blahová, Kristýna ; Musílek, Petr (advisor) ; Moravec, Lukáš (referee)
The theme of this thesis is focused on international tax planning with a narrower specification using offshore companies and all on the field of investment banking. The task of this thesis certainly does not an accurate tax analysis of individual taxes paid standardly in the classic onshore countries. On the contrary, the intention is to provide a wider range of options which the international tax planning can offer to us and what are the specifics of individual, for us certainly attractive, countries or in which cases we should already start to think to optimizing the tax in the international context. I will use Czech-Slovak investment J & T group to analysis mentioned above.
|
|
|
Impacts of mortgage crisis in the banking sector USA and EU
Novák, Robert ; Burgerová, Jiřina (advisor) ; Ježek, Tomáš (referee)
My work focuses on impacts of mortgage crisis in the banking sector, in particular, the USA and the EU after the collapse of the bank Lehman Brothers. The first chapter focuses on the general causes of the crisis. The second chapter focuses on the risks that are associated with the banking business. The second part of my work deals with individual the falls of the banks and financial assistance of the individual governments to the banking industry. The last chapter of my work evaluates impact on the Czech banking sector.
|
|
|
Přehled trhu informačních systémů pro investiční bankovnictví
Krasnovský, Pavol ; Šalamon, Tomáš (advisor) ; Luc, Ladislav (referee)
Práce je zaměřená na informační systémy v oddělení dealingu v investičním bankovnictví. Cílem práce je zmapovat informační systémy a pokrytí informační potřeby v odděleni dealingu. Celá práce poskytuje rozhled čtenáři, který chce v srozumitelné formě pochopit podstatu bankovního dealingu. Práce má za cíl zabývat se také investičními trendy, které významně ovlivňují činnost investičních subjektu. Přínos této práce spočívá v podrobném zmapování informačního systému oddělení dealingu, které je doplňováno zejména autorovými zkušenostmi a různými testy a průzkumy. Pomocí analýzy investičních trendů poukazujeme na fakt, že investiční banky jsou silně ovlivňovány těmito trendy. Při analýze srovnání produktů jsme dospěli k závěru, že na českém trhu působí 5 velkých hráčů, kteří se zabývají vývojem softwaru pro investiční bankovnictví a pokrývají 90% poptávky na trhu. Nicméně funkcionalita srovnávaných produktů od 5 velkých hráčů na českém trhu je velice podobná, což nasvědčuje nasycenosti trhu informačních systémů v investičním bankovnictví. Práce také popisuje jednotlivé aplikace (technické, automatizované,fundamentální a psychologické), které tvoří důležitou součást obchodování. Tato práce přináší i novou taxonomii aplikace pro fundamentální analýzu. Nezbytnou součástí obchodování je i pokrytí informační potřeby. Tato informační potřeba je pokryta rozdílně, jak pro jednotlivé lokality trhu, tak i pro jejich účastníky.
|
|
|
CDO jako druh sekuritizace
Bogun, Alona ; Málek, Jiří (advisor) ; Dvořák, Petr (referee)
Vymezení CDO jako samostatného druhu sekuritizace a porovanání se sekuritizaci tradiční. Vymezení základních parametrů (kreditní struktura, účel vytvoření, struktura tranší, podkladová aktiva), které charakterizují CDO a systematizace CDO dle uvedených parametrů. Vysvětlení specifik vybraných struktur (Cash Flow, Market Value, Syntetická CDO) a rizik s nimi spojených. Popis kolaterálu a specifik struktury Structured Finance CDO.
|
|
|
High-Yield Bonds
Korbačka, David ; Málek, Jiří (advisor) ; Witzany, Jiří (referee)
Práce se zabývá problematikou vysoce výnosových dluhopisů. Popisuje americký trh vysoce výnosových dluhopisů z hlediska jeho historie a klíčových charakteristik (rozsahu, výnosů a segmentace) a odvozuje oceňovací modely. Praktickou část práce tvoří jednak analýza růstu tržního podílu rizikových bondů s využitím Bassova modelu, kdy je na tyto instrumetny nahlíženo jako na finanční inovaci. Druhá analýza se zabývá zkoumáním vztahu mezi kreditním rizikem, vyjádřeném v podobě defaultní míry, a očekávanými, resp. dosahovanými výnosovými mírami.
|
guest ::
