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Causes, impacts and solutions of the Greek financial crisis
Hliněný, Karel ; Sedláček, Jiří (advisor) ; Chaloupka, Jiří (referee)
This thesis deals with the analysis of the Greek crisis and with the shape of the Greek economy before the crisis. Furthermore, this work focuses on development in other European Union countries that have found themselves in similar problems, as the Greek ones. The final part of this thesis deals with provisional solutions of this crisis, at both national and international level. The thesis is divided into three main parts, which are gradually focused on meeting the objectives above.
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Fiscal behavior of households in the Czech Republic
Vostřelová, Radana ; Půlpánová, Stanislava (advisor) ; Dobrovolný, Marek (referee)
This thesis deals with the fiscal behavior of households within the Czech Republic. The main areas of interest are the appropriate management of personal or family finance and the importance of household budgeting. It shows that the awareness of ones income and expenses are the basis of a financial literacy, which is still at an insufficient level. Such households are thus regarded as a weaker market article, which have to be protected either by means of education, awareness raising or modifying legislation in their favor. Specific elements in the protection of clients are intertwined throughout the work. The thesis also deals with the relationship of Czech households to consumption, savings and debt. It records the specific period of changing attitudes to the way we deal with money and establishes that households that are no longer thrifty, consume more and loans become a common part of life for them. The thesis also concentrates on the most used financial products, specifying the reason for their popularity. Also, the consequences of poor household management are described and international comparisons are included as well.
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The financial crisis and its impact on U.S. gross domestic product growth
Cimala, Petr ; Jílek, Josef (advisor) ; Dočkal, Dalibor (referee)
The aim of the thesis is to quantify the impact of the 2008 financial crisis to U.S. economic growth and also identify potential scenarios for future development. For this purpose, there was selected a sample of historical cases of financial crisis where followed the process of deleveraging. Identified impacts were applied to estimate the future GDP growth. In the period 0-5 years after the crisis GDP typically slowed by 40-45%, in 0-7 year horizon by 28-35%, and in the 10 year horizon by 17-20%. In a case of deducting export effect, slowdown of GDP growth is even higher. For the next 8 years average U.S. GDP growth is estimated to 2.26-2.6%. Compared with the pre-crisis period, slowdown reaches 14-25%. Process of deleveraging is now in the one third of the expected duration. The financial sector and household sector remains vulnerable to return the economy into recession and will deleverage further. Non-financial firms are sound. The greatest risk is hidden in the public sector which is experiencing high deficits and uncontrolled growth of debt. Debt is starting to approach level that may reduce long-term dynamics of GDP growth. The future path is in the hands of government officials. Fiscal consolidation treat the root of the problem, but it is painful and hard to approve. Delays in solving the problem is less painful way, but it can result in massive government debt, as it is now in Japan. Repeating Japan scenario is unlikely. The magnitude of balance sheet recession in Japan was much larger. The measures taken have not been so quick and strong.
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The Role of G7/G8 in the World Economy - Selected Aspects
Matei, Tatiana ; Stuchlíková, Zuzana (advisor) ; Hnát, Pavel (referee)
The position of Group of Eight is today very important from the world ecomomic view. The aim of this bachelor thesis is to summarize the impact of the evolution of this group and to describe some selected influential areas more detailed. The author of the thesis sums up the origin of the group including the present influence on the world in the first part of the thesis. The next chapter contains descriptions of some of the most important aspects of the world economy. In particular, these are topics which involve the debt relief of developing countries, poverty reduction, nuclear safety, international security and terrorism.
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Indebtness of Households and Financial Markets Stability
Uhlík, Jan ; Rybáček, Václav (advisor) ; Kuhn, Petr (referee)
During last 20 years there was huge boom in the financial markets thanks to increase of household indebtness. This work studies acceleration of consumer and mortgage debt in EU, USA and Czech Republic during 1990 -- 2007. Due to liberalization and interest rate volatility there was an unprecedented increase of indebtness thanks to very low mortgage interest rates. Goal of this work is to analyze situation in countries, compare developments between them and find similarities which are typical for them. This works also focuses on financial stability in Czech Republic and influence of eventual insolvency on this stability. Besides households there is description of financial markets with mortgage securities and its possible threats.
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The current position of US in the world and its future
Fiala, Jan ; Jeníček, Vladimír (advisor) ; Jelínek, Jiří (referee)
Práce se soustředí na současný vývoj USA se zaměřením na jeho postavení spíše z hlediska toho, co toto postavení určuje, co stojí v pozadí za dosaženým úspěchem a co pomáhá získáné postavení udržet, popřípadě co ho ohrožuje. V první části jsou nastíněny základní charakteristiky USA pomocí vybraných ukazatelů. Následně práce rozebírá aktuální vývoj v USA, především dopady hypotéční a úvěrové krize a možný nástup recese. Druhá část je těžištěm této práce, popisuje a hodnotí faktory, které dle mého názoru, nejvíce přispěly k získání dominatní pozice USA, a zároveň ovlivňují a určují současné postavení. Prvním faktorem je dolar. S tématem dolaru jsou spjaty další dvě problémové oblasti USA ? mohutné zadlužení a deficit obchodní bilance, které budou krátce rozebrány. Třetím faktorem je vojenská dominance a politické postavení USA. Posledním analyzovaným tématem je technologická vyspělost, zdroj hospodářského růstu a vztrůstající životní úrovně.
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