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Hospodářské vztahy mezi Čínou a Spojenými Státy Americkými
Gjochi, Marigona ; Žamberský, Pavel (advisor) ; Taušer, Josef (referee)
The master thesis emphasizes the economic relations between China and the United States. It gives an overview and theoretical background support on the significance of contemporary the economic relations between countries in today`s globalized era. Secondly, it analyzes how the theoretical background of economic and trade relations affect the empirical case study of the economic relations between China and the USA. The goal is to show how the economic and trade relations between China and the United States influence each other`s economies and what is the effect of such relations on the economic performance of both countries. More precisely, in order to answer the question above, the master thesis deals with complex analysis in regard of historical perspective concerning the economic relations between these countries, their ongoing cooperation in terms of balance of payments, the current and potential issues what both countries face and the existing challenges for the future. In order to complete the analysis and answer the research question, list of various sources will be used, starting from academic journals, books, literature reviews, reports from the World Trade Organization (hereafter WTO), reports from the respective countries on their economic progress, data available from the ministries of trade of respective countries and other sources related to the analysis of the contemporary economic and trade relations between the countries participating in the global economy.
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Comparison of basic macroeconomic indicators of the Czech Republic and the whole Europian Union since 2000
Šolc, Jakub ; Breňová, Lubomíra (advisor) ; Pivoňka, Tomáš (referee)
The Bachelor Thesis deals with the analysis and comparism of the macroeconomic variables development in the area of the Czech Republic and Europian Union since the year 2000. The Thesis is focused on the development and comparism of gross domestic product, unemployment, inflation and balance of payments. The Thesis is divided into two parts, theoretical and practical. The main aim of the theoretical part is to explain the variables in general, the definition and computation are detaily explained as well. The practical part is the comparism of the annual growth rate of gross domestic product in constant values, the rate of unemployment, inflation measured by consumer price index and the development of the balance of payments of the Czech Republic influenced by Europian Union. The main aim of the Thesis is to determinate the years in which the Czech Republic had better results of the macroeconomic variables than Europian union and find out reasons of this fact.
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TARGET 2 a krize platební bilance v Eurozóně
Vilímovský, Petr ; Brůna, Karel (advisor) ; Jakl, Jakub (referee)
This thesis aims to analyse the connection between the Eurozone's balance of payments crisis and the TARGET 2 balances. These balances represent mutual clearing relationship of the individual euro area member states to the European Central Bank inside the TARGET 2 system, which serves as a heart of the Eurozone's payment settlements. In fact, the central banks of the core countries hold significant positive balances while the peripheral central banks accumulated substantial negative positions. The TARGET 2 balances appeared mainly as a consequence of the liquidity outflow from the peripheral countries to the core due to the large imbalances in fundamental factors such as the NCA deficits, net foreign debt, public and private debt or competitiveness. The development of the balances was further facilitated via uneven liquidity provisions from the Eurosystem, as the peripheral countries effectively financed their balance of payments disequilibrium by issuing new liquidity that almost immediately moved to the core. The banking systems of the core started to operate in the liquidity excess status as the monetary base increased in 2011 and 2012. Assets with questionable quality collateralized the increasing refinancing operations in the periphery as the collateral requirements were repeatedly lowered. It resulted in an increase in the credit risk of these operations primarily in the periphery countries. This situation, among many others presented in this thesis, raises further questions about the parameters of the future single monetary policy as well as the continuance of the European monetary union.
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Factors Affecting the Balance of Payments in Selected Latin American Countries
Urbánek, Ondřej ; Hnát, Pavel (advisor) ; Sejkora, Jiří (referee)
The bachelor thesis focuses on factors affecting the balances of payments of the biggest Latin American economies. The research factors are liberalism, regionalism, monetary and fiscal policies, hot money and both monetary and economic crises. The emphasis is put on balances of payments of Argentina, Brazil and Mexico. The examined period of time ranges to the end of 80s in the last century. The first part of the paper defines the balance of payments and the factors affecting it in the case of Latin America. The second part applies theoretical hypothesis of the factors on real development of the balance of payments structure.
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Balance of payments of Germany
Hudcová, Adéla ; Jiránková, Martina (advisor) ; Střecha, Michal (referee)
The aim of this bachelor thesis is to analyze the development of the balance of payments of the Federal Republic of Germany in the years 1999-2012. The thesis is divided into the theoretical and the practical part and contains three chapters. In the first chapter, the balance of payments and external economic balance are characterized in general. The second chapter deals with the development of Germany's balance of payments, which is analyzed on the basis of the development of its accounts during the reporting period. The last chapter focuses on the appraisal of the external economic balance of the Federal Republic through different balances, the international investment position and the external debt.
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External Economic Balance of Hong Kong
Chochol, Filip ; Jiránková, Martina (advisor) ; Fialová, Barbora (referee)
This bachelor thesis deals with the development of external economic balance of Hong Kong in the years 1998-2013. In the first chapter, the notion external economic balance is defined. The emphasis is put especially on the theory of balance of payments in light of its horizontal and vertical structure. Furthermore, the terms international investment position and external debt are explained. The second chapter focuses on the analysis of Hong Kong's balance of payments in the above mentioned period, concentrates on the development of particular accounts and their items and looks into causes of this development. Finally, the third chapter depicts the shape of external economic balance of Hong Kong through cumulative balances, international investment position and external debt.
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Balance of payments of Ireland in 1998-2013
Myslivečková, Petra ; Jiránková, Martina (advisor) ; Straková, Eliška (referee)
This bachelor thesis aims to map the development of the balance of payments of Ireland, and then analyse the shape of its external economic balance during 1998-2013. In theoretical part I will initially describe the concept and structure of the balance of payments, then I will characterize the shape of the external economic balance to lay down the foundation for the practical part of this thesis, which is divided into two parts. The first part will be devoted to the analysis of individual components of the balance of payments of Ireland during 1998-2013, followed by the second part where I analyse the shape of its external economic balance through the significant balances of BoP in the context of world economy.
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The balance of payments of the Czech Republic in the years 2005-2014
Skokanová, Anežka ; Žamberský, Pavel (advisor) ; Fialová, Barbora (referee)
This bachelor's thesis deals with the development of the balance of payments of the Czech Republic in the years 2005-2014. The theoretical part provides an overwiev of the structure of the balance of payments, principles of its assembling and differences between the fifth and the sixth edition of the Balance of Payments Manual. The second part is focused on the development of the individual accounts of the balance of payments and finding factors which influenced their development.
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Analysis of the Balance of Payments of Czech Republic
Pechová, Kateřina ; Pavlík, Zdeněk (advisor) ; Koubalíková, Jitka (referee)
This bachelor thesis analyses the balance of payments of the Czech Republic since its accession to the European Union, in the period 2004-2014. The term "balance of payments" is defined in the theoretical part of the thesis, so is its horizontal and vertical structure and also the theory of the external economic balance. The theory of balance of payments is described according to the fifth and also the sixth edition of the Manual of the International Monetary Fund (BPM). The analytical part of the thesis describes particular accounts in the observed time period with reference to changes in trends. In this chapter is also assessed the impact that the accession to the European Union had on the external economic balance of the Czech Republic. The final chapter is devoted to a case study of the foreign exchange intervention made by the Czech National Bank in November 2013.
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Significant economic events from perspective of U.S. balance of payments and its specifics
Trampota, Simon ; Šíma, Ondřej (advisor) ; Pour, Jiří (referee)
The primary aim of this bachelor thesis is to acquaint the reader with the U.S. balance of payments, to become familiar with its specifics and then with its help to interpret the impact of key events. The thesis is divided into three main chapters. First chapter is focused on the theory of the balance of payments and its individual accounts. Second chapter deals specifically with the U.S. balance of payments. First the attention is paid to the overall development followed by a mention of the relationship between public debt and current account deficit. This chapter also includes the issue of the U.S. dollar in the position of the main reserve currency. Ending of this chapter is connected with the theme of global imbalances and the paradox of the U.S. net international investment position. The chapter three is made up of individual events, included are also their causes and consequences. The most space is devoted to the subprime mortgage crisis and financial crisis. The main purpose of the final chapter is to provide perspective on these events through the U.S. balance of payments.
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