|
|
History of mathematical modelling on financial markets
Cigán, Martin ; Brada, Jaroslav (advisor) ; Langer, Miroslav (referee)
The main goal of this thesis is to introduce the reader to the evolution of some of the well-known mathematical models used in the valuation of investment instruments. The first chapter deals with some of the basic terms used in the following text. The next chapters introduce mathematical models, which are used to valuate stocks, bonds and derivatives. Each chapter contains also a brief description of the instrument itself and in some cases the methods used to evaluate the instruments before the introduction of models. The thesis contains a chapter on concept of portfolio due to its importance in the development of mathematical modelling in this field.
|
|
|
Reporting of Bonds in Comercial Insurance Companies in the Czech Republic
Příhodová, Kateřina ; Bokšová, Jiřina (advisor) ; Randáková, Monika (referee)
My dissertation describes the issue of reporting bonds in insurance companies in the Czech Republic. It includes outlining of the legislation of commercial insurance companies, financial placement and issue bonds according to applicable legislation. The work focuses on the measurement and reporting of bonds in insurance companies under the Czech legislation and in accordance with International Financial Reporting Standards. The practical part of my dissertation compares the reporting of bonds in insurance companies according to the Czech accounting legislation and in accordance with International Financial Reporting Standards and compares the information of bonds and financial placement disclosed (displayed) in the individual financial statements of the Czech, Polish and German insurance companies.
|
|
|
Response of the Federal Reserve System to the current financial crisis
Zelba, Michal ; Koderová, Jitka (advisor) ; Dohányos, Vojtech (referee)
Objective of this paper is to assess efficacy and feasibility of measures undertaken by the Federal Reserve system during the financial crisis that erupted in the year 2007. Firstly, origin of central banking in USA is described, then structure and mandate of Fed. Discussion of causes of the financial crisis follows. This work sheds light on policies of Fed after the beginning of the crisis and analyzes their efficiency and suitability. The biggest focus is on quantitative easing and on its effects on long-term interest rates.
|
|
|
Issue of securities on the Prague Stock Exchange
CHALOUPKA, Jan
This bachelor´s work describes the status and development of czech capital market, especailly on the Prague Stock Exchange (PSE), the member of the aliance of four central european stock exchanges called CEESEG. Next it is holder of the Safe foreign stock exchange´s status for american stakeholders. First initial public offering, which was accomplished on the PSE, was effected by Zentiva company ? pharmaceutical producer. The last corporation, which emitted its stocks on PSE, was E4U company ? producer of energy from renewable resources. On the bond´s market are different conditions, mainly due to limited term of expiration of the obligation. For bigger corporations is possible to validate a ?bond´s program?. There was detected by the costs analysis on the PSE public market, that costs could reach up to tens of millions czech crowns.
|
|
|
The securities emitted by joint-stock company
Hájková, Michaela ; Kříž, Radim (advisor) ; Hásová, Jiřina (referee)
In the first chapter of my diploma thesis, I try to show some general patterns concerning the securities and I also deal with the classification of securities and with the question of emitting the securities. In the second chapter, I pay my attention to the theme of shares as basic participant securities and I also try to clarify some other terms such as joint-stock companies, negotiable papers or rights of minority shareholders. In the following part of my thesis, I deal with the theme of interim certificates and I also try to explain the process of their exchanging for shares. In the next chapter, I pay my attention to the theme of additional securities (stock warrants, time warrants). In the semi-final chapter of my thesis, I deal with the theme of bonds (priority bonds, exchangeable bonds, mortgage debenture bonds). In the last part of my thesis, I try to compare the current legal form (concerning the securities) to that which shall come into force by 1. 1. 2014.
|
|
|
Comparison of czech accounting standards with IFRS, with a focus on bonds
Vasilišin, Ľubomír ; Jirásková, Simona (advisor) ; Procházka, David (referee)
The main topic of this work is to provide information about accounting, methods of valuation of debt securities, mainly bonds, in terms of business units. There is detailed explaination of securities, their classification and valuation in accounting of discounted bonds and bonds with a coupon according to the methods of the czech accounting legislation and also the solution according to IFRS focusing on bonds. The work includes a view of the investor and the issuer of a bond. It contains the basic legal requirements relating to issuance of the bond and bond requirements which must contain according to the legal terms. In the examples are shown the effects of changes in the accounts, mainly balance sheet items and differences between using methods IFRS and czech accounting legislation. At the end there is a summary of the main differences between the czech legislation and international accounting standards.
|
|
|
Valuation and reporting of bonds from the perspective of an investor
Kočanová, Petra ; Procházka, David (advisor) ; Vašek, Libor (referee)
The work is devoted to bonds from the perspective of the investor. There are legal standards for issue of bonds and obligation to draw up conditions of issue and prospectus. There are described the basic principles and calculations of price, yield, maturity and risk. Main emphasis is placed on reporting bonds from the perspective of Czech accounting standards and international accounting standards. The work is completed with an application example of real negotiable bond analysis, where the important information is explained.
|
|
|
Callable bonds and its use and valution
Ledvina, Jan ; Radová, Jarmila (advisor) ; Stádník, Bohumil (referee)
Callable bond is a type of bond which allows an issuer to redeem its bonds prior to maturity for specified price. Such a type of bond is very rare in Czech Republic. This scarcity is caused by undeveloped domestic bond market and also by domestic investors being conservative, preferring guaranteed income. Callable bond does not offer such certainty in cash flow. Therefore the aim of this diploma thesis is to provide a complex view on callable bonds, which is hitherto absent in Czech literature. This thesis starts with introduction of the general terms related to callable bonds. In the subsequent chapter, various uses of callable bonds follow. The third part analyses the biggest callable bond market in the world -- the US callable bond market -- and characterizes every particular sector of the market. The last part of the thesis deals with callable bonds' valuation and its advanced analytical measures that are constructed in connection with valuation models.
|
|
|
Accounting for securities
Ibehej, Jan ; Strouhal, Jiří (advisor) ; Votoček, Filip (referee)
My work focuses on legal and accounting definition of securities distributed according to the type, form and other factors.It will focus in particular on simplification of stocks and bonds, their measurement and reporting. Work also includes a simlified example, which compares the methods of valuation of securities in accordance with IFRS applicable to their different impacts on basic finacial indicators. At the conclusion I tried to briefly compare the international financial system IAS/IFRS and US GAAP, and I added some informations from the securities trading and publishing.
|
|
|
The Collective Investment in the Czech Republic
PÝCHOVÁ, Lucie
The region of collective investment noted considerable development on the territory of the Czech Republic during last ten years. People start to look for new methods of evaluation their free means and just collective investment offers this possibility to them. This work was conceived as a companion for beginning investors. The object of theoretic part is to meet investors with the region of collective investment, with basic conception and subjects, which operate in the marketplace. Practic part is devoted to shares funds, which can be used for investment. This part contens not only evaluation according to various criterious, but also offers the procedure according to can investor to pool between channels for investment in term of collective investment and to choose the correct shares fund on its basis.
|
guest ::
