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Microfinance and economic crisis
Vlčková, Petra ; Mládek, Josef (advisor) ; Štěpánek, Pavel (referee)
This thesis deals with microfinance in developing countries. The first part of the work provides basic information of the origin, history and the principles of microfinancing. Another part of the work describes the various ways and possibilities of providing microfinance services, provides and compares concrete examples of microfinance institutions. Bachelor's thesis also offers informations about how to measure the effectiveness of microfinance institutions and their new alternatives. The aim of this work is to see how the current economic crisis affects individual microfinance services providers. The conclusion summarizes the findings.
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Social and Economic Impacts of Labour Rigidities in Developed European Countries
Štekláč, Jiří ; Ševčíková, Michaela (advisor) ; Vybíralová, Ivana (referee)
The aim of my work is to evaluate the social-economic aspects brought along by the respective rate of flexibility at labour market. The individual im-pacts will be illustrated by selected EU countries with high (France), middle (the Czech Republic) and low (the UK) labour market rigidity. In the first part the social aspects of labour market rigidity will be evalua-ted. I will examine the influence of social systems (e.g. the extent of and crite-ria for providing social benefits) on labour markets in the selected countries, with focus on social consequences caused by labour legislation (e.g. em-ployees protection, wage rigidity). The second part will evaluate the economic (especially macroeconomic) aspects of labour market flexibility. The analysis will employ primarily ma-croeconomic indicators. The analysis will specifically verify the pressure of rigid labour market rules on inflation, unemployment, GDP and exchange rate. In a broader con-text I will try to answer the question whether (and to what extent) the labour market rigidity participates in deepening or on the other hand averting the cur-rent economic crisis.
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The Phenomenon of Deflation - Is It Really a Negative Effect?
Braunová, Veronika ; Munzi, Tomáš (advisor) ; Potužák, Pavel (referee)
The bachelor thesis investigates two divergences of opinion on the problem of deflation and tends to the side of Austrian economic school which deals with original conception. Deflation according to them means drastic decline of money supply or volume of expenditures in the economy. By disagreement with the modern concept of deflation are displaced the most famous myths connected with deflation (for example, increase in unemployment rate). Deflation is divided in several types, whereas in negative sense can be comprehended only one of them. Next is proved the inefficiency of implementing antideflationary policy which should fight against the deflation and restore inflation in economy. On the basis of research on deflation during The Great Depression was found to be deflation only a consequence of the crisis, not causation. As the causation was determined regulation of market during the period of the presidency of Hoover and Roosevelt. In conclusion new knowledge was used for the explanation of current financial crisis from which was indicted government and central banks.
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Automotive Corporate Strategy in CEE
Kadlecová, Petra ; Zadražilová, Dana (advisor) ; Seydlitz, Christian (referee)
The diploma thesis shows the status of the automotive industry in the Czech Republic. It shows the trends in the Czech automotive industry in short theoretical presentation. There is a trend of the future competition from developing countries, other problems are growing raw material prices or government's limits in CO2 production. The companies connected to the automotive industry are reacting. The relevant information about the status and reactions of the Czech automotive industry companies, especially at the time of the crisis, was gained. The work answers the main question: How will the situation look like in the Czech automotive industry after the end of the crisis.
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Asian crisis: reasons, consequences and comparison with the World economic crisis 2008
Nechaeva, Svetlana ; Witzany, Jiří (advisor) ; Witzany, Jiří (referee)
Asian crisis 1997-1998 has become global after financial incidents in Indonesia, Malaysia and Thailand. Asian mini-crises were followed by currencies depreciation, which were pegged to USD, also by decrease of prices of real estate, outflow of foreign financial resources and drop of share prices. Crisis expanded to HongKong and South Korea. In Autumn 1997 signs of crisis arised in Europe, Japan and USA. Less dramatic drop was on Russian, Kazakh, Ukrainian and Singapore markets. By comparing of Asian crisis 1997-98 with World economic crisis 2008 we will be able to see common features and differences. Considering mistakes made during Asian crisis, we will be able to derive possible developments of the World economic slowdown started in 2008.
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The Baltic Economies in the EU - Trends, Perspectives
Semerád, Lukáš ; Abrhám, Josef (advisor) ; Bič, Josef (referee)
The work analyses macroeconomic development of the Baltic States from the beginning of the 1990s until today and their position in the European Union evaluated on the basis of nominal and real convergence indicators. A significant part of the text is dedicated to the current economic crisis and to its impacts on the Baltic region. In this context, possible solutions and perspectives for future progress are suggested.
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Economic development of Ireland in the environment of European Union
Davidová, Jana ; Abrhám, Josef (advisor)
The main purpose of this diploma thesis is development of the economy of Ireland and its position in EU. The work is divided into three main parts. First chapter describes the development of irish economy in the past until half of the 90's. Second part includes period of great economic growth, which is called the period of "Celtic Tiger." It concerns with main economic indicators and also with grounds for this fast economic growth, this in connection with EU as well. Third part includes period of economic crisis in the irish economy, main causes of this crisis and changes in an attitude of the Irish towards the membership in EU and also position among the rest of member states. Ireland still belongs to great supportes of EU. Irish economy's joined the most mature and the fastest growing economies of EU. The global crisis has hit irish economy as the first state of eurozone and its impacts were very hard. The duration of this crisis is not known, even it is possible, that period of great economic growth was only excaption.
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Taxation in France during financial crisis
Bušovská, Monika ; Láchová, Lenka (advisor) ; Láchová, Lenka (referee)
The aim of this work is a detailed description of French taxation system in 2008 and analysis of its changes for 2009. In the work are used the newest data available and practical examples are illustrated. Descriptive method is used for snapping of French taxation in 2008. Analysis of changes of tax system for 2009 and comparisons with the year 2008 follow. The result of description of tax system for 2008 is a statement, that high tax burden is in France and taxation is considerably complicated and is not transparent especially for amount of exceptions and other conditions. Reaction to negative changes of economy, which took place during financial crisis, is change of taxation for 2009. These changes cause further increase of tax burden of work, but they also increase tax revenue of the French republic. The revenue should be used to increase economic growth and deficit reduction of France. According to OECD well-timed reaction to financial crisis will bring less economic damages than in other European states. France should focus on reducing national expenditure and boost competitiveness of French companies by decreasing tax burden of work and limitation welfare benefits.
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Great Depression in thirties of 20th century and its consequences for Czechoslovakia
Valenta, David ; Váňa, Daniel (advisor) ; Tajovský, Ladislav (referee)
My thesis deals with the Great Depression on the 1930's, which was one of the biggest economic disasters of last century. It follows especially the course and consequences of the crisis in Czechoslovakia. There are still many questions about this event and economists of whole world have never agreed on the only explanation, which could describe and solve all the causes and circumstances of Great Depression. In addition, there are also many views that the crisis had influence not only in economic sphere, but also had the social and political impacts. First part deals with international connections of Great Depression and searches causations of crisis in economic theory and describes the birth of Great Depression in United States. Second and third parts analyze the beginning and running of the crisis in Czechoslovakia and deal with particular sections of economy. The fourth part summaries economic and political effects of the crisis in Czechoslovakia and shows how the country faced up to depression.
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