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Relations between balance of payments and exchange rate in selected economies
Novák, Petr ; Durčáková, Jaroslava (advisor) ; Čermáková, Daniela (referee)
The main goals of this dissertation are to analyze balance of payments and foreign exchange rate and to examine mutual relations between these two concepts. The first part describes basic terms related to international finance. These terms are structure of balance of payments, foreign exchange rate and exchange rate regimes. The second part presents four selected foreign economics (Japan, South Africa, Paraguay, Dominican republic) which will be subdue to the analysis. The third and final part is devoted to the regression analysis. Relations between balance of payments and foreign exchange rate are analyzed by the method of ordinary least squares. Necessary data was gained from the IMF server.
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Comparison of the impact of the global economic crisis on the economy of Ireland and Greece
Titze, Lenka ; Klosová, Anna (advisor) ; Gullová, Soňa (referee)
The thesis examines the impact of the global economic crisis on the economy of Ireland and Greece. The aim of this thesis is to evaluate the impact of the financial crisis and the balance of payments crisis on the economy of these countries. This thesis deals with the situation of the economies in the pre-crisis period, which examines the causes of the crisis. The post-crisis period compares the impact of the global economic crisis from a macroeconomic perspective. The thesis deals with the economic measures taken as Ireland and Greece, which should mitigate the effects of the crisis. The thesis focuses in detail on the balance of payments crisis. The thesis is divided into two main parts. The first part is devoted to the description of the kind of crisis, with a focus on banking crisis, debt crisis, financial crisis and a detailed analysis of the balance of payments crisis. The second part compares the impact of the crisis on the economy of Ireland and Greece in the context of the development of the main macroeconomic indicators
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External Balance of Southern European Countries within the Context of the Global Economic Crisis.
Rakouský, Tomáš ; Hnát, Pavel (advisor) ; Jiránková, Martina (referee)
This diploma thesis focuses on changes in the external balance of Portugal, Italy, Greece and Spain in the period of financial and economic crisis after 2008. The theoretical framework is based on an exact definition of external balance, ultimately as neither surplus nor deficit of a relevant balance in terms of balance of payments. Potential impacts of monetary and fiscal policies on the external balance are described there as well, using the IS-LM-BP model. The second part of the thesis, which employs this theory, is mainly based on an analysis of relevant balances of payments of the aforementioned countries, focusing on their external balance in the period before as well as during the economic crisis. The aim of the analysis is to identify the main causes of external imbalance in the Southern European countries and to find out whether these played a key role as a trigger and accelerator in their recession after 2008. Specific changes during the crisis identified in balances of payments will also be depicted in the IS-LM-BP model. Leading to the conclusion, the outcomes of a correlation analysis are used as well, looking into causal relationships between specific balance of payments variables on the one hand, and macroeconomic variables on the other. A minor part also deals with the role played in this context by the TARGET2 payment system and answers the question to which extent this system took part in the elimination of the external imbalance of the Southern European countries during the crisis.
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Analysis of the exchanfe rate policy of the Czech Republic and of the associated issues
Novák, Jiří ; Plchová, Božena (advisor) ; Nigrinová, Lenka (referee)
The thesis is focused on exchange rate policy of the Czech Republic. Its goal is to analyze this policy in connection with reaching an external balance of the economy and also from the point of view of its role during transformation in the Czech Republic. The common European currency and its possible introduction in the Czech Republic is also an issue associated with the exchange rate policy. At the beginning, basic terms and related theoretical approaches are introduced and in the next part, balance of payments approaches are analyzed using selected examples. The following chapter deals with exchange rate policy transformation process in Czechoslovakia and then in the Czech Republic. The last part is aimed at European monetary integration and especially at potential Czech accession to the euro area.
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Development of the balance of payments of the Czech Republic in the last ten years
Hašková, Barbara ; Jiránková, Martina (advisor) ; Sejkora, Jiří (referee)
This bachelor thesis describes the gradual evolution of the balance of payments of Czech Republic in the last ten years, ergo between years 2002 and 2011. It contains a theoretical part which deals with the fundamental characteristics of the balance of payments. The practical part analyzes the specific evolution of the balance of payments of Czech Republic in period 2002-2011. The conclusion is dedicated to the external economic balance of the country, within which focuses on the investment position, foreign debt and the most important balances of the balance of payments.
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Analysis of the balance of payments of the United Kingdom in 2000-2011
Poláková, Martina ; Jiránková, Martina (advisor) ; Střecha, Michal (referee)
This bachelor thesis deals with the analysis of the balance of payments of the United Kingdom in the years 2000-2011. The first chapter provides a theoretical view of the balance of payments, explains how the balance of payments works and how it is prepared. It defines the main accounts and characterizes the most important balances of balance of payments used to assess the external economic balance. The second chapter describes the development of the balance of payments accounts and also analyzes causes of this development. The third chapter focuses on assessment of the external economic balance of the United Kingdom through balances of the balance of payments, foreign debt and investment position.
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Development of the economy of Norway during economic recession between 2007 and 2012
Blumtritt, Jakub ; Karpová, Eva (advisor) ; Řehořová, Veronika (referee)
The main purpose of this bachelor thesis is to analyse the development of the economy of Norway during the economic recession after 2008 and evaluate its impact on the Norwegian economy. The first chapter deals with basic geographical and political characteristics of Norway, its history after 1945 and economic development during the period 1945-2007. The second chapter focuses on the analysis of basic macroeconomic indicators (GDP, unemployment, inflation, public debt) between 2007 and 2012. The last chapter includes a summary of the main impacts of the economic recession on the economy of Norway, outlook on the future of the Norwegian economy and a description of the relationship between Norway and EU.
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Foreign direct investment in the Czech Republic on the example of TPCA
Machová, Veronika ; Jiránková, Martina (advisor) ; Machytka, Daniel (referee)
This bachelor thesis proceeds from general definition of foreign direct investment and main effects, that they bring to the host economy to their analysis in Czech Republic. Firstly, it contains a development of FDI in Czech Republic in period 1993-2012 and describes the current territorial, sectorial and regional structure. Secondly, there is an analysis of incentives that can foreign investors receive from the government, their effectiveness, disadvantages and their influence on investor's decisions. In the last part, these effects are demonstrated on the investment of TPCA in Středočeský kraj. In conclusion, thesis evaluates regional and public asset of this investment and the real need of providing investment incentives to attract the investment flow into Czech Republic.
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Relations between balance of payments and exchange rate (analysis and comparison of selected countries)
Toperczerová, Michaela ; Durčáková, Jaroslava (advisor) ; Kunz, Tomáš (referee)
This master thesis examines mutual relations between components of the balance of payments and the foreign exchange rate. The first part briefly describes the structure of the balance of payments and the theory of the foreign exchange rate as a macro-economical variable, which can be seen in many different systems. The next part brings the characteristics of historic and recent economic conditions and challenges of four selected countries: Brazil, Russia, India and China (BRIC). In the empirical part, relations between components of the balance of payments and the development of the exchange rate are analyzed by methods of the linear regression. The time-series consisted of annual data for a period of fifteen to seventeen years.
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Development of the external economic balance of the Czech Republic and analysis of the influencing factors
Gajdušková, Kateřina ; Plchová, Božena (advisor) ; Petříček, Václav (referee) ; Olšovský, Rudolf (referee)
The thesis deals with the development of the external economic balance and the influencing factors. It describes the development of individual accounts of the balance of payments from 1993 to 2010 and it mainly focuses on last years and on the time of financial and economic crisis. Consequently in accordance to the basic theoretical concepts, it defines factors which can influence the individual parts of the balance of payments, and it analyzes the mutual relations. On the basis of analysis of the trade balance, current account, basic balance and total balance it was confirmed that the Czech Republic does not have a high risk of external imbalance. But during the financial and economic crisis the external balance worsened, the export of goods and import of direct investment decreased, the balance of income worsened. It was also approved that the external and internal income significantly influence the external balance of the Czech Republic.
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