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Similarities and differences in the Depression and the economic crisis in 2008 and 2009
Moravcová, Marie ; Czesaný, Slavoj (advisor) ; Mládek, Josef (referee)
This thesis focuses on two of the biggest economic crisis that hit the world over the past hundred years. Because both crises have several common and different features, the main aim of this work to compare the results of analyzes of both the crisis in terms of identifying their similarities and differences. The main goal is the specifics of disability trends and macroeconomic contexts of monetary and fiscal policy in the crisis decades. The empirical part of this thesis is focused on the economy of the United States of America. In the methodological approach to monitor and analyze financial and economic crisis is distinguished from several time levels. This is an analysis of the same features and heterogeneities of the business cycle in the pre-crisis, crisis and post-crisis period.
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Murry Rothbard a jeho přispění k objasnění Velké hospodářské krize
Sejček, Zdeněk ; Potužák, Pavel (advisor) ; Štěpánek, Pavel (referee)
There were many attempts to explain what exactly happened to USA?s economy between years 1921 and 1929. First and for many years the only one ?mainstream? explanation was that the main cause of Great Depression was underconsumption and overinvestment brought about by irresponsible customers and much more irresponsible investors. But there were also other explanations, based on totally contradictory conclusions and main cause of business cycles was found in state?s driven monetary expansion. Murray Rothbard?s explanation, based on Austrian Business Cycle Theory and developed in his book America?s Great Depression (written in 1963), is just one of them. In this book (despite of it has more than 300 pages) he advocates only one receipt how to avoid depressions: to stop FED?s power to inflate. Only this governmental agency, delegated by government to care about money and to expand money stock when necessary, can cause such big depression as Great Depression had been. Natural business cycle, less serious without compare, is organic part of every market and there is no reason to fight against it. But in the background with ever-present governmental attempt to do things better than something uncontrolled like market, business cycle changes itself to destructive long-term process that might take multiple more time to recover back to prosperous and healthy economic system. As Rothbard pointed out, all depressions without governmental interference were short-lived and self-adjustment process completed itself as rapidly as possible. The main ambition of my work would be to summarize Murray Rothbard?s work regarding Business Cycle and especially Great Depression and put it in context of Austrian Business Cycle Theory.
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Business Cycle ? the Perspective of Austrian School
Plíva, Rostislav ; Šulcová, Jitka (advisor) ; Brada, Jaroslav (referee)
Práce se snaží vysvětlit monetární příčiny hospodářských cyklů a zkoumá media a mechanismy jejich šíření v ekonomice. Vychází při tom z rakouské teorie kapitálu. Metodou zkoumání jsou postupy logické dedukce. Výstupem je deskriptivní analýza obecných příčin hospodářských cyklů z hlediska obecné ekonomické teorie rakouské školy. V praktické části je proveden rozbor těch nejdůležitějších hospodářsko-politických opatření před a během Velké deprese. Na té byla teorie monetárních příčin hospodářského cyklu prakticky testována. Z této aplikace vyplývá, že Velká deprese měla tak dlouhé trvání právě kvůli nevhodným hospodářským politikám americké vlády a byla způsobena nevhodnou měnovou politikou Federálního rezervního systému.
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Murry Rothbard a jeho přispění k objasnění Velké hospodářské krize
Sejček, Zdeněk ; Potužák, Pavel (advisor) ; Štěpánek, Pavel (referee)
There were many attempts to explain what exactly happened to USA?s economy between years 1921 and 1929. First and for many years the only one ?mainstream? explanation was that the main cause of Great Depression was underconsumption and overinvestment brought about by irresponsible customers and much more irresponsible investors. But there were also other explanations, based on totally contradictory conclusions and main cause of business cycles was found in state?s driven monetary expansion. Murray Rothbard?s explanation, based on Austrian Business Cycle Theory and developed in his book America?s Great Depression (written in 1963), is just one of them. In this book (despite of it has more than 300 pages) he advocates only one receipt how to avoid depressions: to stop FED?s power to inflate. Only this governmental agency, delegated by government to care about money and to expand money stock when necessary, can cause such big depression as Great Depression had been. Natural business cycle, less serious without compare, is organic part of every market and there is no reason to fight against it. But in the background with ever-present governmental attempt to do things better than something uncontrolled like market, business cycle changes itself to destructive long-term process that might take multiple more time to recover back to prosperous and healthy economic system. As Rothbard pointed out, all depressions without governmental interference were short-lived and self-adjustment process completed itself as rapidly as possible. The main ambition of my work would be to summarize Murray Rothbard?s work regarding Business Cycle and especially Great Depression and put it in context of Austrian Business Cycle Theory.
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Human behaviour and economic crises
Šťastný, Jan ; Sirůček, Pavel (advisor) ; Breňová, Lubomíra (referee)
This bachelor thesis treats with the two longest economic crisis in last eighty years and the way how they were influenced by human behavior. Is it possible some subconscious aspects of human behavior were one of the causes of start of Great depression or Mortgage crisis? Under the influence of human trust or stories spread among people some acts significantly affects business cycle. The power of media and their specialists who are giving advices to us about investing is inconsiderable. But is it right?
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The Bologna process: Trends and objectives in Czech higher education
Voslařová, Barbora ; Vostrovská, Zdenka (advisor) ; Kotýnková, Magdalena (referee)
The paper is dedicated to mapping the basic development of the Bologna process and its main priorities until 2012, mainly thanks to documents written during conferences held. It describes in more detail the selected targets, such as mobility, national qualifications framework and the introduction of a three-level structure of education in the European Higher Education Area, which was created by the Bologna process. The paper describes these priorities, especially from the perspective of the Czech Republic and the United Kingdom of Great Britain and Northern Ireland. On the basis of mutual comparisons I discover some deficiencies of Czech implementation and deduce ways to effectively deal with these shortcomings. I mention the need to remodel programs of Bachelor cycle in more professionally oriented programs. Hypothesis of this paper is that the implementation of the priorities of the Bologna process has a positive impact on the Czech higher education. The paper this assertion does not confirm nor disprove. It only points out, that in the long run will show the overall positivity or negativity of the Bologna process in the Czech Republic.
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Stanovení exprese vybraných proteinů apoptotické kaskády v lidském endometriu
Dolgovyazova, Anastassiya ; Švandová, Ivana (advisor) ; Vondrejs, Vladimír (referee)
Apoptosis is a process of the programmed cell death in response to severe mutations in DNA or cell stress. Apoptosis plays a key role in tissue maintenance by eliminating senescent and damaged cells. Various molecules take part in apoptosis, main participants are Bcl-2 protein family and caspases. The latter one are responsible for apoptosis execution, while Bcl-2 protein family regulates apoptotic pathway. Failure of this regulation may cause several pathologies, including development of neoplastic tissue. Human endometrium is a speci c tissue, in which apoptosis is present in cycling pattern. Present study shows expression level of Bcl-2, Bax, Bad, Bid, pro-caspase-3, caspase-3 and PARP in normal, atrophic, hyperplastic and cancerous (Grade I and II) human endometrium. Bad and Bid proteins can be possible breakpoints in neoplastic transfer due to opposit expression in cancerous and hyperplastic endometrium.
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Initial Public Offerings in the Czech Republic and in the World
Zahradníková, Kristýna ; Marek, Petr (advisor) ; Podškubka, Tomáš (referee)
Initial public offerings as a source of obtaining the additional capital usually used for financing new projects or further development of companies are popular especially in the United States and Great Britain. There is not such a tradition of initial pubic offerings in the Czech Republic where companies usually prefer to use credit resources prevailingly from the banks. The aim of this paper is to define initial public offerings not only on the general basis but also specifically on the stock markets in France and in Spain. This paper focuses on the Euronext Paris stock market in France and the Madrid stock market in Spain. Firstly, the basic advantages and disadvantages of IPOs are defined in conjunction with the principal IPO anomalies. Secondly, this paper gives a general outline of the IPO process in the Czech Republic. Consequently, this paper presents an overview of the IPO activity in France, Spain and in Europe on the whole in the past few years. Furthermore, it defines particular conditions of admission to the French and Spanish stock markets specified above. Concerning the affinity of the number and total offering value of the French and Spanish IPOs and the business cycle, this paper endeavours to prove certain relation using the correlation analysis. The IPO process in France and in Spain is demonstrated on the specific examples of one French and one Spanish IPO.
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American mortgage crisis
Lukeš, Filip ; Antoš, Ondřej (advisor) ; Zemplinerová, Alena (referee)
This bachelor thesis is focused on American mortgage crisis. It was highly influenced by book Money, Bank Credit, and Economic Cycles. This book was written by Jesús Huerta de Soto, who uses the theory of Austrian school, which is applicable to contemporary crisis. Austrian theory and another terms related to crisis are explained in the first part. In the second part thesis explain how such a huge crisis occured and in particular is focused on one of the most discussed area -- subprime mortgages. In the third part the consequences of cisis are analysed. In the last part of this thesis situations on mortgage market in the Czech republic is compared with the American mortgage market, impacts of crisis and state reaction on this crisis.
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