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Financial crisis in the United States of America and chosen anti-crisis measures
Ágošton, Peter ; Půlpánová, Stanislava (advisor) ; Matejašák, Milan (referee)
The aim of bachelor thesis "Financial crisis in the United States of America and chosen anti-crisis measures" is to describe more in details causes which led in 2007 and 2008 to the biggest financial crisis since the Great Depression. In thesis there are also described solutions in the form of measures of U.S. goverment, central bank and other institutions which were realized during years 2008 and 2009. The thesis is devided into three main chapters. The first chapter deals with the definition of financial crisis. The second chapter describes the main causes which led to financial crisis. The third chapter analyzes chosen anti-crisis measures in the point of efficiency.
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An analysis of the U.S. government and FED's bailout programs in times of 2008 financial crisis and their impact on the U.S. public debt
Vilímovský, Petr ; Havlíček, David (advisor) ; Stádník, Bohumil (referee)
The financial crisis of 2008 substantially affected global affairs in the early 21st century. Its epicentre lay in the U.S. real estate, mortgage and derivatives markets. In response to the crisis the U.S. government in cooperation with the Federal Reserve established a number of emergency provisions aimed at stabilizing the economy as well as stimulating growth. The objective of this thesis is to analyse the selected provisions in terms of their respective costs, impact on economic indicators and impact on the U.S. public debt. The practical part of this thesis is based on cost-benefit analysis and graphical analysis. Due to the large number of provisions only the most important ones with the highest actual or estimated costs have been analysed. It seems that the TARP program has been the biggest success as it helped to stabilize the interbank market while being poised to be profitable. The first QE is also deemed successful for it helped to start a desired increase in the price level during the period of deflation. The ARRA on the other hand had a minimal impact on the economy while entailing enormous costs. Same applies to the second QE which only led to a factual monetization of the U.S. public debt.
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Causes, progress, consequences and another aspects of the global financial crisis 2008 in international comparison
Novotný, Martin ; Dočkal, Dalibor (advisor) ; Urban, Luděk (referee)
The subject of this thesis is the description of trends in economy during global financial crisis in 2008. The main object of this work is to find causes and especially to analyze the mortgage bubble in financial markets, panic, uncertainty and risk spreading to other sectors. This work analyzes many consequences, which have been caused by financial crisis on global economy. This thesis also focuses on evaluation of important institution's influence, such as investment banks, insurance companies and rating agencies on financial crises. There are used microeconomic and macroeconomic indicators to analyze financial markets and national economies of countries which were affected by the crisis. Also is analyzed if interventions of central bank and government were eligible. This issue is discussed in part which describes economic cycles from perspective of the Austrian school of economics.
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Comparation of the monetary policy of FED and ECB during financial crisis
Mařáček, Tomáš ; Pavlík, Zdeněk (advisor) ; Rotecker, Johannes (referee)
This work examines monetary policy of the Federal Reserve and the European Central Bank during financial crisis from the year of 2007 to the year of 2009. It compares both conventional and unconventional measures of these central banks taken to tackle the financial crisis.In the case of FED, it describes the policy of various targeted instruments and the quantitative eaing. In the case of ECB, it concentrates mainly on LTRO and fixed rate/full allotment tenders.
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Comparison of the monetary policy of the FED during the 1930s and during the Great Crisis
Pospíšil, Lukáš ; Pavlík, Zdeněk (advisor) ; Baluchová, Daniela (referee)
The following bachelor thesis deals with the comparison of the decisions made by the American central bank before and during the period of the Great Depression and the Great Crisis while taking into account several points of view. In order to provide thorough understanding to the reader the first part is about the characterization of the origins of the central banking from the perspective of an representative of the Austrian School of economics Rothbard, the second part is about the organizational structure of the FED. The third chapter compares the politics of the FED before the particular crisis. The core of the thesis lies on the thoughts of Bernanke the present chairman of the FED, who is known due to his study on the Great Depression. It ensures that we better understand the current attitude of the FED. Chapters 4 and 5 evaluate the cause of the very crisis.
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Comparison of monetary policy of FED and BOJ during the financial crisis
Hanuška, Martin ; Pavlík, Zdeněk (advisor) ; Čajka, Radek (referee)
The purpose of this thesis is to examine the causes of the financial crisis and its development in the United States and Japan from the point of view of local central banks -- the Federal Reserve System and the Bank of Japan. The theoretical part is divided into two main chapters. The first one describes factors that played a key role in the making of the financial crisis such as securitization, and excessive lending that triggered the housing bubble. The second chapter focuses on central banking, monetary policy, its goals, and instruments. It also characterizes both the examined central banks as such. The analytical part describes monetary measures introduced by Fed and BoJ between 2007 and 2011 in chronological order. The measures are then compared using the main economic indicators.
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Analysis of impact of legalization of precious metal coins in Utah
Šimák, Vojtěch ; Havel, Jan (advisor) ; Šťastný, Daniel (referee)
This thesis deals with the law, which was enacted in Utah and makes gold and silver coins legal tender in this state. Goal of this thesis is to show how individuals will change their actions, especially regarding their selection of medium of exchange. The thesis shows deficiencies in an acted law and of feral alternative, which could enable more spread use of gold and silver coins. Thesis uses metodology of austrian school, which deals with monetary policy.
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U. S. Monetary Policy in the 1920s
Bednář, Martin ; Tajovský, Ladislav (advisor) ; Jeřábková, Zdenka (referee)
This diploma thesis tries to analyse the monetary policy of the Federal Reserve System in the 1920s. Through a detailed scrutiny of the influence of the American Central Bank on the economic activities it also tries to answer the question whether the Federal Reserve System could be considered as the main factor behind the causes and consequences of the Great Depression. This analysis can be divided into two periods. In the first period it explores the connection between the Federal Reserve System and the so-called New Era of American Capitalism in the 1920s. In addition, it raises the question whether the Central American Bank (through monetary policy tools) influenced the contemporary economic and political development to such an extent that it resulted into the Great Depression. The focus of the second period is the behaviour of the Federal Reserve System right after the Stock Market Crash of 1929.
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českyanglickyněmeckyJapan's economic crisis and its parallels to the current financial crisis in the United States
Kolářová, Veronika ; Jílek, Josef (advisor) ; Munzi, Tomáš (referee)
This thesis analysis the parallel between Japan crises in the 90s and the recent financial crisis, which originated in the United States in 2007. A significant part is devoted to analyzing the root causes of the emergence of the Japan crisis and recent financial crisis. Practical part will focus on analysis of economic cycles of these crises, analysis of price behavior on stock and property market, and finaly on analysis of impact of impact of measures taken on subsequent economic development. Conclusion will seek to answer the question whether the United States expect the same economic development as Japan in the nineties.
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Economic crisis and proposals for measures in the U.S.
Junková, Monika ; Jílek, Josef (advisor) ; Halás, Vladimír (referee)
This thesis deals with the current financial crisis and its solutions. In the first part of this work are analyzed the main causes underlying the emergence of contemporary global crisies. Described are also the methods and financial products through which the crisies spread from the United States of America to the rest of the world, mentioned are main negative impacts of the crisis in the Czech Republic and anti-crisis measures taken by the czech government in context of crisis. In the second part of the work proposed recommendations that could reduce the likelihood of further crises in the future or measures, which could help to solve the current economic crisis. The conclusion summarizes the results of the analysis and answer the question if it is possible to avoid a financial crisis and the resulting economic recession or will come again and again?
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