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Optimal Investment Portfolio with Respect to the Term Structure of the Risk-Return Tradeoff
Urban, Matěj ; Rippel, Milan (advisor) ; Červinka, Michal (referee)
My thesis will focus on optimal investment decisions, especially those that are planned for longer investment horizon. I will review the literature, showing that changes in investment opportunities can alter the risk-return tradeoff over time and that asset return predictability has an important effect on the variance and correlation structure of returns on bonds, stocks and T bills across investment horizons. The main attention will be given to pension funds, which are institutional investors with relatively long investment horizon. I will find the term structure of risk-return tradeoff in the empirical part of this paper. Later on I will add some variables into the model and investigate whether it can improve the results. Finally the optimal investment strategies will be constructed for various levels of risk tolerance and the results will be compared with strategies of Czech pension funds. I am going to use data from Thomson Reuters Datastream, Wharton Research Data Services and additionally from some other sources.
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Experimentally obtained values and their elaboration using SBRA-method
Pirner, Miroš
The article is aimed to inform about the knowledge accumulated in the field of dynamic experiments and identification of condition of concrete bridges, attention is primarily given to the method of Simulation Based Reliability Assessment (SBRA-method). The second part informs about application of this method in the field of aerodynamics of civil engineering structures.
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Multilingualism in K. M. Čapek Chod's prose
Klímová, Ivana ; Hošnová, Eva (referee) ; Mareš, Petr (advisor)
The theme of this work is multilingualism in prose of K. M. Čapek Chod, author, who wrote his romans and stories at the turn of 19th and 20th century. It shows various methods how to work with foreign-language elements, whether in replications of characters or in narrator's zone. It tries to describe assorted functions of these elements (function of characterization, documentation, constitution of atmosphere and other). Attention is also paid totranslation. For mentioned purpose this work results from literature which is engaged in this phenomenom, especially in monograph "Also, nazdar!" by P. Mareš.
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Mobile Phone Through the Prism of Sociology
Kolářová, Kristina ; Duffková, Jana (advisor) ; Trunda, Jiří (referee)
The theoretical part of this thesis intends to familiarize the reader with review of the results of recent studies of how a mobile phone affects individuals, communication and society as a whole. Space is given to the issue of behavioural differences between men and women in relation to mobile phones. The last section shows how big is the attention given to a mobile phone in the field of marketing research. In the research part, the author uses methods typical rather to marketing research, an eye tracking, RTA and interviews to do the research whose goal was to describe the process of selection when buying a mobile phone via e- shop and to point out the possible differences between men and women. Measuring eye attention of 50 participants in the age of 18 - 29 years (25 men, 25 women) showed that eye behaviour of men and women when choosing a mobile phone differed significantly, particularly at the time that respondents gave to particular information areas. The interviews resulted in further differences such as differences in the importance of different criteria for both genders or unequal level of independence in selecting the phone.
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Aktivní XML
Ignáth, Štefan ; Nečaský, Martin (referee) ; Janeček, Jan (advisor)
This work is concerned about the usage of so called active XML for the implementation of distributed algorithms. The active XML is introduced in the form of Web Services and the XML-RPC protocol. Both of these technologies are based on the exchange of XML-based messages. While the XML-RPC protocol is nowadays an unused and almost forgotten technology, the Web Services are getting more and more attention over the last few years. The communication of Web Services is based on the exchange of SOAP messages. The interface of these services is described by WSDL files. Besides the description of these already mentioned technologies, this thesis is concerned with possible modifications of these technologies in order to implement distributed algorithms. Since the requirements of distributed algorithms, as they are conceived by the academics, are diametrically different from the requirements of business applications, for which were the Web Services developed, great compromises are necessary. The practical part of this work points at possible solutions for the usage of Web Services in the distributed algorithm computing on an exemplary implementation. Another distributed algorithm is implemented with the usage of the XMLRPC protocol and the comparison of these implementations is done.
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French-Arab literature in the Czech translations
Ondrušková, Marie ; Belisová, Šárka (referee) ; Šotolová, Jovanka (advisor)
The to pic i s divided in to two parts: the theoretical part comprises characteristics of Arabic francophone authors and the cultural background that they come from. The thesis constitutes an elementary database of the most important Arabic authors and their works, giving considerable attention to the controversial issue of works written by Maghrebian women authors, as well as to current problems of the Islamic world. Among the most important authors, who enrich the literature of the world and contribute also to the literary science, we could mention Assia Djebar (specialized in the comparative literature, teaches at the University of New York), Tahar Ben Jelloun, who writes about blending of cultures and necessity of peaceful coexistence, etc. The French cultural policy creates optimum conditions for Arabic francophone authors, who thus never fail to bring profit to their publishers.
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The theme of love and the aesthetic ideal of perfect lover in Heian tales with poems
Tirala, Martin ; Švarcová, Zdeňka (advisor) ; Löwensteinová, Miriam (referee) ; Líman, Antonín Václav (referee)
This thesis deals with the the theme of love and the aesthetic ideal of perfect lover in tales with poems (monogatari) from the middle of the Heian period (7941185). Firstly it pursues the historical and social conditions that influenced genesis of these works. Special attention is given to the marriage institution and the nature of love in this period. Afterwards the author included an analysis of the theme of love poetry in the first imperial anthology of Japanese poetry (Kokinwakash) and its love discourse. The thesis deals also with the basic aesthetic ideals of the Heain period and tries to investigate their authentic meaning in the context of classical Japanese literature. However, the main concern of this thesis is the analysis of Ise monogatari (Tales of Ise). It deals with the problems of the genesis, date, authorship and the meaning of its title, as well as the construction of the work. Then comes the study of Ariwara no Narihira, the historical figure, who is probably the protagonist of this literary text, and the author also deals with the problems concerning the interpretation of this character in the context of the middle age commentaries of Ise monogatari. In the last chapter of the thesis the author shows the way the theme of love and the aesthetic ideal of perfect lover developed in other...
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Crime relating to the abuse of addictive substances
Houdek, Tomáš ; Vokoun, Rudolf (advisor) ; Herczeg, Jiří (referee)
69 Resumé/Summary Crime relating to the abuse of addictive substances My diploma thesis tries to provide compedious information about non-alcoholic drugs and law problems connected with them. The biggest attention I dedicate to hempen substances - marihuana and hashish as, after alcohol and tobacco, the commonest abused drug in the world. Legal analysis is necessarily accompanied by historical, sociological and medical research which exposes the complexity of antidrug legislation. After the very beginning, where I explain few important terms (drug, addiction), follows the basic division of these substances upon general specification of their effects and risk of uprise of addiction, eventually other health comlications. Next chapters belong to hemp (cannabis) - its description, occurrence, method of use (as a drug, healing herb and also industrial raw material) etc. Crime relating to the abuse of addictive substances is a main issue of the chapter 3. Next chapter pursues the development of drug laws in our country (util now) with the necessary introduction in the form of international regulation - international conventions on drugs - as its part. Within the framework of this chapter I pay particular attention to §187a and §188a which cause the most controversy of the current drug legislation. Contemplation...
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The Macro-finance Model of the Czech Economy
Urbánková, Jana ; Baxa, Jaromír (advisor) ; Cahlík, Tomáš (referee)
The thesis introduces the macro-finance model of the Czecheconomy by setting the VAR model, which includes components representing theyield curve estimatedwithin theNelson-Siegel framework. The thesis contributes to the current streamof researchby including both the policy interest rateand the interbank interest rateas endogeneous variables in the VAR model, which allows for differentiation between monetarypolicy shocks and shocks to interbank rates. The above-mentioned model then serves as a frameworkfor analyzing interactions betweenfinancial and macroeconomicvariables in the period from 2000 to 2015. The thesis pays special attention to theperiod 2008-2013 and shows that the introduction of the FX commitment in November 2013 had a significant positive effect on GDP and inflation within 12 months after the introduction of the FX commitment. The thesis concludes that exchangeratemovements affectedalmost uniformly short-term and long-terminterest rates, and thus the yield curve slope stayed largelyunaffected by exchangeratemovements.
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Can population growth contribute to economic growth of the country?
Rauschová, Lenka ; Lipka, David (advisor) ; Mládek, Josef (referee)
A statement of Harvard economists about the impact of demographic variables on the East Asian economic growth, often called "economic miracle", raised many discussions about the sources of economic growth. In this work, I focus on the historical development of the mainstream opinions on the field of demographic-economic relations and the role of the demographic characteristics in the economic growth models. This paper uses graphics tools to analyse the changes in mortality, fertility, dependecy ratios and age structures in four Asian countries (Hongkong, Singapore, South Korea and Japan). These demographics values prepared the basis for their rapid economic development. I compare empirical results of Kelley and Schmidt model, Bloom model and Mishra model to make a conclusion of what is the impact of demographic variables on the economic growth and how they contribute to the total economic growth. Finally, I draw the attention to the macroeconomic interventions with detailed focus on domestic savings, labour market flexibility and human capital investments.
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