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The evolution of foreign exchange market
Věříš, Jakub ; Stádník, Bohumil (advisor)
We will investigate the origin of money and its original purpose within this project report and main causes and reasons of the most important financial history milestones of currency exchange rates development are revealed. The last article is solely dedicated to current currency exchange situation of the world's market; its possibilities for exploits by both global and small scale investors; its own dangers within the nowadays financial system and the floating currency rates. I have concluded my thoughts about possibilities of future currency rate development in the very last section.
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International terrorism and human rights
Dutkevičová, Lenka ; Šturma, Pavel (advisor) ; Bílková, Veronika (referee)
145 International Terrorism and Human Rights Terrorism has posed a threat to humans, and their lives and rights for centuries; however, it started gaining attention in the 19th century, as it became quite a widespread means of reaching political goals first of anarchists and later other groups. Every generation has claimed 'their terrorism' to be a completely new sort of terrorism never seen before, but all this has been more about perception rather than real change of the situation. One such new era allegedly started with the terrorist attacks on the WTA and the Pentagon in the USA on 11 September 2001. It is arguable whether that terrorism is a new one, but the response was definitely harsher than before, because this time reaction to one event engulfed the whole world. The attack was certainly bigger than usual, that much must be admitted, and it targeted symbols of a nation that had been endangered on its soil in such a way just once before, a superpower whose vulnerability was suddenly revealed. The people all around the world got scared and politicians reached to strong means of fighting the threat and protecting their people, sometimes restoring to controversial or blatantly unlawful ways, occasionally clearly exploiting the situation. International law - general, humanitarian, criminal and mainly...
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The stock market volatility in the Czech Republic : rises and falls
Princ, Michael ; Netuka, Martin (advisor) ; Seidler, Jakub (referee)
The thesis concentrate on a volatility analysis os a stock market in the Czech Republic in years 1994-2009 including a comparison with a data available from world developed stock markets - namely European region, USA and Japan, econometric tools include GARCH model and its most popular derivates and generalisations I.E. IGARCH, EGARCH AND APARCH PROCESSES. The thesis is split into two main parts. The first part is devoted to a PSE volatility analysis based only on domestic data series involving GARCH class model estimations, forecasting abilities comparison and also a structural-break analysis based on the ICSS algorithm including the Inclan-Tiao test and its successors. Next part involves a dynamic analysis based on DCC MVGARCH model, which describes a change in a volatility spillover effect during the time. Data source used during the model estimation includes a development of stock indices and also net profits from point of view of Czech investor investing on global markets. It is furthermore supported by Granger causality estimation, which reveals a long-lasting unidirectional dependence of PSE on other developed markets. The complex results, which arise from a synergistic compound of particular econometric models, show that the stock market in the Czech Republic came through three main phases.
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Philosophical Motifs in Czech Reflexive Lyrics of 1930's
Šimek, Petr ; Hauser, Michael (referee) ; Blažková, Miloslava (advisor)
Resume Diploma thesis Philosophical Motifs in Czech Reflexive Lyrics of 1930's. This discourse attempts to embrace philosophically the leading motifs (silence, death, time) in Czech reflexive poetry on the break of 1920's and 1930's as well as earliy thirties. It interprets the motif of silence as the silence of ens in the poems by Vladimir Holan.This silence reveals itself as ens of totality of being, as the silence of god, as the silent stimulus to writing poetry stemming from the difference between a thing and world ("Seyn"), as the silence concealingly revealing "Lichtung" - field of all appearing being. The silence is comprised in an exprience of anxiety where ens interprets oneself without being. The motif of death is philosophically analysed from the verses by Frantisek Halas. This analysis is focused on the relationship between the death, purpose of one's life and authentic existence arising from understanding of 'ens to death' as its very own alternative. The third part of the thesis is dedicated to philosophical interpretation of time in the poems by losef Hora. The time is qualitative, not quantitative. The perception of time is later on approaching to a notion of god and life. Significant similarities and parallels with the concept of time of Henri Bergson have been found in rendition of given...
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Essays in Applied Microeconomics: School Admission Mechanisms and Corporate Bankrupcy
Knot, Ondřej ; Roland, Gérard (advisor) ; Švejnar, Jan (referee) ; Filer, Randall (referee)
In my dissertation, I address two topics in applied microeconomics. First two chapters deal with the functioning of school admission mechanisms and their affects on student school choice behavior. Third chapter deals with the question of optimal bankruptcy law design. Pupil-school matching mechanisms play a critical role in the schooling system. They affect the behavior of students and-through the information they convey-also the behavior of the schools and the authorities responsible for education policy. In the first chapter (joint with Daniel Münich), using a computational simulation model, we analyze the functioning of an admission scheme used in the Czech Republic as a prototype of decentralized, ability-based admission schemes widely used in the world to assign pupils to upper-secondary schools. Our findings show large incidence of strategic misrepresentation of school preferences among applicants, large differences between revealed and trued demand, and large incidence of justified envy in the resulting matching. We point out several implication this could have for functioning of schooling systems. In the second chapter, I empirically study the behavior of students under the Czech pupil-school matching mechanism. Using district-level data on demand for public gymnasia, I find significant evidence...
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Cultural policy in the USA and the USSR after WWII
Vorlová, Tereza ; Reiman, Michal (advisor) ; Litera, Bohuslav (referee)
Diploma thesis "Cultural Policy of the USA and the USSR after WWII deals with the developments of post-war approach of the two states towards culture. The historical understanding of cultural policy in both countries is outlined, which explains the different models of cultural policy, is followed by a detailed analysis of post-war development of policy towards culture in the USA and the USSR, which reveals the main trends. Comparison of the two makes clear to what extent are the post-war phenomena in cultural policy analogous. The aim of this thesis is to offer a conceptual and methodological foundation for the comparison of cultural policy after the Second World War. The concept of cultural policy "as display" by Raymond Williams is offered to explain the extent of similarities between the events taking place in cultural policy of the two superpowers in the first post-war decade.
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Under the monastery vine by Elin Pelin and its connection to the well of Saint Clare by Anatole France
Obůrková, Tereza ; Čolobova, Žoržeta (referee) ; Grigorov, Dobromir (advisor)
On the basis of the contradictory opinions of Bulgarian critics, the objective of this study was to compare the short story cycle Under the monastery vine by Elin Pelin and The We/l of Saint Clare by Anatole France and to determine their relation. Detailed analyse of the books revealed the significant difference. Elin Pelin in the legendary stories presents his model of the ideal world (the world of the fantasy of the common faith of Bulgarian people). Bulgarian writer demonstrates the truth he is convinced of to the reader by basing the narrative on the plot. The We/l af Saint Clare is not a homogeneous book, it can be devided into two parts, where the first part deals with the impressive themes that are remarked by the parnasist beginnings of Anatole France (his pure aesthetical attitude towards writing is at variance with the attitude of Elin Pelin). The stories of the second part are full of philosophical meditations and monologues, in which a french writer takes the engaged position, characteristic for his supreme works. He is not only against the fanatic and dog matic manifestations of the religion like Elin Pelin, but he is also against the faith as such. However Anatole France does not directly instruct the reader, he only demonstrates that any "truth" could be challenged and questioned and any...
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Vliv východního rozšíření EU na obchod vybraných nových členských států se třetími zeměmi (Trade Effects of the East Enlargement in the CEECs)
Polášek, Petr ; Němcová, Ingeborg (advisor) ; Joklová, Kateřina (referee)
The thesis analyses the effect of the Eastern enlargement on goods flows into four CEECs. In the beginning, the Eastern enlargement and numerous related economic effects are briefly characterised. After that it focuses on trade diversion and trade creation effects, starting with a concise discussion of the traditional customs union theory and followed by the explanation of the choice of the estimation method. A gravity model applied on a panel data set is then used to model the import flows into the EU15 and the Czech Republic, Hungary, Poland and Slovakia. The results showed that a careful choice of the model specification and estimating technique is needed and the model that controlled for four sources of unobserved heterogeneity (time, country pair, importer, and exporter specific characteristics) was chosen. Based on this model's results, we could expect a significant increase of imports from EFTA into these countries but aggregately we should not expect any trade diversion as no further redirecting of import flows from the rest of the world is predicted. Eventually, some of the real trade flow developments (territorial and commodity structures and revealed comparative advantages of selected regions) are described.
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The automatic image as a translation of life-world
Halák, Jan ; Novotný, Karel (referee) ; Petříček, Miroslav (advisor)
The automatic image as a translation oj life-world The author's aim is to trace down the basic tendencies of phenomenality, introduced into the lifeworld by means of the automatic image, by understending this medium as a translation of the style of appearing of beings. He joins the critique of the modem understanding of being as the presence in the consciousness of subject and discems a parallel between the modem repraesentatio and the photographic image. By criticising the conception od V. Flusser, the paper (meanwhile negatively) disawovs the possibility of eliminating the corporeity and the non-positivity of meaning by means of the photographic image. The paper then analyses the specific space oj the image as this is its medium of revealing. This pictorial space is principally determinned by perspective projection, yet this is what eliminates the corporeity (chair) of both recipient and the world - and due to this the non-positivity of the field of appearence of things. Newertheless the projection preserves the topologic dimension of the space of the image. The autor then focuses on the Merleau-Ponty' s conception of "vertical Being" and attempts to trace down the relation between the topologic arrangement and the chiasma of perceptive perspectives. To deliver the photographic image from its strictly...
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The history of the European monetary unions
Přílepková, Hana ; Půlpán, Karel (advisor) ; Pazderník, Roman (referee)
This thesis depicts monetary integration of the European states from the second half of the nineteenth century to the period after the First World War, which was taking place against the background of the then metallic monetary systems. The aim is to provide a comprehensive view of the historical developement of integrating tendencies and to reveal the reasons of its successes and failures. The first part provides a brief theoretical introduction, the stress is putted especially on the theory of optimal currency areas. The remaining parts deal with monetary unions of the surveyed period. Firstly we look at the ways in which national and multinational monetary unions of the nineteenth century were realized. The spontaneous adoption of the gold standard by the majority of countries in the 1870s created world monetary union based on a system of fixed exchange rates. Finally we focuse on the Austro-Hungarian monetary union. Powered by TCPDF (www.tcpdf.org)
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