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The impact of exchange rate differences and assuring of business risks in a specific company
HAVLÍNOVÁ, Gabriela
The goal of the submitted thesis ``The impact of exchange rate differences and assuring of business risks in a specific company{\crqq} is dealing with exchange rates risks which appear due to international trading and possibilities of elimination of this risk. The first part is devoted to exchange rate risk, financial derivates and their basic characteristics. The second part deals with the exchange rate impacts and the examples of possible assurance against exchange losses in a specific company
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Analysis and comparison of ICE, ISE and CBOE
Kadorík, Martin ; Veselá, Jitka (advisor)
This bachelor's thesis deals with analysis and comparison of key elements of the structure and activity of derivatives exchanges ICE, ISE and CBOE operating in the United States of America market. The exchanges are compared mainly in terms of regulation, membership, trading systems and products. The final chapter is devoted to evaluating the statistical data to demonstrate commercial activity and composition of the products traded on the compared on-exchange markets.
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Managing the exchange rate risk on the example of import-oriented firm
Garšicová, Beata ; Brůna, Karel (advisor) ; Blaheta, Petr (referee)
The thesis describes the methods of managing the exchange rate risk for the firms. It theoretically characterizes the risk, the reasons for hedging and the possible strategies and hedging practices. It focuses on internal methods, as well as hedging with derivatives. It deals with the different types of exposures and their importance for companies. Practical part brings the example of a concrete import-oriented firm. The company has both economic and translation exposure which are described in details. Apart from that, the thesis brings some improvements in current hedging strategy of the company.
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Financial derivatives as a tool for modern corporation
Mieszkowicz, Andrzej Paweł ; Taušer, Josef (advisor) ; Černá, Iveta (referee)
The objectives of the thesis are to describe financial derivatives in a theoretical way and the situations in which they can be applied. How multinational corporations can take advantage of them in different kind of activities. Thesis consist of three chapters. In first chapter there are considered opportunities and threats for a domestic company to expand its activities abroad. It includes the consideration of which necessary activities must be taken prior to the expansion and which most important analysis must be carried out. Finally there is presented the way of dealing with a risk of currency fluctuations and the analysis of exposures that a multinational corporation must face. The second chapter includes a theoretical description and pricing of various types of financial derivatives. It is divided into section of options, futures with forward and swaps. All derivatives type is considered as a tool for hedging and speculations. There are also presented possible outcomes of using derivatives in situations when a market is not in equilibrium and arbitrage possibilities exist. In the third chapter a practical case of a multinational corporation is used as an expample of Lufthansa Group. There are investigated the types of exposures for running a business that this multinational faces and which types of derivatives are used to deal with them. It is analyzed the value of financial derivatives in that corporation, the internal policy to use them, the prerequisites to apply them and the effect of financial derivatives on a company's profitability and financial position.
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Foreign exchange rate risk management in international trade
Buchta, Martin ; Taušer, Josef (advisor) ; Černá, Iveta (referee)
Diploma thesis is concerned with foreign exchange risk management in terms of international trade. It deals with types of foreign exchange rate risk (transaction exposure, economic exposure, translation exposure) and their influence on business activity. Diploma thesis also focuses on the possibility of future foreign exchange rate's prediction. The main part of the thesis is devoted to various methods of foreign exchange rate risk management. These methods are analysed under two main groups, internal methods and external methods. Under internal methods, following techniques are analysed: netting, matching, leading and lagging, currency diversification, choice of invoicing currency and pricing policy. External methods focus on the use of financial derivatives, specifically currency forwards, currency futures, currency option and currency swaps. Analysis of exchange rate risk management using financial derivatives is supported with illustrative examples.
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Use of Derivatives in International Trade in Agricultural Commodities
Plchotová, Jitka ; Sedláček, Jiří (advisor) ; Chalupa, Leoš (referee)
The aim of this diploma thesis is to theoretically describe the risks connected to entrepreneurship. Stress is put mainly on financial risks that are related to price shifts of agricultural commodities and to changes in the exchange rates. The basis lies in theoretical identification of the nature of possible risks, methods of risk evaluation and description of instruments that serve for the risk elimination. This theoretical knowledge is further applied in case studies dealing with hedging of commodity and currency risks of firms that conduct business in agricultural basic industry. The analysis of firm's position, demonstration of hedging and final evaluation of efficiency are included.
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Impacts of mortgage crisis in the banking sector USA and EU
Novák, Robert ; Burgerová, Jiřina (advisor) ; Ježek, Tomáš (referee)
My work focuses on impacts of mortgage crisis in the banking sector, in particular, the USA and the EU after the collapse of the bank Lehman Brothers. The first chapter focuses on the general causes of the crisis. The second chapter focuses on the risks that are associated with the banking business. The second part of my work deals with individual the falls of the banks and financial assistance of the individual governments to the banking industry. The last chapter of my work evaluates impact on the Czech banking sector.
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Use of structured products in risk management
Otřísalová, Ivana ; Taušer, Josef (advisor) ; Plchová, Božena (referee)
Currently, the companies are exposed to many kinds of risk during the business, especially in case of activities which are overlapping the frontiers of inland market. Risk-aversive businessmen tend to minimize or even eliminate those risks so that they use different types of hedging instruments. The derivatives are a good choice but they are not able to meet all clients' needs sufficiently in their classic simple form at present. That is the reason for rise of their new combinations and modifications which are so-called "tailor-made" for each company separately. The purpose of this paper is to create the compact overview about those "second generation" products and show the interest and currency risk hedging options.
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Technical analysis of selected investment instrument
Gronský, Andrej ; Trešl, Jiří (advisor) ; Veselá, Jitka (referee)
The principal aim of this graduation thesis is to characterize technical analysis including its application to chosen investment instrument. The begining of the thesis consists of the main investment approaches in the capital markets and their comparison with technical analysis. Afterwards, the definition and targets of technical analysis are given. Further, the work focuses on the Dow Theory as the main basis of the contemporary technical analysis and mentions other approaches in technical analysis. Then, the instruments of technical analysis are introduced. Graphical methods are only outlined whereas technical indicators are the focus of attention. There is the selection of twelve of them including their construction and usage. Finally, the application of chosen technical indicators belonging to chosen financial instrument is given and achieved results are commented.
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