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Fiskální krize v eurozóně
Chmelař, Dominik
Chmelař, D. Fiscal crisis in Eurozone. Bachelor thesis. Brno, 2014. The aim of this bachelor thesis is to analyse the causes of the fiscal crisis in the PIIGS countries and then compare the effect of different causes in particular coun-tries. The first part of the thesis analyses the condition of economy in countries before the crisis focusing on fiscal discipline. Then the probable causes are deter-mined and their impact on the start of the crisis in specific countries is compared. At the same time solutions are proposed to improve situation and then some steps of governments are presented.
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Financování vybraných fotbalových klubů v kontextu působnosti pravidel Financial Fair Play
Abrahámek, Patrik
Abrahámek, P. Financing of chosen football clubs in the context of the Financial Fair Play rules. Bachelor thesis. Brno: Mendel University in Brno, 2014. The bachelor thesis is focused on the financing issues of chosen football clubs in Europe. The chosen clubs are the English Chelsea FC, Spanish FC Barcelona, Ger-man Borussia Dortmund, and Italian Juventus FC. In the theoretical part, I describe the Financial Fair Play rules and related eco-nomic indicators used in the practical part. The practical part deals with the com-parison of financing of the chosen football clubs on the basis of the economic indicators, before and after the application of the Financial Fair Play rules. I involve also an evaluation of the fulfillment of the Financial Fair Play conditions by the football clubs. Economic indicators used in the thesis are incomes, costs, profits, and wages per incomes.
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The Influence of the State Debt on defense spending in Selected NATO States
Hodžic, Faris ; Izák, Vratislav (advisor) ; Ochrana, František (referee) ; Holcner, Vladan (referee)
The defense spending plays a significant role in the decision-making process of setting up a defense policy. The economy of a state, its performance and development rank among the main factors that influence the size of this public expenditure. At a time of economic stagnation in the Western European countries, the ongoing public debt crisis affects to a ever growing extent all areas of public spending, including the defense. This work aims to contribute to the current knowledge in the field of defense economy and public finance by investigating the influence of the state debt on defense spending. The first part of the work is dedicated to defining the economy of defense and providing a brief summary of its historical development, followed by a discussion of defense as a pure public good. This chapter analyzes the issue of public debt and explains how the major schools of economic theory approach this problem. The second part outlines the previous research in the field of defense spending and debt, their development and the potential relationship with macroeconomic variables. The third chapter presents and discusses the results of empirical research that is based on the theoretical assumptions and models introduced in the first two chapters. The analysis was performed on time series from the period of 1978 to 2011 (34 years) for seven NATO member states: Belgium, Denmark, France, Italy, Netherlands, UK and USA. The empirical analysis was performed by the statistical methods of regression and panel regression. The primary hypothesis on the existence of a relationship between the public debt and defense spending was confirmed and the partial hypothesis that this relationship is negative was refuted.
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Evaluation of credit rating agencies and its influence on states and corporations
Exner, Martin ; Štekláč, Jiří (advisor) ; Misic, Viktorija (referee)
The bacholer thesis is focused on understanding the rating agencies and the effects they create the ratings on the rated Entities. Specifically, the sovereign states. Funding for the debt in recent years in both public and private finances are increasingly common. Investors make decisions about their investments based on information about the solvency of the debtor. Since rating agencies that assess the creditworthiness are very powerful entity in the financial market. In the thesis I will use historical statistical data to try to uncover the possibility of failure of rating agencies and to determine, how they are influencing entities, especialy sovereign states through sovereign ratings.
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Impact of financial crisis on public finance in Czech Republic
Hudáková, Zuzana ; Ochrana, František (advisor) ; Vítek, Leoš (referee)
The final thesis deals with impact of financial crisis on public finance in Czech Republic. The aim of my thesis is to give to a reader an idea about impact of financial crisis on the state budget of CR, especially on expenditure and revenue side. Except of this, according to the Maastricht criteria, it is evaluated effect on debt of public budget and deficit of state budget. At the thesis are used sources mostly from CNB, MFCR and OECD. In theoretical part is defined the term "financial crisis", described causes of origin of the financial crisis and analysis impact of financial crisis on the world markets. Next part of the thesis is devoted to examination and analyzes of impacts of financial crisis on public budget, particularly on revenues, expenditures, debt and deficit of the budgets. At last part of the diploma thesis we can find adequate recommendations and summary of knowledge, which emerged from provided analysis.
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The Analysis of Hungarian Indebtedness after 1989
Kudláček, Jan ; Petrášek, František (advisor) ; Vokoun, Marek (referee)
Hungary has struggled with budget problems throughout its post-socialist history. With knowledge of economic theory it is possible to analyze the evolution of Hungary's debt after 1989 and thus deduce its weaknesses. Populism and fiscal irresponsibility have characterized majority of Hungarian governments to some extent. Hence, the key to understanding the debt of Hungary may be found on the political level of budgetary policy. With regard to the economic situation, Hungary was forced to implement significant cost-saving measures in recent years. These measures are evaluated at the end of the work. They can be crucial not only in terms of the budgetary situation but also with respect to the perspective on the future economic development and competitiveness of the entire economy.
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