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Analysis of the Balance of Payments of Slovak Republic
Romaňáková, Anna ; Brůna, Karel (advisor) ; Ondřich, Libor (referee)
The aim of the bachelor thesis is to give compact overview of development of the balance of payments of Slovak Republic from 1993 to 2008. First and second part describe theoretical resources for better understanding of relationship within the frame of balance of payments. Empirical section is divided into two chapters. The third chapter contains description of the development of each account. The fourth chapter focuses on the analysis of both international investment position and external debt along with the analysis of the most important balances, that explain the slovak external relationship with the rest of the world.
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Mutual relations of balance of payments, exchange rate and foreign exchange reserves
Zelba, Michal ; Durčáková, Jaroslava (advisor) ; Čermáková, Daniela (referee)
This work assesses influence of balance of payments on exchange rate movement, whether nominal or real, and feed back. First part defines balance of payments and content of its items. Further, main theories of exchange rate movements are presented. In the ensuing empirical section economies of similiar type are compared, firstly two large, rather open economies of USA and United Kingdom. The next comparation analyzes differences between two small, rather open economies, and that is Czech republic and Switzerland.
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Analysis of the Balance of Payments of the Republic of Armenia
Davtyan, Emil ; Brůna, Karel (advisor)
This bachelor thesis analyzes the development of the balance of payments of Armenia from 1993 to 2008. The work is divided into theoretical and practical part. In the theoretical part is a general description of the balance of payments, its history, the compilation process, the basic characteristics of main accounts and balances necessary to analyze the international economic equilibrium. At the practical part is described the history of Armenia with an emphasis on the transition to market system, development of partial accounts and balances of the balance of payments and their analysis.
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U.S External Economic Balance
Kouřilová, Eva ; Taušer, Josef (advisor) ; Černá, Iveta (referee)
Diploma thesis deals with the US external economic balance, particularly balance of payments, international investment position, indebtness and the dollar exchange rate. The first part includes the theoretical approach to external economic balance and related terms. Furthermore, I focus on the status of current and financial account of the United States in detail. Here I evaluate the balances of BOP parts and search for the explanation of this situation. I also focus on international investment position of the United States, the development of foreign direct investment and debt indicators. The work also contains a detailed analysis of the U.S. balance of payments for the years 2004 - 2008. The last section is a treatise on the history of the dollar, development of its rate, expected future developments and relationships with U.S. major trading partner, China.
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Sustainability and the future of managed floating in China
Švarc, Jiří ; Antoš, Ondřej (advisor) ; Ježek, Tomáš (referee)
The purpose of this thesis is to study the Balance of Payments and the Exchange Rate of the People's Republic of China, and it aims to assess whether the current performance of their Managed Floating Exchange Rate is sustainable in the future (given the equilibrium of China's Balance of Payments) and examine what effect would a Free Floating Renminbi Exchange Rate have on the Chinese economy. The work uses the method of compilation - gathering and organizing information on the development of China's External Balance of Payments, renminbi, and foreign exchange reserves. Government, together with the Central Bank initially practiced the Fixed Exchange Rate of the domestic currency against the U.S. dollar. The Stable Exchange Rate regime has been replaced by a system of Managed Floating since the second half of 2005. In this context the work uses the method of comparison -- comparing the situation before the mentioned replacement, and subsequent development. Based on the individual findings, it has become obvious that a significant imbalance in China's equilibrium Balance of Payments continues. Furthermore, the work suggests effects the Free Floating Exchange Rate of renminbi would have on the Chinese economy. The conclusion points out the possible complications of China's currency management that may affect the Chinese economy.
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Impact of migration on the balance of payments of the Czech Republic
Kušmírek, Michal ; Kalínská, Emílie (advisor) ; Lukáš, Zdeněk (referee)
The content of this study is the issue of labour force migration and its impacts on economics. The first two chapters discuss the theoretic basis of the phenomena of migration and introduce us the balance of payments. A precise explanation of its horizontal and vertical structure is fundamental for the understanding of the following chapters. In the second part of the thesis a practical application of theories and statistical data is carried out. The changes in the employment of foreign workers in the Czech Republic as well as the migration flows of Czech workers to foreign countries since the break up of Czechoslovakia are to be measured and evaluated. Remittances in the flow of time will be observed and their impacts studied. The main goal is to find out the dimensions in which labour force migration influences the Czech balance of payments.
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Analysis of selected aspects of the balance of payments of the Czech Republic
Němeček, Přemysl ; Plchová, Božena (advisor) ; Nigrinová, Lenka (referee)
Balance of payments is a key tool for the analysis of external equilibrium of a country. In this paper I present the analysis of selected aspects of the balance of payments of the Czech Republic from 2003 to 2008. It was found out, that the basic characteristic is a deficit on current account, backed by a surplus on financial account, especially by inflow of direct foreign investements. Several risks for Czech economy may be assumed: trade balance deficit at the end of 2008, growing deficit on the current account, outflow of gains from direct investments, deteriorating investment position and rising external debt. Some relations were confirmed (effect of portfolio and direct investments on exchange rate, effect of interest rate differential on portfolio investments, effect of investment incentives on trade balance), others were not confirmed (effect of the exchange rate on trade balance).
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Analysis of the balance of payments of the Czech Republic
Iser, Jan ; Jiránková, Martina (advisor) ; Neumann, Pavel (referee)
This bachelor thesis deals with the analysis of the balance of payments of the Czech Republic in the years 1993-2007. The first part offers a theoretical view of the balance of payments, the principles of its assembling, its structure and the most important balances of balance of payments. The second practical chapter focuses on the development of the individual accounts of the balance of payments in connection with the important events influencing the Czech economy. The third part treats of the external economic stability. It deals with the foreign debt, international investment position and balances of balance of payments.
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External Economic Stability of the Slovak Republic
Böhmerová, Petra ; Žamberský, Pavel (advisor) ; Adámková, Vlasta (referee)
The objective of the thesis is to analyze the external economic stability of the Slovak republic. First part of the thesis explains fundamental theories of the balance of payments, its structure and equalizing mechanisms. The analysis of the external economic stability is based on the development of the balances of payments between the years 2000 and 2008. The analysis of the external debt and the international investment position are also involved to complete the image of the Slovak external economic stability.
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