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Business cycle theory from the point of view of the Austrian school economics
Malárik, Lukáš ; Ryska, Pavel (advisor) ; Kocourek, David (referee)
This bachelor thesis analyzes business cycle theory from the point of view of the Austrian school of economics which sees the main problem in expansion (boom) driven by low interest rates, contrary to mainstream school, which considers the time of recession with insufficient expenditures as the main problem. Therefore, in the first part of this thesis is provided theoretical framework which describes the main features of the Austrian business cycle theory. After the theoretical explanation follows the second, practical, part of the thesis in which I employed the theory from the first part in order to interpret the situation in Japanese economy since 1980 until present. The main reason is that after the bust of 1990 is Japanese economic still not fully recovered in spite of many recovery attempts based on mainstream macroe- conomic approach. At the end of the thesis it is shown that the Austrian business cycle theory is capable of interpreting the economic development in Japan as well as propose solutions that will lead to recovery. 1
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Consumer credits in Czech Republic through the optics of behavioral economics : the impact of the form of presented information on the individual's decision making
Švejdová, Lenka ; Bauer, Michal (advisor) ; Ryska, Pavel (referee)
This study is inspired by behavioral economics, which reveals some of the biases in people's behavior and stresses the importance of the form of presented information. The aim of this study is to show the impact of the form of presented information on the individual's decision making in case of choosing consumer credit. We design hypothetical questionnaires each with one specific table introducing three different consumer credits. Each table provides participant with different form of contract conditions, which however always bear the same level of price and sanction information. Such price and sanction manipulations enable us to measure the participants' trade-off between the price of the credit and related potential sanction costs and how the preferences change if we add claryfing form of contract conditions. Empirical analysis reveals that if the conditions of the consumer credits are presented in more transparent way, it seams to be possible to nudge consumers towards safer credit without restricting the range of options. The effort of the study is therefore to show the importance of financial institutions providing borrowers with transparent and unambiguous credit contracts.
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Modern Banking and Preference Channels
Regináč, Jozef ; Ryska, Pavel (advisor) ; Pečená, Magda (referee)
Financial markets are nowadays more important than ever. Financial crisis of the previous decade demonstrated their power to influence stability of the whole economy. Since the consensus blames weak regulation and considers the only solution to be its extension, this thesis tries to provide the proof of existence of other options. The focus is firstly aimed at the weaknesses of the fractional reserve banking, which does not follow the basic legal principles of a deposit contract. This practice results in price fluctuations and favoritism of first takers of newly created money. Moreover, the thesis develops a new method of analysis, which emphasizes the application of preferences in exchanges. Important outcome of this method is the demonstration that the public does not have to always prefer the most evolved form of institution. All institutions within commercial banks are then analyzed with the use of this method and the thesis shows where preference channels are being interfered with. This analysis also reveals another outcome of fractional reserve banking, which is that the newly created money is only used according to the preferences of commercial bankers. We suggest that circumvention of the true nature of a deposit contract leads to a similar outcome in loan banking, where funds gathered by loan...
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The phenomenon of empty gallery
Brožka, Petr ; Havlík, Vladimír (referee) ; Chamonikolasová, Kaliopi (referee) ; Ryška, Pavel (referee) ; Kvíčala, Petr (advisor)
The doctoral thesis deals with the topic of exihibiting empty gallery space. The purpose is to clarify the specifics that accompany the exhibited empty gallery and to define the essence of more general patterns of exposition in the gallery space. Doctoral thesis also presents the special simple void that generates art itself. Finally, the text reopens a polemic within the institutional theory of art. Doctoral thesis criticizes the established terminology related with exposition of the empty gallery.
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Anime - Characteristic of animated style
Hájek, Tomáš ; Ryška, Pavel (advisor) ; Klimt, Aurel (referee)
In this paper I crack down on the character of Japonese animated film - anime. The paper is divaded into several chapters, whitch together form a encased unit in a way that fits the chosen topic of my bachelor paper. Every chapter deals with a different aspect, from history to the wordage or artistic utilities of the manga draughtsmen. This paper is not dedicated only to animators, who would like to expend their knowledge, but also to outsiders, who are just interested in this specific and outstanding form of art.
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The development of the armaments industry in the region Považská Bystrica in the years 1930-1945
Ryška, Juraj ; Szobi, Pavel (advisor) ; Soběhart, Radek (referee)
The main objective of this thesis is to analyze the weapons industry in the region Považská Bystrica in 1930 to 1945. The said period was crucial for rapid establishment and the further development of the engineering character in the socialist era. In the introduction to explain the main cause of the armaments industry in the town, which begins to create the arrival Zbrojovka Brno. Other thematic areas of work will discuss and explain the process of building defense industry plants in various stages of construction. They will be on rapid development and expansion, which were characteristic of reference of the industry in the construction period. Then I will deal with the progressive direction of military production in World War II. I captured the main trends, the status of armaments production in the region and the consequences of the political situation in the armaments industry on the eve of war. The final chapter bringing the consequences of armed conflict itself and formation of the Slovak state on development of military production in the monitored region. As a prerequisite to complement the overall color is the development of the sector throughout the period under review is a brief description of the social, political and social situation in that area. My thesis should explain and confirm the fact that downstream engineering industry in the socialist era has evolved from armaments.
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