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The influence of the Asian crisis on the position of the Asian Tigers in the current crisis
Bříza, Pavel ; Hnát, Pavel (advisor) ; Jiránková, Martina (referee)
The thesis examines the influence of the Asian crisis on the position of the Asian Tigers in the current crisis. The aim of the thesis is to identify the main reasons due to which these countries relatively quickly overcame the current crisis. The aim will be achieved by comparison of the reactions of Asian Tigers' economic policies on impacts of the Asian and the current crisis. The thesis is divided into three chapters. The first chapter sets out the main causes of the Asian currency and financial crisis, analyzes the course of crisis and its impact on Asian newly industrialized countries. The second chapter describes the economic development of the countries in the period between the crises. Stabilization measures taken under overcoming the Asian crisis are also evaluated in this chapter. Furthermore, the second chapter analyzes the economic policy of Southeast Asian countries, which in response to the Asian crisis began to accumulate huge amount of foreign exchange reserves. The countries contributed with their policies to the deepening of global imbalances, which are related to the emergence of the current crisis. The third chapter is devoted to the current crisis. As in the first chapter, there are explained the main causes of the crisis, described the course of the crisis in the Southeast Asian countries and then discussed the most significant stabilizing measures that helped to Asian Tigers to overcome the crisis.
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Development of foreign exchanges reserves from 1992 - 2002
Rýglová, Michaela ; Vostrovská, Zdenka (advisor) ; Řežábek, Pavel (referee)
This bachelor thesis focuses on the development of foreign exchange reserves before and after the dissolution of Czechoslovakia and on the changes resulting from the establishment of the Czech National Bank. The purpose of this bachelor thesis is to make an overview of the development of foreign exchange reserves in the Czech Republic after the dissolution of the State Bank of Czechoslovakia, to point out problems connected with the dissolution and to describe the consequent currency changeover. The introduction chapter of this thesis provides a definition of the basic terms in the field of foreign exchange reserves and their development before the dissolution of Czechoslovakia. The bachelor thesis shows the effects of world events on foreign exchange reserves as well as on the operations of the Czech National Bank with foreign exchanbe reserves. I will also describe the impact of world crises on the changes of the instruments used by the Czech National Bank between 1992 and 2002, a period that saw the major changes in Czech banking.
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The International Monetary Fund and its role in Financial crisis
Palková, Zuzana ; Jiránková, Martina (advisor) ; Nováková, Jana (referee)
This bachelor thesis analyses Fund's activity in financial crises and aims to review the effectiveness of the IMF. In the first part there is introduction of the IMF. Its structure, financial resources and instruments which are used in solution of crises are described. In the second part, there is analysis of Fund's role in the selected crisis of 90th - Mexican crisis, crisis in south-east Asia and crisis in Argentina. In analyses, there is always stated a characteristic of the crisis and then evaluation of the role of the IMF. Emphasis is placed on criticism that the IMF's measures have evoked. In the last chapter there is briefly stated the current financial crisis and Fund's participation in it. The thesis also outlines future development of the IMF.
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Asian crisis: reasons, consequences and comparison with the World economic crisis 2008
Nechaeva, Svetlana ; Witzany, Jiří (advisor) ; Witzany, Jiří (referee)
Asian crisis 1997-1998 has become global after financial incidents in Indonesia, Malaysia and Thailand. Asian mini-crises were followed by currencies depreciation, which were pegged to USD, also by decrease of prices of real estate, outflow of foreign financial resources and drop of share prices. Crisis expanded to HongKong and South Korea. In Autumn 1997 signs of crisis arised in Europe, Japan and USA. Less dramatic drop was on Russian, Kazakh, Ukrainian and Singapore markets. By comparing of Asian crisis 1997-98 with World economic crisis 2008 we will be able to see common features and differences. Considering mistakes made during Asian crisis, we will be able to derive possible developments of the World economic slowdown started in 2008.
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