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The existence of EGAP in relation of market and state failures (costs and benefits of EGAP for Czech Republic)
Pýcha, Mikuláš ; Mandel, Martin (advisor) ; Havlíček, David (referee)
Diploma thesis focuses on an issue regarding the state interventions into market economy and provides the explanation, how does different economic ideas approach this issue and whether they support or deny the state interventions. It focuses in detail on support that is provided towards exporting companies. Czech Republic has two export credit agencies, firstly Export Guarantee and Insurance Corporation (EGAP) and secondly Czech Export Bank (CEB). This diploma thesis analyses only EGAP´s structure and quantifies the impact of its existence on Czech economy. In a first part we analyze historical evolution of ideologies that deals with state interventions and market failures in connection with support for exporters. It continues by description how international institutions like WTO or OECD work. Rules for export credit agencies, which summarize Consensus OECD, are closely analyzed. From this point forward the practical part begins to focus on EGAP´s structure. Firstly we describe the mechanism of support through the specific insurance products for exporters, following by analysis of uncommon structure of premium rate. The diploma thesis presents EGAP´s different approach in areas of regulation, structure of shareholders and uncommon risks insuring from regular commercial insurance company. In the last part we describe the procedure of evaluating the output of EGAP´s support for its whole existence. The analysis measures the profits and losses in related areas that were supported by EGAP´s insurance products. Mainly these areas are following: Accumulated loss of EGAP, The amount of profit amongst supported exporters, The amount of profit amongst financing banks and in the end the analysis of the positive impact on the unemployment in Czech Republic. The result should show, how convenient is for government to possess such an institution, especially nowadays when all developed countries do own similar institutions.
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The role of EGAP and other selected ECAs in export guarantee and insurance schemes
Kupcová, Barbora ; Gullová, Soňa (advisor) ; Zamykalová, Miroslava (referee)
This thesis focuses on the role of EGAP and other selected ECAs in export guarantee and insurance schemes in the world. The objective of the thesis is to define the role of EGAP in comparison to other selected ECAs regarding the adjustment of premium rates level. The other goal is aimed at the result of the comparative analysis, which consists of recommendation to the Czech ECA of how to have the effective premium rates set. In the view of the fact, that including all insurance products would be impossible to carry out the analysis, only one product regarding the type D Insurance of an Export Buyer Credit against the risk of non-payment was selected and applied to the analysis.
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Export support in the Czech Republic and its evaluation
Lišková, Alena ; Regnerová, Olga (advisor) ; Zdeněk, Zdeněk (referee)
This diploma thesis describes the support of exports in the Czech Republic and the current state of the export policy. First section of the thesis includes a literature review that outlines the basic facts concerning the issue of foreign trade, it's statistics, degree of openness of the economy and commodity and territorial structure. In the chapter called 'export policy' it also lists state and private institutions and entities providing export support.
The practical section discusses Export Strategy 2012 - 2020, its main objectives and visions and the basic pillars, which outline the individual project cards to the objectives of the strategy. Also detailed is the fulfilment of the Export Strategy for 2015 and the current problems in the Czech export market. Assessment of the problematic is to be found in the conclusion.
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Application of the EPE model in EGAP activities and real impacts of business case on the Czech economy
Ždimerová, Adéla ; Čajka, Radek (advisor) ; Bolotov, Ilya (referee)
This diploma thesis is centred on the importance of State support for exports. It defines the international rules which must be respected by State export policies, and deals with the basic principles and activities of institutions which together form the integrated system of State support for exports in the Czech Republic. Within this overall context, the practical component of this diploma thesis examines the work of the Czech State Export Credit Agency (EGAP), and describes their newly created Export Promotion Effectiveness methodology (EPE) which aims to evaluate the economic risk-benefit of a each business case. It goes on to describe the phases and steps of the underwriting process which every business case must go through. The underwriting process is illustrated with the help of a process map, and defines points at which the EPE model can be used. An important part of this diploma thesis represents a case study which demonstrates the application of the EPE model to a real business case.
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Entry of small and medium-sized enterprises of Czech Republic to European markets and selected instruments of their state and private support
Vaculová, Šárka ; Němečková, Iveta (advisor) ; Trojanová, Kamila (referee)
This bachelor thesis deals with development and history of small and medium-sized enterprises in the Czech Republic and their entry to European markets. The aim of this thesis is to analyse selected instruments of support of state and private institutions. The biggest attention is paid to CzechInvest (with operation programe OPPIK 2014 - 2020) and CzechTrade agencies and also to EGAP and ČEB institutions. This thesis also deals in detail with business incubator "South Moravian Innovation Centre" and opportunities which this centre provides to small and medium-sized enterprises. In the end of the thesis is evaluated one concrete company, its activities in South Moravian Innovation Centre and its reasons for expansion to foreign markets.
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Analysis of export opportunities of the brewery Poutník
VESELÁ, Lenka
The main aim of this thesis is to analyze the brewery Poutník in terms of its foreign trade and possibilities for entering foreign markets. The first part provides the theoretical knowledge of foreign trade, forms of entry into foreign markets and possibilities of export support in the Czech Republic. In the main part there is a characteristic of the brewery Poutník, this part also contains the PEST analysis, the portfolio analysis, the characteristic of selected economic indicators and the SWOT analysis that is form of these analysis. The analysis of potential foreign markets is used in the next part. There are 3 selected states: Slovenia, Italy, Romania. The PEST analysis and the portfolio analysis are provided for each state. Possibilities of export support from the CzechTrade agency, Czech export bank and EGAP are also chosen. At the end of the thesis it was suggested suitable options of the entry to these markets.
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Current Trends within the State Support Credit Insurance System in the Czech Republic
Nakládal, Jiří ; Daňhel, Jaroslav (advisor) ; Fárek, Jiří (referee) ; Procházka, Jan (referee)
This dissertation offers a complex analysis of the state supported export credit market in the Czech Republic. For the most part of the work the author deals with credit insurance market as it represents a key part of the system. Author analyses portfolio specifics of the local export credit insurance agency and searches for the most effective risk mitigation techniques and procedures in order to maintain its long-term non-loss operations while keeping in mind its special supportive mission. Particular attention is given to the export credit insurance agency's business policy that copes with problems of information asymmetry, moral hazard and adverse selection. Author points out the differences between state supported and commercial insurers, analyses European legislation preventing export credit agencies from competition with commercial insurers and outlines more effective endogenous and self-regulating system. Minority of the work deals with less important export credit financing agency that represents a dominant player at the export credit financing market. Author finds almost twenty reasons of its extraordinary position at the market that has no analogy within developed countries worldwide and outlines a system securing its complement role to the commercial banks. Finally the author provides the analysis of the whole state supported export credit system, highlights its main risks in conjunction with each other and concludes that combination of negative circumstances influencing several important features of the system could possibly lead to a long-term instability of the system.
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Institutional support of Czech exporters on strategic markets
Hávová, Lenka ; Plchová, Božena (advisor) ; Müllerová, Františka (referee)
The diploma thesis focuses on institutional structure of trade promotion in the Czech Republic and highlights the activities of particular trade promotion agencies on strategic markets - China and Brazil. The thesis contains also detailed description of EU Common Commercial Policy and how it influences the trade policy-making in the Czech Republic. The part of the thesis analyses the international trade of the Czech Republic, including the territorial and commodity structure with subsequent in-depth focus on international trade between the Czech Republic and China/Brazil.
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