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The impact of speculators on the commodity markets
El-Moussawi, Chadi ; Musílek, Petr (advisor) ; Derner, Tomáš (referee)
In the recent years, there has been growing talk of investing in commodities in the financial markets. In the past, the commodity markets served for purposes of the producers and the end-users of commodities. With gradual innovation of the financial markets in the 19th and 20th century the modern commodity markets evolved and became more standardized. This process was accompanied by the increasing interest of financial speculators. In contrast with the commercial participants, the goal of these new investors in the commodity markets is not to hedge against adverse changes in commodity prices but to profit on the price movements of commodities. The inflow of this group was intensified by the development of new financial instruments enabling these investors to enter the commodity markets. It is undisputable that speculators have positive effect on the markets, by providing liquidity and lowering transaction costs. What remains to be answered is the real effect which the speculators have on the commodity prices, and if their action does not create distortion in the commodity prices. The price development on the commodity markets during the recent financial crisis gives strong arguments in the hands of those accusing the speculators of the negative impact on the commodity prices, which sometimes lead to creation of price bubbles. The goal of this thesis will be the analysis of the effect of speculators on the commodity markets, and if this prejudice is justified.
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Reorganisation as a solution to the bankruptcy of a debtor in the Czech insolvency law
Čmolík, Martin ; Smrčka, Luboš (advisor) ; Schönfeld, Jaroslav (referee)
The main goal of the thesis is to prove on the basis of an analysis and its restrictive conditions that in the core of the bankruptcy proceedings there are roots for mutually advantageous cooperation of certain interest groups, which allow these groups to gain extra utility at the expense of other participants of the proceedings. The other goal of the analysis is to prove, that the process of reorganisation is disadvantageous to the same interest groups and therefore it's in their interest to support the bankruptcy way of solution to the bankruptcy proceedings. At the end of the thesis author also introduces measures designed to lower the interest of the interest groups to the unwanted cooperation.
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Speculation on Commodity Markets
Drnková, Lucie ; Drozen, František (advisor) ; Radová, Jarmila (referee)
The objective of the bachelor thesis is to describe the main principles of trading in commodities focused on speculative trading. Attention is especially paid to commodity spreads. The bachelor thesis is divided into three parts. The first part contains basic information about trading in commodities. The second part is concerned with a detailed characteristic of commodity spreads. The final and the most important part deals with building of my own trading spread strategy. In the closing part functionality and accomplishments of my trading system are proved apart from other facts. Everything is accompanied by my own obtained trading results.
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Commodities and Commodity Market
Bednář, Jan ; Dvořák, Jiří (advisor) ; Pevná, Jana (referee)
The work deals with the possibilities of investing in commodities, theoretical information which is necessary to know before you start investing, tools and systems for investing in commodities. Introduction of major world and czech commodity exchanges.
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