|
|
Macroeconomic factors and stock returns: Evidence from three Central and East European countries
Tung, Christopher ; Novák, Jiří (advisor) ; Dědek, Oldřich (referee)
This dissertation deals with the links between stock market returns and foreign exchange rates, industrial production and exports to Germany in three Central and East European countries (the Czech Republic, Hungary and Poland). The main questions addressed are: "Do macroeconomic factors related to foreign exchange rates and industrial production affect stock market returns in the Visegrad-3? And what is the impact of exports to Germany on those stock returns?" This analysis makes use of panel-data and the Arbitrage Pricing Theory (APT) to produce results. Firstly, foreign exchange rates are found to have a negative effect on stock returns. However the divergence in currency returns between the three countries means that the overall effect may be due to some factors that are not accounted for in this analysis. Secondly, there is a positive, but lagged, association between industrial production and stock returns. Thirdly, exports to Germany from the region are also found to have a positive impact on the stock returns of the Visegrad-3. Finally, there is divergence among the three countries with respect to the relationship between the macroeconomic factors and stock returns. Poland and Hungary are seen to exert a significant amount of influence over the region's stock markets.
|
|
|
Viktor Orban's National Hungarian Identity Construct - Securitization of 2015-2016 European Migrant Crisis as Existential Threat
Stein, Kenneth Cavanagh ; Střítecký, Vít (advisor) ; Hynek, Nikola (referee)
Charles University in Prague Faculty of Social Sciences Institute of Political Studies Bc. Kenneth C. Stein Viktor Orbán's National Hungarian Identity Construct: Securitization of the 2015/2016 European Migrant Crisis as Existential Threat? Diplomová Práce Praha 2017 Autor práce: Bc. Kenneth C. Stein Vedoucí práce: PhDr. Vít Střitecký M. Phil., PhD. Oponent práce: Datum obhajoby: 2017 Hodnocení: Abstract: The current paper examines Hungarian Prime Minister Viktor Orbán's speech acts based on the preface that his language communicates political will, power, and serves as an outline for potential future political avenues. Orbán has been one of the most outspoken critics of the European Union's failure to adequately address the ongoing migrant crisis, as well as Europe's immigration issues. The aim of the thesis is to examine the language tools utilized by Orbán according to securitization theory. Utilizing elements of Wodak's Critical Discourse Analysis in combination with Tajfel and Turner's Social Identity Theory, the thesis provides analysis of the texts through the lens of Orbán's creation of a national Hungarian social identity construct as referent object being securitized against the migrant threat. Moreover, the thesis provides an overall analysis of Orbán's brand of Hungarian social identity...
|
|
|
Populism and Nationalism in the Visegrad Group Countries after 1990: Study 1.192
Dražanová, Lenka
ato práce zpracovává čtyři případové studie věnované populistickým a nacionalistickým motivům na politické scéně zemí Visegrádu. Nejprve jsou stručně načrtnuty společné problémy, s nimiž se musely země Visegrádské skupiny vyrovnat v rámci vytváření nové identity po pádu komunismu. Poté je v rámci každého státu věnována pozornost některým specifickým událostem, je rozebírán základ těchto událostí a jejich vztah ke kořenům nacionalismu ve společnosti. V předkládané práci autorka vychází z definování dvou modelů národa: 1. etnický či kulturní národ a 2. státní národ. Autorka vychází z předpokladu, že ve veřejném diskurzu zemí Visegrádu převládá koncepce národa jako společenství etnicko-kulturního, přičemž toto pojetí vidí jako nedostatek.
Fulltext:  PDF
|
|
|
Gravity model and efficiency of trade between China and EU countries: Visegrad group, Germany, Austria
Papoušek, Radan ; Benáček, Vladimír (advisor) ; Janský, Petr (referee)
Bibliographic note Papoušek Radan. Gravity model and efficiency of trade between China and EU countries: Visegrad group, Germany, Austria. Praha 2017. 87 p. Master's thesis (Mgr.) Charles University in Prague, Faculty of Social Sciences, Institute of Eco- nomic Studies. Supervisor: doc. Ing. Vladimír Benáček CSc. Character count: 115 210 Abstract The thesis analyzes bilateral trade between China and Visegrad group (V4), Austria, and Germany. I use panel data of 23 countries across 1995-2015 to esti- mate gravity model. I compare the countries among themselves (time-series view) and analyze the development of the crucial variables employed in the model (cross- sectional view). Further, I estimate efficiency scores based on stochastic frontier analysis (SFA). Connecting the findings from all three perspectives provides com- prehensive picture of the trade relations of the given countries with China. The thesis reveals that accession to EU was beneficial for trade between V4 and China. Global value chains (GVCs) also help to intensify the trade exchange between the European countries and China. I find that Austria and Germany exhibit higher effi- ciency scores for their exports mainly due to better positions in global value chains. V4's trade balance with China is very sensitive to the decisions of the international...
|
|
|
Prepared for the Worst: Counter-terrorism in the Visegrad
Stehlík, Jan ; Hokovský, Radko (advisor) ; Bureš, Oldřich (referee)
The study investigates the development of counter-terrorism in the Czech Republic, Hungary, Poland and Slovakia between 1989 and 2017, with a focus on developments of the Criminal Code and changes in the institutional framework. A description of counter-terrorism developments is constructed for each country. Subsequently, general hypotheses about counter-terrorism development derived from existing literature are tested using causal-process tracing tools, resulting in preliminary conclusions about the causes of the identified developments. The results indicate that changes in the Criminal Code were primarily driven by external pressure from international organisations, whereas institutional changes tended to result from country-specific processes, threat perception and inspiration from abroad. Keywords: Counter-terrorism, terrorism, Visegrad, Central Eastern Europe, Czech Republic, Hungary, Poland, Slovakia
|
|
|
Institutional Determinants of Investment Inflows into Transitional Economies
Donu, Victoria ; Mertlík, Pavel (advisor) ; Benáček, Vladimír (referee)
This thesis investigates the relationship between institutional quality and the level of investment inflows into post-communist countries. I attempt to empirically verify the argument that institutional determinants are essential in explaining the variation in investment inflows into transition economies after the demise of socialism in the early 1990s. The role of institutions is assessed using Economic Freedom indices provided by the Heritage Foundation. Consequently, to investigate the progress of institutional quality in transition economies, I further employ indicators developed by the European Bank for Reconstruction and Development. Using a panel data set for 11 transition countries from 1993 to 2013, I conclude that the impact of institutional quality on investment inflows is not negligible, yet much weaker than suggested by the existing theoretical literature. Using a fixed-effects model framework in both regression benchmarks with metrics from the Heritage Foundation and the European Bank for Reconstruction and Development, respectively, I observe that the impact of institutional variables on the level of investment was less significant than expected. Moreover, macroeconomic fundamentals appear to always play a more substantial role than institutional factors. KEYWORDS: foreign direct...
|
|
|
Macroeconomic factors and stock returns: Evidence from three Central and East European countries
Tung, Christopher ; Novák, Jiří (advisor) ; Dědek, Oldřich (referee)
This dissertation deals with the links between stock market returns and foreign exchange rates, industrial production and exports to Germany in three Central and East European countries (the Czech Republic, Hungary and Poland). The main questions addressed are: "Do macroeconomic factors related to foreign exchange rates and industrial production affect stock market returns in the Visegrad-3? And what is the impact of exports to Germany on those stock returns?" This analysis makes use of panel-data and the Arbitrage Pricing Theory (APT) to produce results. Firstly, foreign exchange rates are found to have a negative effect on stock returns. However the divergence in currency returns between the three countries means that the overall effect may be due to some factors that are not accounted for in this analysis. Secondly, there is a positive, but lagged, association between industrial production and stock returns. Thirdly, exports to Germany from the region are also found to have a positive impact on the stock returns of the Visegrad-3. Finally, there is divergence among the three countries with respect to the relationship between the macroeconomic factors and stock returns. Poland and Hungary are seen to exert a significant amount of influence over the region's stock markets.
|
|
|
Viktor Orban's National Hungarian Identity Construct - Securitization of 2015-2016 European Migrant Crisis as Existential Threat
Stein, Kenneth Cavanagh ; Střítecký, Vít (advisor) ; Hynek, Nikola (referee)
Charles University in Prague Faculty of Social Sciences Institute of Political Studies Bc. Kenneth C. Stein Viktor Orbán's National Hungarian Identity Construct: Securitization of the 2015/2016 European Migrant Crisis as Existential Threat? Diplomová Práce Praha 2017 Autor práce: Bc. Kenneth C. Stein Vedoucí práce: PhDr. Vít Střitecký M. Phil., PhD. Oponent práce: Datum obhajoby: 2017 Hodnocení: Abstract: The current paper examines Hungarian Prime Minister Viktor Orbán's speech acts based on the preface that his language communicates political will, power, and serves as an outline for potential future political avenues. Orbán has been one of the most outspoken critics of the European Union's failure to adequately address the ongoing migrant crisis, as well as Europe's immigration issues. The aim of the thesis is to examine the language tools utilized by Orbán according to securitization theory. Utilizing elements of Wodak's Critical Discourse Analysis in combination with Tajfel and Turner's Social Identity Theory, the thesis provides analysis of the texts through the lens of Orbán's creation of a national Hungarian social identity construct as referent object being securitized against the migrant threat. Moreover, the thesis provides an overall analysis of Orbán's brand of Hungarian social identity...
|
|
|
Zahranicni politiky Visegradu vuci Kosovu
Raynova, Boryana Ivanova ; Maslowski, Nicolas (advisor) ; Dubský, Zbyněk (referee)
The aim of the master thesis is to analyze the Visegrad foreign policies towards Kosovo and moreover the question of the development of its international status as a sovereign state. First, the focus is on the context of action of thoses four countries in a stategical and historical perspective. Then it is described how are constructed the foreign policies the Visegrad countries towards the specific question of Kosovo, taking into account the different national constraints and opportunities.
|
|
|
International student festivals in the Visegrad Group
Vančáková, Klára ; Riedlbauch, Václav (advisor) ; Maršíková, Šárka (referee)
Diploma thesis deals with international student festivals in the Visegrad Group. The thesis describes higher education systems in Visegrad countries and explores in detail higher education students' theatre festivals. The main aim of the thesis is to find out whether the cooperation of higher education students from the field of theatre acting in Visegrad countries is sufficient, to analyze the support system for their cultural activities and suggest a suitable solution. To achieve the main objective of the paper the survey method and the method of semi-structured dialogue were used.
|
guest ::
