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The Influence of Foreign Bank Ownership on the Banking System in the Czech Republic
Čermák, Jakub ; Polák, Petr (advisor) ; Hejlová, Hana (referee)
The intention of the thesis is to analyse the Czech banking sector between the years 2003 and 2017 and focus on the behaviour of the foreign banks. Analysing exhaustive quarterly data from the CNB internal database, it is shown that during the studied period, the foreign banks controlled 90% to 96% of the total banking assets in the country. The lending activities of the foreign banks are found procyclical, in contrast to the countercyclical activities of the Czech banks. Contrary to the expectations, corporate loans of the foreign banks do not show a higher degree of procyclicality than the other types of loans. Furthermore, no evidence is found for the claim that the foreign banks' lending patterns follow the business cycles of the home countries of these banks. However, the relation between the GDP growth of the foreign banks' home countries and the foreign banks' loan growth became significant during the global financial crisis between 2008 and 2009. Out of the bank performance ratios, the equity-to-assets ratio is revealed to significantly influence the loan growth of the foreign banks.
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Philosophy of History according G. Vica
BAŠTOVÁ, Lucie
The thesis focuses on the interpretation of the theory of history from GiambattistaVico, italian philosopher from 17th century. His theory is focused on the design of an ideal history, which is cyclical in nature, which specifik the manifestations of each of the three ages. These form a closed look of the existence of nations. The first age is the age of divine, then heroic age, which can be considered temporary, and eventually human age, that is quantitatively the heighest. This ideal of history is governed by rational principle of pursuing a specific objective, which is the perfekt state system by vision of Plato, the guiding principleVico called providence. Upon approaching default theory, the work deals comparison of selected theories of philosophers with the koncept of Vico, namely: G.W.F. Hegel, Auguste Comte, Oswald Spengler and Arnold Toynbee.
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