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Argumenty Bubliny Vyššího Vzdělání v USA
Kasanová, Barbora ; Chytilová, Helena (advisor) ; Prokop, Jaromír (referee)
Unsustainable business practices coupled with an illusion of the masses plagues the higher education model in the United States today. It used to hold that college was the key to a successful job for fresh graduates. . . . We are in the midst of a speculative bubble composed of inflated expectations about the university system. This paper aims to analyze that there is indeed a speculative bubble of the US Higher Education system. The increased demand for college, skyrocketing tuition and room & board fees, as well as easier access to loans for funding have contributed to the formation of this bubble.
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Analysis of the influence of monetary policy on the creation and course of speculative bubbles on the capital markets
Zajíčková, Tereza ; Titze, Miroslav (advisor) ; Loužek, Marek (referee)
This thesis deals with monetary policy from the point of view of its impact on the creation of speculative bubbles and presents the mechanism with which the central banks can, on a general scale, stimulate a significant increase in prices of assets which has no fundamental justification. The thesis analyses two selected speculative bubbles which preceded one of the deepest economic crises and confirms the significant influence of the expansionary monetary policy of The Fed on their creation. Attention is also paid to the measures implemented by The Fed in reaction to bursting of the pricing bubbles, which are very different in both cases of economic crisis.
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Politika kvantitativního uvolňování jako možná příčina budoucí finanční krize
Náhlík, Tomáš
This thesis deals with the issue of quantitative easing and the risks associated with this policy. Specifically, it is analysing the possibility of a price bubble in the stock market and real estate market as a result of quantitative easing. To identify the presence of a speculative bubble in the stock market are used indicators CAPE and Tobin's Q. It is also analysed the development of the loans granted to purchase shares. For the evaluation of real estate prices is used the ratio between the index of real estate prices and rents index. It also analyses the evolution of the number of newly issued homes and their sales. The values of those indicators show that the stock market is currently highly overvalued. On the contrary, the real estate market situation does not depart from the norm. The main result of this thesis is identification of overvaluation of the US stock market and putting into context with quantitative easing.
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Bubliny na kapitálových trzích
Juračka, Martin
This bachelor thesis deals focus on speculative bubbles on the capital markets. The thesis is performed in theoretical and practical form. Theoretical part deals with the system of financial markets, structure of stock markets and with the theory of speculative bubbles. In practical part, there is introduced the Dot com bubble as the practical illustration of speculative bubble. The main part of this thesis and its goal is focused on possible occurrence of new speculative bubble, which would be similar to Dot com bubble from 2000.
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Spekulativní bubliny na kapitálových trzích
Stoklásek, Libor
This diploma thesis focuses on market anomalies, which are generally known as speculative bubbles. The work is performed in both theoretical and practical form. Theoretical part deals with the functioning of the capital markets, regulation and supervision, causes and consequences of speculative bubbles, basic approaches of efficient market theory and psychological analysis. The main part of this work and its goal is based on partial causal analysis of selected speculative bubbles, to give specific recommendations to regulators, financial intermediaries and individual investors to prevent and mitigate the consequences of the bubble bursting.
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Investment in precious metals
Krišlo, Michal ; Drozen, František (advisor) ; Šípek, Ladislav (referee)
The aim of this thesis is to analyse the current situation on the precious metals market, above all of gold and silver, as metals with an interesting past and future. The result should be a current view of both markets and their unique differences. The first part is devoted to the characteristics of gold and silver, their utilisation and outlook of new applications as a consequence of developing industrial branches in the new millennium. The second part is a more detailed view of the market and an analysis of the aspect of supply and demand of both theese metals and differences that influence their price. The third part brings together the main factors shaping this market and introduces some indicators eligible to watch these markets. The conclusion presents an evaluation of the discussed conclusions in a broader perspective.
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COMPARISON OF CAUSES OF ECONOMIC CRISIS USA 2008 - 2009 AND GREAT ECONOMIC DEPRESSION
Šumbera, Jan ; Johnson, Zdenka (advisor) ; Tajovský, Ladislav (referee)
The main objective of bachelor thesis is to compare the causes of the Great Depression and the financial crisis of 2008 - 2009. First I examine the causes of financial crisis 2008-2009. I referr to the behavior and reactions of financial and non-financial entities and their role in the processes that led to financial crisis. In real estate debt crisis I see initial stage of it, and therefore I emphasize the mechanism of its formation. Second I focus on the causes of the outbreak of the Great Depression. I describe the emergence of the Great Depression with regard to the different monetary structure and its influence on the conduct of businesses. Third I compare causes of both economic crises and define their parallels. The main task is to prove that the Fed's monetary expansion led in both cases to inflate the specific bubble, which resulted directly or indirectly in problems on financial markets.
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Analysis of selected speculative bubbles
Špacírová, Martina ; Veselá, Jitka (advisor) ; Ducháčková, Eva (referee)
Bachelor thesis deals with speculative bubbles in financial markets. The goal of this thesis is to analyze causes of bubbles, their processes and consequences. The first chapter describes definition of bubble, its characteristics and examples of history. Following chapter analyzes the main causes of bubbles and their prediction. The third chapter is aimed at analysis of two particular bubbles and their comparison.
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The evolution of Spanish Real Estate Market
Forejtová, Tereza ; Stuchlíková, Zuzana (advisor) ; Procházková Ilinitchi, Cristina (referee)
This work describes the evolution of Spanish Real Estate Market between the years 2000 and 2010. The construction sector contributed significantly on the GDP, it created new jobs and it was even called the engine of whole Spanish economy. Initially, the work focuses on main causes of the market growth. Further, there is an analysis of the evolution of interest rates which partially explains the evolution of mortgage market. Following part concerns construction itself and the growth of the prices on this market. The conclusion describes the formation of the speculative bubble on Spanish Real Estate Market and the situation emerged after its explosion.
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Analysis of the collapses of the stock market crash
Ivanová, Jarmila ; Musílek, Petr (advisor)
Bachelor work Analysis of the collapses of stock markets is aimed at dismantling the phenomena when a sudden drop in the stock markets , so called crash or collapse occur. The theoretical part deals with the definition of a stock market collapse and continues with an explanation of the creation and causes of the collapse by means of using the theory of speculative bubbles. Speculative bubble theory focuses on investor psychology and behaviour of investors' public. Clarification of speculative bubbles in this work is described by crowd psychology of Gustav Le Bon and the theory of noisy trading. As a direct contradiction to the existence of speculative bubbles the theory of efficient markets is mentioned here. The subject of the analytical part of the work is to study the stock market for the specific purpose of analyzing the particular collapses of stock markets, their causes, circumstances and consequences.
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