|
|
Vztah mezi zadlužeností domácností a hospodářským cyklem ve vybraných evropských zemích
Oleinik, Aleksandr
The aim of the work is to identify the relationship between household in-debtedness and the economic cycle in selected countries. In the empirical part, the analysis of the period 1996Q1-2022Q4 is carried out, based on data obtained from the BIS (Bank for International Stettlements) and Eurostat. The selection of countries was carried out with the help of work C. Gräb-ner, P. Heimberg, J. Kapeller and B. Schütze, 2019, where the EU states are divided into 4 economic groups. The following were selected: Core (Germany, Belgium), economies with a significant financial sector (Luxembourg, Netherlands), periph-ery (Italy, France), catch-up economies (Poland, Czech Republic). Two crises occurred in the reporting period, financial (2008) and pandem-ic COVID-19 (2020), so the time series was additionally divided into two sections 1996Q1-2007Q4 and 2008Q1-2019Q4, in order to verify the impact of the 2008 crisis on the relationship between debt and the economic cycle. Correlation and vector autoregression with the extension of Granger causality were used for the analysis . It was found that at time t there is a very weak correlation between the economic cycle and household indebtedness . Granger causality shows that the relationship in most states is endogenous, i.e. household indebtedness and the economic cycle interact, but in some states one-sided Granger causality has been identified. In the case of Germany, household indebtedness is a leading indicator of the economic cycle in all the periods examined, whereas in Italy household in-debtedness is a leading indicator only for the whole period). Luxembourg was the only country where no Granger causality was found.
|
|
|
Faktory ovplyvňujúce zadlženosť domácností v Českej republike a v Maďarsku
Gašparíková, Silvia
The bachelor thesis deals with indebtedness of households in the Czech Republic and Hungary. The theoretical part describes the development of household indebtedness in the Czech Republic and Hungary focusing on financial crisis followed by comparing household debt of selected countries of the European Union. Furthermore, the work deals with the description of the most often offered products as a main component of household debt. The work also includes the development of consumption and savings of households in the Czech Republic and Hungary. Finally, the literature review identifies the main determinants affecting household indebtedness. The main part is an empirical analysis of the effects of selected factors of housing loans granted to households in the Czech Republic and Hungary. Based on the summary and comparison of the results measures are suggested to households to prevent negative effects on household indebtedness, focusing on the significance of variables from the regression analyses.
|
|
|
Zadluženost domácností v České republice
Bayerová, Pavlína
The bachelor thesis focuses on the household debts in the Czech Republic together with the main economic factors which influence the indebtedness. The theoretical part describes methods of measuring indebtedness, historical development, splitting of loans, consequences of insolvency and individual economic factors causing the household debts. The empirical part then investigates an impact of some selected factors on the household debts by regression analysis. On the basis of the results, the thesis predicts the future development of the main economic factors influencing the household debts.
|
|
| |
|
|
Zadluženost českých domácností v rámci zemí V4
Zálešáková, Klára
ZÁLEŠÁKOVÁ, K. Czech Republic’s household debt in countries of the Visegrad Group. Bachelor thesis. Brno: Mendel University, 2019. The bachelor thesis deals with the identification and quantification of factors influencing the increasing debt ratio of Czech households. This household debt ratio was compared between the other countries included in the Visegrad Group with performed prediction for future development. The theoretical part studies the case of debt ratio and significant factors influencing the debt ratio. The findings of the thesis derive from comparing the debt ratio development for individual countries of V4 with the use of time series decomposition and multidimensional regression analysis, which evaluated the influence of statically significant factors on the studied samples. The source data was collected from databases like CZSO, CNB ARAD, Eurostat, IMF and Ministry of Labour and Social Affairs.
|
|
|
Development of the household indebtedness in the Czech Republic
Nováková, Kamila ; Blahová, Naďa (advisor)
Bachelor thesis deals with the development of the household indebtedness in the Czech Republic between 2007 and 2016. The aim of the work is to describe indebtedness and its causes, types of loans and types of institutions providing loans. Furthermore, this thesis is focused on changes that were introduced by the new Consumer Credit Act. The thesis also focuses on the situation in the area of enforcement proceedings and on the changes that can be brought by the amendment to the Insolvency Act. The thesis describes the methodology and results of household stress tests performed by the Czech National Bank. Practical part of the thesis includes description of the development of the household indebtedness and its dependence on the inflation rate, the unemployment rate and the average gross wage. Furthermore, the work describes the situation in the area of enforcement proceedings in individual regions. The conclusion includes the evaluation of the work.
|
|
|
The indebtedness of Czech households in 2000-2015 and its macroeconomic context
Sovička, Lukáš ; Ševčík, Miroslav (advisor) ; Pekárek, Štěpán (referee)
The thesis is focused on the analysis of the macroeconomic relationships of the growth of indebtedness of Czech households in 2000 - 2015. The aim of the diploma thesis is to find the main causes of household indebtedness growth and to identify the influence of this process on selected macroeconomic variables. The theoretical part of the diploma thesis deals with money creation, monetary and fiscal policy, the role of money in economic cycles and economic theories of household consumption. The practical part focuses more closely on debt development, its structure and sociodemographic structure of indebted households. The thesis describes the causes of household indebtedness growth, impacts on selected macroeconomic variables, ability of households to meet their financial obligations and, last but not least, international comparisons with selected EU countries. The diploma thesis brings a comprehensive view of the debt of Czech households in the period 2000 - 2015. At the end of the thesis, it explains the main causes and consequences of the growing indebtedness of households, together with the international comparison and the sociodemographic characteristic of indebted households.
|
|
|
Household indebtedness in Czech Republic
Michalčíková, Alena ; Kadeřábková, Božena (advisor) ; Babin, Jan (referee)
This thesis deals with the analysis of influence of choosen macroeconomic and demographic factors on the height of household indebtedness in Czech Republic from 2007 to 2012. The main goal is to study the influence of the unemployment rate on the total household indebtedness. This paper follows the study written by Erin Turinetti and Hong Zhuang (the analysis of indicators that cause growth of household indebtedness in U. S.) with the intention to verify their results on the czech households. In recent paper, this anlysis was extended by the influence of gross domestic product and job vacancies. Theoretical part deals with definition of household, with the theory of consumption and with the causes and development of getting into debt. In practical part of this paper there is examined the influence of individual factors on household indebtedness with the aid of regression analysis. On the basis of models it was proved that unemployment rate has significant influence on the total indebtedness. The increase of this indicator by 1 % will increase indebtedness by 16,5 %. Another important factor reveals to be gross domestic product. Its growth by 1 % leads to 0,000538 % growth in household indebtedness. The variables representing influence of share of inhabitance on basis of achieved education and job vacancies are covered in the extended model. The tendency to higher indebtedness was found out at university graduates. Job vacancies have also positive influence on the height of household indebtedness. It was also proven that the household indebtedness was 9 % higher during the years when economic crisis took place in comparison with another years. The data from Czech Statisitcal Bureau and from ARAD (Czech National Bank) was used for the purpose of this paper.
|
|
|
An Analysis of Family Finances of Selected Employees and the Way out of Debt
Kratochvílová, Pavla ; Smrčka, Luboš (advisor) ; Strouhal, Jiří (referee)
The present diploma thesis deals with the indebtedness of employees of a selected company and the ways to help these employees. The main aim of the thesis is to analyze the present situation of the respective company in terms of foreclosure of its employees and, based on this, to propose possible solutions which might help to improve the financial situations of these employees. The sub-aim of the thesis is to define the reasons for indebtedness as well as to assess the level of financial literacy of selected employees. The thesis is divided into two parts: a theoretical and an analytical one. The thesis uses the following research methods: analysis, semi-structured interview, written questionnaire and secondary document analysis.
|
|
|
Household debt in the Czech Republic
Ullrychová, Jana ; Smrčka, Luboš (advisor) ; Strouhal, Jiří (referee)
The Master's thesis deals with the indebtedness of Czech households. The thesis is divided into theoretical and analytical-practical part. The theoretical part deals with the home economic activities and lending. In the analytical-practical part the author describes the evolution and structure of loans provided to households between 1993 and 2014. The debt ratio is appraisaled in relation to bank deposits, net disposable household income, GDP, national debt and compared with households in the EU. In final the author runs to the conclusion that the current level of debt of households is not any problem for the economics and that there is not any danger of the rapid growth of indebtedness nowadays. Ability to repay debts is not too high as evidenced by the increasing number of executions and personal bankruptcies. The cause of difficulties is the low financial literacy of citizens and irresponsible approach to lending for both the creditor and debtor side.
|
guest ::
