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The Role of the Gold in the Central Banking
Kluzová, Denisa ; Bažantová, Ilona (advisor) ; Dupáková, Lenka (referee)
Role of gold in central banking Abstract The first chapter is devoted to the characteristics of central banks as institutions that have a monopoly on the issue of cash money, conduct monetary policy and regulate the banking system. The first central banks emerged in the 17th century. However, they differed from the contemporary central banks. Their primary task was to provide financial resources to the sovereign. They gradually gained more power over time and became the central banks that exist today. Contemporary central banks usually have powers such as issuing cash money, conducting monetary policy, regulation and supervision of the banking sector. Central banks compile their balance sheets, which are statements of the amount and structure of assets and liabilities. Gold is among the items that appear on central bank balance sheets. The second chapter is important for understanding how the gold standard function. It explains concepts such as the pure standard and the modified gold standard, which covers the gold bullion standard, the gold reserve standard and the gold exchange standard. The third chapter describes the evolution of the gold standard since the 1930s when monetary blocks, consisting of states with similiar views on the continuation of the gold standard, were formed. These included the gold...
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Extraction of arteries and veins from fundus image of human retina
Baláš, Ondřej ; Říha, Kamil (referee) ; Minář, Jiří (advisor)
This bachelor’s thesis deals with methods of image segmentation and their use in the extraction of blood vessels of the eye from so called fundus images. For understanding the issue, various methods of segmentation, anatomical view of the eye, image processing and implementation are described on following pages. This thesis also contains a proposal of an application, programmed in JAVA, supported by OpenCV library for image processing. Final images from the application are compared to „golden standard“ images from public databases.
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Gold and its Influence on the Current World
Nguyen, Ngoc Han ; Cibulka, Jakub (advisor) ; Fleischmann, Luboš (referee)
The bachelor thesis deals with the topic of gold. The goal is to understand the function and significance of gold in the modern world and analyse main factors influencing gold prices. The thesis explores gold trading, gold reserves and how central banks deal with these reserves. It also discusses gold standard and the Bretton Woods system. The thesis analyses how demand, supply, currencies, monetary policy and other factors influence the price of gold. Between some factors the correlation analysis is conducted.
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Extraction of arteries and veins from fundus image of human retina
Baláš, Ondřej ; Říha, Kamil (referee) ; Minář, Jiří (advisor)
This bachelor’s thesis deals with methods of image segmentation and their use in the extraction of blood vessels of the eye from so called fundus images. For understanding the issue, various methods of segmentation, anatomical view of the eye, image processing and implementation are described on following pages. This thesis also contains a proposal of an application, programmed in JAVA, supported by OpenCV library for image processing. Final images from the application are compared to „golden standard“ images from public databases.
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Analysis of the Factors of Collapse of the Bretton Woods Monetary System
Havlíček, Jiří ; Johnson, Zdenka (advisor) ; Chalupecký, Petr (referee)
This bachelor thesis focuses on the Bretton Woods monetary system which was the important factor influencing the international economic situation since the end of World War II until the beginning of the 1970s. Specifically, the thesis focuses on the analysis of factors which led to the collapse of the Bretton Woods monetary system and tries to answer the question if the main reason of the collapse was irresponsible fiscal policy of the USA. In the first part, there is a description of creation, final version of the Bretton Woods agreement, and key institutions of the system. Main part of thesis is divided into the three subchapters. Each one adresses one of the three major problems of the Bretton Woods monetary system, which were adjustment problem, liquidity problem, and confidence problem. There is an analysis of causes and consequences of each issue. Conclusion of the thesis is the statement that fiscal policy of the USA was not either underlying, or original cause of the collapse of the system, however the fiscal policy of the USA worsened the situation and greatly accelerated the collapse of the system. But it is not possible to identify the key problem, the issues were too much interrelated to determine the most critical.
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The Great Depression in the USA – process, causes and advice
Dvořák, Jan ; Sirůček, Pavel (advisor) ; Dobrylovský, Jiří (referee)
This Bachelor thesis deals with The Great Depression. The work describes economic and political situation during 20's and 30's of 20th century. First part of this thesis focuses on a time period which led to the eruption of the crisis. Second part solves political actions of Franklin Delano Roosevelt, which were supposed to restore economic situation, and analyzes impact of these actions on economics. The work searches the causes of this crisis and attempts to find a solution on how to prevent before similar crisis in future.
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Grounds of appeasement policy in Great Britain between wars
Langmajer, Jakub ; Soběhart, Radek (advisor) ; Stellner, František (referee)
In my bachelor work I will try to analyze in light of political, military and economical point of view the grounds of appeasement policy genesis during interwar period in Britain. I used hypothesis of supremacy of domestic policy, which influenced steps following this policy supporters in the interwar period as a measure for final classification of this policy of appeasement. These items arouse a serious discussion even in present-day period. Were the supporters of "apeasement" only cowards, who were not able to defy the growing totalitarian regime danger in the world or were they politicians of vision, who considered future battle as inevitable and therefore they tried to win as much time as possible for rearmament and war preparation.
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Gold and silver on the international market
Hájková, Markéta ; Malý, Josef (advisor) ; Nejedlý, Michal (referee)
This work will focus on gold and silver and their position on the international market. Through their history I will analyze their major significance today and in history as well. The main purpose of this work will be prediction of future importance of gold and silver. The work will also include consideration of reimposition of the gold standard.
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What Has Government Done to Our Money : Do we necessarily need the Central Bank?
Jandová, Daniela ; Antoš, Ondřej (advisor) ; Štěpánek, Pavel (referee)
Based on inspiration of F. A. Hayek's book "Denationalisation of Money" and a book "What Has Government Done to Our Money" written by Murray N. Rothbard, this work wants to show how can a market with several currencies work. These authors from Austrian school introduce little controversial and for many people unimaginable theme to have banking system without the key role of Central Bank. This also closely related with Hayek's reason of business cycle, which he find in continuous interference with monetary reserves. The work controverts a topic, if it is not just the central banks and a system, which allows fiducially issue money, which caused the actual crises. The point, if a monetary policy of central banks has only caused fluctuations of economy, is still actually. This baccalaurean work deals with questions like: How did the Government interfere with sphere of money? Should we leave the Gold Standard? Would a competition between banks issuing their own currencies work? and many other.
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K vývoji amerických financí za velké hospodářské krize
Obonyová, Zuzana ; Stellner, František (advisor) ; Tajovský, Ladislav (referee)
Diplomová práce se věnuje popisu a analýze chování institucí finančního sektoru, tj. komerčního a centrálního bankovnictví USA v období Velké hospodářské krize. Zkoumá faktory, které mohly společně zapříčinit bezprecedentní bankovní kolaps na začátku třicátých let. Cílem práce je nabídnout přehledný a srozumitelný obraz o tom, jak americký finanční systém a její instituce, zejména komerční banky, Federální rezervní systém a zlatý standard, fungovaly v době Velké hospodářské krize. Velký prostor je věnován roli, kterou během události sehrál Federální rezervní systém prostřednictvím své strategie během dvacátých let a v době krize. V souvislosti s Velkou hospodářskou krizí zůstává jednou z nejvíce diskutovaných témat role Federálního rezervního systému. Dále práce obsahuje analýzu jednotlivých vln bankovních krizí, a to jak z mikroekonomického, tak i z makroekonomického pohledu. Věnuje se též problematikám omezení ?branch bankingu?, bankovním panikám a ?uvěrové expanze?. Z časového hlediska je téma diskutovaná do vyhlášení ?bankovních prázdnin? a přijetí zákona The Banking Act z roku 1933.
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