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Alternative field curve modelling approach : regional models
Šopov, Boril ; Seidler, Jakub (advisor) ; Baruník, Jozef (referee)
In this thesis, we focus on thorough yield curve modelling. We build on extended classical Nelson-Siegel model, which we further develop to accommodate unobserved regional common factors and principal components. We centre our discussion on central European currencies' yield curves: CZK, HUF, PLN and SKK. We propose two novel models to capture regional dynamics; one based purely on state space formulation and the other relying also on principal components of the regional yield curves. Moreover, we supplement the models with two application examples in risk management and structural break detection. The main contribution of this thesis is a creation of a complete framework that enables us to analyse yield curves, to design risk scenarios and to detect structural breaks of various types.
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Older workers in the labour market
Žáková, Veronika ; Pavelka, Tomáš (advisor) ; Langhamrová, Jitka (referee)
The main objective of diploma thesis is to analyze and evaluate the situation of elder employees on the labour market in the Czech republic, where as in others developed countries of European union has negative demographic evolution. The first of all are mentioned fundamental demographic indicators including expected predictions for the future, next and also crucial part of thesis is dedicated to labour market with regards to changing structure in age structure of population. The group of elder workers is submitted to deeper analysis according to several standpoints such as reached education, gender or profession. The rest space is devoted to options and suggestions for this endangered group on the labour market, including examples of good practice from abroad. Thesis conclusion is focused on comparison with states of European union and fulfilling objectives in terms of European strategies.
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Analysis of the EU regulations in the field of Information and Telecommunication technologies and their effect on the single market
Hart, Ludvík ; Procházka, Pavel (advisor) ; Strejček, Ivo (referee)
The bachelor thesis describes the EU regulations in the field of information and communication technologies (ICT), particularly the Digital agenda for Europe strategy. These regulations are then tested for their influence on the European single market. The major question answered here is whether the EU regulations in field of ICT have a positive impact on the EUs single market. Answer to this question helps us evaluate the ongoing Digital agenda strategy. The impact of the regulations is analysed by induction of the following indicators, international trade, ratio of population buying online, DESI index and NRI index. With this method it is possible to tackle the wide range of fields the Digital agenda covers. I conclude this work with the statement, that European ICT regulations do have a positive impact on the single market, although are problematic due to the slow legislative process and low efficiency in addressing the regulated issue.
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Preparation of Project For Small Entrepreneur Financed From European Funds
Kiss, Jan ; Radilová, Jindra (referee) ; Koleňák, Jiří (advisor)
My graduation theses is analyzing questions of project funding from EU financial resources, cofinancing projects form commercial banks products and is also dealing with process of applying of financial resources from EU funds. First part is dealing with theoretical informations connected to EU funds. Main part is describing and analyzing single possibilities of financing projects form EU funds. This part is describing commercial banks products, which can be used to cofinancing of projects as well. In final part am trying to create transparent and practical guide book for entrepreneur through EU funds.
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Is import of goods from european countries to Czech republic more or less influenced by changes in nominal and real exchange rates than in non european countries?
Vereš, Jan ; Stroukal, Dominik (advisor) ; Slaný, Martin (referee)
This bachelor thesis analyses the connection between import of goods from foreign countries to Czech Republic and the exchange rate changes. The initial hypothesis of this paper is to prove that the depreciation of domestic currency has positive influence on balance of trade balance. For this purpose there is eight econometric models which were created by using time series from years 2003 to 2016. These models are divided in pairs among four chosen countries. For each country two models were created that follow the development of trade balance between Czech Republic and one of the countries in two different time frames. All the models always use the real effective exchange rate, growth rate of GDP for Czech Republic and growth rate of GDP for one of the countries as explanatory variable. It is connected with the second task of this thesis, which is the analysis of the differences in the behaviour of the models that belong to the countries which are members of the EU and these that are not. The aim is to find out whether the existence of tariffs on imported goods from countries out of the EU causes visible differences in the behaviour of the variables that were included in the models. Based on the outcomes of all eight models the main hypothesis has been proved right for three out of four countries. In the models for Germany, China and France the relation of real exchange rate and trade balance came out as positive in long term, in short term the outcome was ambiguous. The second question of this thesis has been answered, but its added value is questionable. The final models for each state do show some noticeable differences and they can be used to determine if the influence of the change of exchange rates on trade balance is smaller or bigger in the countries where tariffs are used. On the other hand, from the results we can learn that the sample of only four countries is insufficient for the deduction of any conclusions.
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The issue of social housing in the Czech Republic in the first decade 21st century
Jelínková, Tereza ; Poláková, Olga (advisor) ; Vebrová, Ludmila (referee)
Bachelor thesis analyzes the issue of definition of social housing in the Czech Republic,due to circumstances which affect the definition of that is lack of definition of social housing in the Czech Republic, and especially the historical and social context. In the Czech Republic live, as in other countries, groups of citizens, for ensuring that permanent housingis relatively unaffordable affairs. These are groups of people such as disabled, single parents, unemployed, drug addicts, people leaving children's homes or facilities for serving, etc. For these people it is difficult to apply the available housing market and thereforeusually require municipal, respectively state aid and assistance. For these reasons, the work deals with the analysis of existing state programs for low-income housing supportgroups of people, tools and their effectiveness. In the final part of the work processes of thebasic problems of comparison with developed countries of the European Union, particularlyBritain and Germany.
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France's asylum policy in relation to the European Union
Trůblová, Pavla ; Druláková, Radka (advisor) ; Dubský, Zbyněk (referee)
This diploma thesis deals with the topic of the French and EU asylum policies and their reciprocal influence. The main goal of this thesis consists in demonstrating (if applicable) France's success in enforcing its legislation at the European level, or if it is rather the opposite phenomenon that prevails: the necessity of the implementation of asylum rules (that have been approved in the EU) to the French regulations. The whole thesis is grounded on the concept of Europeanization which determines a theoretical framework that serves as a basis for the empirical part, consisting of an analysis of the development of French and common European asylum legislation first. The crucial part of this thesis is the fourth chapter where the interconnection between the theoretical and empirical part takes place as well as the discovery of the link between the French and European asylum legislation and drawing of consequences that respond to initial propositions.
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Analysis of real and nominal convergence of the Visegrad Group in the years 2000-2015
Wikturna, Jan ; Strejček, Ivo (advisor) ; Zamrazilová, Eva (referee)
This Bachelor thesis is focused on a macroeconomic analysis of the process of the real and nominal convergence of the Visegrad Group countries to the old member states of the European Union, called EU-15 during the period of 2000-2015. The objective of the analysis is to confirm or disprove the hypothesis that in the selected period there is a convergence of the economically backward V4 countries with the advanced EU-15 countries and to highlight the factors that are behind the narrowing of the gap in economics and price levels. The theoretical part deals with the ways in which we measure and compare the economic performance and economic level, and explains the different approaches of the problem of economic growth and the subsequent catching up effect. The practical part is focused on a comparison of elected macroeconomic indicators and reference is made to the selected factors to determine whether, and for what reasons, the economic convergence of these selected countries made towards the developed countries of the EU-15. The analytical part confirms the ongoing process of the real and nominal convergence throughout the period, but its course is varied during different times of the period. In conclusion, it is found that the rate varied by the convergence processes and in fact positively affected the V4 countries, that joined the European Union. The incoming dynamics of the convergence, especially the prices, were significantly disrupted by the economic crisis.
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