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A Comparative Analysis of Canadian and Czech Security Policies in the Context of ISAF Mission: From Motivation to Exit
Křížová, Karolina ; Hynek, Nikola (advisor) ; Karásek, Tomáš (referee)
This work focuses on approach of security policy toward foreign missions and interventions. I focused on the application of the theory of comparative analysis in the social sciences . The aim of this work is to analyze the development of security policies in Canada and the Czech Republic in relation to the ISAF mission in Afghanistan. Across-case comparative research metho emphasising the contrast of context separated the timeline of my work into two period: 2001-2006 and 2006-2014 . This paper examines the official positions of the Government of Canada and the Czech Republic as different context's members within the North Atlantic Treaty Organization . The data I worked with using techniques text-by-text, completed by point-by-point scheme. The idea is to demonstrate motivation of the States before joining the ISAF mission (2001) and the current reflection of the so-called exit strategy - only the Canadian ISAF mission has been terminated.. The result of this work is to understand the formation of security policy in the country from the Old continent as a new member of the NATO and long-term Alliance's member with different geographical and political environment. Different internal political developments in both countries had an influence on the shift in the priorities of the foreign.security...
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Were CNB's foreign-exchange interventions from November 2013 necessary?
Volf, Matěj ; Vostrovská, Zdenka (advisor) ; Zamrazilová, Eva (referee)
This thesis deals with CNB foreign-exchange intervention from November 2013 in context of assumptions and impacts on the Czech economy. The theoretical part presents important monetary policy aspects, from conventional and unconventional tools to inflation targeting and deflation, to understand theoretical framework of analysis. Analytic part takes a look on Czech economy condition before interventions, especially inflation. Intervention impacts and exit strategies are examined further. Based on the analyzed data this thesis concludes that foreign-exchange interventions by Czech National Bank were not necessary and inevitable action.
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Specifics of Quantitave Easing of ECB and exit strategy
Matiáš, Marek ; Mandel, Martin (advisor) ; Metrah, Samy (referee)
Goal of master thesis Specifics of Quantitave Easing of ECB and exit strategy is to analyse monetary policy called Quantitative easing and its exit strategy. Largest part of thesis addresses this monetary policy on example of European central bank but there is also summary transmission mechanisms and opinions of effectivness of this monetary policy on examples of other central banks. On example of ECB this work describes process of quantitative easing. Also there is empicital analysis of impacts of purchases under Securities market programme on yields of goverment bonds. Result of this anylsis is finding that SMP was effective only partly, mainly at time of its announcement. Further the work analysis current balance sheet of ECB from the perspective of exit from quantitative easing concluding that ECB would be able to execute exit strategy to these days.
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private equity as a form of corporate financing
Marešová, Jana ; Černohlávková, Eva (advisor) ; Jurek, Martin (referee)
This thesis focuses on specification of key characteristics and principles of private equity and includes specification of both the local market and the international market trends. Furthermore this paper defines institutional framework for support of private equity in the Czech Republic and specifies the history and operations of leveraged buyouts including description of leverage effect and its illustration. The leverage effect arises when combination of debt and equity is used for financing. Private equity transactions are characterized by uniqueness and this paper describes the investment process starting from the identification of investment opportunity through monitoring to exit. Analysis and definition of key characteristics of target companies is also included.
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The central banks' non-standard monetary policy: quantitative easing
Čáp, Daniel ; Koderová, Jitka (advisor) ; Osička, Štěpán (referee)
The thesis deals with non-standard monetary policies of three central banks throughout the global financial crisis. The reason for using non-standard measures was also liquidity trap when monetary policy becomes ineffective. An important milestone was collapse of investment bank Lehman Brothers in September 2008. The central banks carried out some non-standard measures before the collapse such as the emergence of new or expanding existing facilities. However, after the collapse there was panic at the financial and capital markets and market interest rate spreads rose. Central banks were forced to respond to expanding its balance sheet and reducing the monetary policy rate to zero. The main reason for increasing total assets was securities purchases by central banks. The measure, which is expanding the balance sheet is called quantitative easing. In the thesis I try to describe and compare the non-standard measures (with a focus on quantitative easing) taken by the three central banks (Bank of England, the Fed and the ECB) and answer the question whether the measures are effective and whether they can replace the standard monetary policy.
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Vývoj veřejných deficitů a státní dluh v ČR
Řeháková, Jana ; Filipová, Vladimíra (advisor) ; Drozen, František (referee)
V první kapitole této práce je vymezena teorie veřejných deficitů a státního dluhu, součástí jsou i subkapitoly o vývoji těchto makroekonomických ukazatelů v České republice. Druhá kapitola se zabývá daňovou problematikou, jsou zde charakterizovány nejdůležitější daně vybírané v České republice. Třetí kapitola je věnována státnímu rozpočtu roku 2009, kde je popisován zhoršující se vývoj veřejných financí na základě působení celosvětové ekonomické krize a dále reakce vlády na tuto negativní situaci. Čtvrtá kapitola je zaměřena na státní rozpočet České republiky v roce 2010 a jeho výdajový rámec, tzv. "Janotův balíček". Závěrečná kapitola se zabývá dvěma vládními dokumenty, Konvergenčním programem a "Exit strategy", ve kterých jsou zachyceny návrhy řešení problému zadluženosti českých veřejných financí v letech 2011 a 2012.
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