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Multidimensional Credibility
Zhuravova, Nadezda ; Mazurová, Lucie (advisor) ; Pešta, Michal (referee)
The aim of this graduation work is theoretically describe and also demonstrate the practical application of the theory of credibility in the multidimensional case. This theory is one of the most frequently used methods for calculating premiums, expected claims frequency or the expected average amount of damage. In this work we describe multidimensional Bühlmann-Straub credibility model and two- dimensional model with a known distribution. For each of these models we derive credibility estimate and examples of using these estimates in practice. Both models are compared on simulated data. Powered by TCPDF (www.tcpdf.org)
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Selected fundamental-theological aspects of the Hare Krishna movement
Prskavec, Lukáš ; Bouma, David (advisor) ; Červenková, Denisa (referee)
Selected fundamental-theological aspects of the Haré Krishna movement. In this work we try to give an overview of the Roman Catholic Church as well as the Haré Krishna movement, ie the history, anthropology and theology of religious organizations selected by us. The whole thesis is divided into three chapters. In the first chapter we are talking about fundamental theology and synthetically imagine its history, the state and the most important fundamental questions of theology, such as: imagine of a man in the Roman Catholic Church, God's revelation, fundamental Christology and ecclesiology fundamental. In this chapter we also transfer as divine revelation, Jesus Christ and the Church. In the following, the second chapter we talk about the Haré Krishna movement and symmetrical to the first chapter in this section deal with the image of man in the Haré Krishna movement, divine revelation, Krishna and Prabhupada and ISKCON as an institution that Prabhupada founded. In the last third chapter of this work fundamentally-theologically-evaluate the credibility of anthropology, divine revelation, Krishna, Prabhupada and ISKCON. In conclusion, this thesis will then only recall why we wrote this thesis.
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Selected fundamental-theological aspects of the Hare Krishna movement
Prskavec, Lukáš ; Bouma, David (advisor) ; Červenková, Denisa (referee)
Selected fundamental-theological aspects of the Haré Krishna movement. In this work we try to give an overview of the Roman Catholic Church as well as the Haré Krishna movement, ie the history, anthropology and theology of religious organizations selected by us. The whole thesis is divided into three chapters. In the first chapter we are talking about fundamental theology and synthetically imagine its history, the state and the most important fundamental questions of theology, such as: imagine of a man in the Roman Catholic Church, God's revelation, fundamental Christology and ecclesiology fundamental. In this chapter we also transfer as divine revelation, Jesus Christ and the Church. In the following, the second chapter we talk about the Haré Krishna movement and symmetrical to the first chapter in this section deal with the image of man in the Haré Krishna movement, divine revelation, Krishna and Prabhupada and ISKCON as an institution that Prabhupada founded. In the last third chapter of this work fundamentally-theologically-evaluate the credibility of anthropology, divine revelation, Krishna, Prabhupada and ISKCON. In conclusion, this thesis will then only recall why we wrote this thesis.
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Multidimensional Credibility
Zhuravova, Nadezda ; Mazurová, Lucie (advisor) ; Pešta, Michal (referee)
The aim of this graduation work is theoretically describe and also demonstrate the practical application of the theory of credibility in the multidimensional case. This theory is one of the most frequently used methods for calculating premiums, expected claims frequency or the expected average amount of damage. In this work we describe multidimensional Bühlmann-Straub credibility model and two- dimensional model with a known distribution. For each of these models we derive credibility estimate and examples of using these estimates in practice. Both models are compared on simulated data. Powered by TCPDF (www.tcpdf.org)
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Credibility approach to claims reserves calculation
Dzugas, Erik ; Mazurová, Lucie (advisor) ; Pešta, Michal (referee)
In this work we summarize the various techniques of claims reserves evaluating which consist in estimate of the future uncertain and hardly antici- pated loss development. It appears that the methods which are based on some credibility formula bring in the mean squared error sense the most accurate results. We consider this in the text derived conclusion very relevant and con- tributing, therefore we illustrate and present it on the numerical example. The calculations are introduced in the attached charts that build the important sup- plement of the text. The topic of this work follows up the content of Nonlife Insurance and Risk Theory lectures, therefore this text can be useful also for the students of the Faculty of Mathematics and Physics to extend their knowledge. 1
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Credibility of the information in the media communication
Žáčková, Vladimíra ; Pavlíček, Antonín (advisor) ; Böhmová, Lucie (referee)
This master's thesis deals with the issue of information credibility, especially in case of the communication of information from media to the public. There are represented the most important concepts of the theory of information, media and communication. The main part presents a survey among Czech journalists and the public which was tasked to find out how these two groups of respondents see the media credibility according its type.
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Central bank transparency and credibility
Holinka, Tomáš ; Mandel, Martin (advisor) ; Brůna, Karel (referee) ; Filáček, Jan (referee)
This dissertation attempts to analyze the impact of transparency and credibility of central banks on financial markets. While the topic of central bank's transparency has been extensively elaborated in literature, the linkage between institutional framework and empirical characteristics of transparency and credibility have not been adequately described. The study aims to overcome this absence and try to quantify transparency and credibility of central banks, as well as to analyze the relationship between them and their effect on interest rates and inflation expectations. The analysis is performed for nine major central banks: the Reserve Bank of Australia, the Bank of Canada, the European Central Bank (ECB), the Bank of Japan, the Reserve Bank of New Zealand, the Sveriges Riksbank, the Swiss National Bank, the Bank of England, and the U.S. Federal Reserve, and three central and eastern European central banks--the National Bank of Poland, the Hungarian National Bank and the Czech National Bank (CNB). The transparency index, based on survey, is constructed for all twelve central banks mentioned above, while measures of transparency and credibility that are derived from financial market instruments are performed only for the ECB, Fed and the CNB. Finally, we analyze the impact of transparency and credibility of the CNB on interest rates and inflation expectations. The analysis shows that central bank transparency has improved substantially in the last decade. The most transparent central banks in our sample are the Sveriges Riksbank and the Czech National Bank, followed by the Bank of England. A range of communication channels that improve the transparency of monetary policy, however, have little impact on central bank credibility. It is primarily policy-makers' verbal comments, monetary policy implementation and clarity that affect the predictability of monetary policy and contribute most to increasing its credibility. Therefore, the main reason of low credibility is confusing communication, which cannot be eliminated even by maximum openness of the central bank. The additional study of the Czech National Bank showed that during the European debt crisis, greater credibility of the CNB reduced the uncertainty in financial market and contributed to efficient formation of private agents' inflation expectations. Moreover, the results of the analysis show that inflation expectations in the Czech Republic are formed rationally, i.e. they are based on the CNB inflation forecast rather than on the actual values of inflation.
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Evaluating the Performance and Kredibility of Czech Pension Funds
Kotěšovcová, Jana ; Grünwald, Rolf (advisor) ; Marek, Petr (referee) ; Scholleová, Hana (referee)
This dissertation work focuses on evaluation of the performance and credibility of domestic pension funds. It includes information about pension systems in six selected countries in the world, specifically Chile, Hungary, Switzerland, Poland, Sweden and Slovakia, and culminates with a proposal for pension reform in the Czech Republic. The evaluation of the performance of pension funds is based on experience with measuring performance in twenty-three countries of the world processed for the OECD and cites original basis materials for proposals for the regulation of pension funds in the Czech Republic. Setting of indicators is preceded by an analysis of measurements of performance by the Association of Pension Funds in the Czech Republic and the Research Institute of Labour and Social Affairs. The most important proposed indicators include the actual result in relation to the participants' funds, which captures the influence of changes in the market values of financial assets, and the indicator of competence covers obligations, reflecting the influence of changes in costs during subsequent periods, which include yet undistributed commission for mediators of pension insurance. For a comparison of benefits and risks, mutual funds denominated in CZK were selected, which were verified as a suitable alternative to long-term saving. The method of evaluation of pension funds itself is based on explanation, evaluation and selection of favourable indicators for determining the rating of domestic pension funds, which clients of pension funds could use as a method for evaluating the credibility and benefits of a specific domestic pension fund for the purpose of securing it in retirement age.
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The relationship of independence and accountability of central banks on the example of the CNB and the FED
Johnová, Dana ; Ševčík, Miroslav (advisor) ; Řežábek, Pavel (referee)
The aim of this thesis is an analysis of the development and changes in the relationship of political and economic independence and accountability of central banks on the example of CNB and FED. I use the method of comparative analysis of the qualitative characteristics of central banks. The theoretical and methodological part is focused on the historical evolution of central banking, as well as on the relationship between central bank independence and its accountability, credibility and transparency. The next section is devoted to analyzing the benefits and the risks of an independent status. The largest chapter deals with the ways of measuring the legal and the actual independence of central banks, the calculation of legal independence from the selected indices are applied to the CNB. Finally I make an evaluation of degree of independence of the CNB and FED and I try to explain what degree of independence and accountability is optimal.
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Central Bank Independence
Parobková, Martina ; Janáček, Kamil (advisor) ; Havel, Jan (referee)
Téma mé bakalářské práce je nezávislost centrální banky. Práce je rozdělena do čtyř hlavních kapitol. V první kapitole se zabývám druhy nezávislosti, jejím měřením, souvisejícími pojmy jako je kredibilita centrální banky a časová nekonzistence. Druhá kapitola analyzuje studii Alberta Alesiny a Lawrence Summerse, která pojednává o makroekonomických souvislostech nezávislosti centrální banky. Další kapitola se zabývá několika důležitými centrálními bankami ve světě. Poslední kapitola se týká České národní banky. Závěr shrnuje mé poznatky a navrhuje změnu postavení české centrální banky.
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