National Repository of Grey Literature 2 records found  Search took 0.01 seconds. 
Asymmetric developments in the EU: Is the Lucas Paradox behind?
Štěpán, Jaroslav ; Baxa, Jaromír (advisor) ; Dědek, Oldřich (referee)
Development in European Union is showing that even despite high amount of effort in economic integration, differences in cross-country development are still at play. Indications about Lucas Paradox can be observed, due to inefficient flow of capital. Aim of this study is to quantify, whether this Lucas paradox is present in EU and how it contributes to convergence or divergence between countries. Comparison of panel VAR impulse-response functions is used for evaluation. Results suggests, that Lucas paradox can be identified between Euro area vs non-Euro area countries and Euro area core vs periphery. Furthermore, capital misallocation regarding these four groups prevents possible short-term economic convergence.
Accumulation of foreign exchange reserves in selected Asian economies
Trulik, Jiří ; Brůna, Karel (advisor) ; Pour, Jiří (referee)
This thesis focuses on the analysis and description of the causes of trends in the accumulation of foreign exchange reserves in three selected Asian economies, China, Singapore and Hong Kong. In the analysis are examined selected factors whose relationship with the foreign reserves, based on their merits and in the work of this association subsequently investigated on empirical data, mainly from the balance of payments and the statement of net investment position to identify and specify the main causes of accumulation of foreign exchange reserves in individual economies. The general framework of work consists of the theories of international movement of capital, specifically called Lucas's paradox, whose presence adds insight about other possible causes of some capital flows.

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