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International Monetary Fund: Trends in the Scope of Activity in 1989-2014
Szabo, Jakub ; Parízek, Michal (advisor) ; Kučerová, Irah (referee)
The main goal of this bachelor thesis is to evaluate possible ideological changes inside the IMF in the time period from 1989 to 2014. This goal is achieved by examining annual reports published by the IMF, with attention on the most important tools of the IMF. Issues discussed through the IMF's surveillance and conditionality are the main indicator of possible reforms and changes. Based on the existent literature and example of the reform of the World Bank four hypotheses are formulated. Those hypotheses are dedicated to monitoring changes in perceived importance of welfare state, small government, good governance and fiscal policy. Firstly, current literature is presented with definition of the main concepts used in this thesis. Secondly, important tools of the IMF are described. Thirdly, collected data is described and this thesis concludes with data evaluation. With application of the methods of descriptive statistics and content analysis this thesis concludes with statement, that important shift from emphasis on weak state to strong state occurred and good governance became important theme of IMF's interest. However importance of the theme fiscal policy persisted.
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An analysis of the stress testing methodology in accordance with IMF
Vrška, Vratislav ; Blahová, Naďa (advisor) ; Marková, Jana (referee)
This master's thesis is focused on the issues of stress testing in the context of financial stability. It consists of two major parts. The first part deals with methodology of general stress tests with special regard to stressed indicators and relevant risks. In the second part, the difficulties and shortcomings of general stress tests are analysed with respect to the dynamic expansion of financial instruments and markets. A special attention is paid to integrate liquidity risk and contagion risk into the current stress testing framework. Furthermore, the alternative instruments for increasing the complexity of banks financial soundness analysis are presented. It can be said that the system of financial stability analysis before the crisis was not sufficient because it did not reflect on all risk exposures. The main contribution of this thesis is the organized presentation of possible solutions which would help to enhance the quality of stress testing outputs and to a certain extent unify these outputs as well.
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International Monetary Fund: Trends in the Scope of Activity in 1989-2014
Szabo, Jakub ; Parízek, Michal (advisor) ; Kučerová, Irah (referee)
The main goal of this bachelor thesis is to evaluate possible ideological changes inside the IMF in the time period from 1989 to 2014. This goal is achieved by examining annual reports published by the IMF, with attention on the most important tools of the IMF. Issues discussed through the IMF's surveillance and conditionality are the main indicator of possible reforms and changes. Based on the existent literature and example of the reform of the World Bank four hypotheses are formulated. Those hypotheses are dedicated to monitoring changes in perceived importance of welfare state, small government, good governance and fiscal policy. Firstly, current literature is presented with definition of the main concepts used in this thesis. Secondly, important tools of the IMF are described. Thirdly, collected data is described and this thesis concludes with data evaluation. With application of the methods of descriptive statistics and content analysis this thesis concludes with statement, that important shift from emphasis on weak state to strong state occurred and good governance became important theme of IMF's interest. However importance of the theme fiscal policy persisted.
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China tries within the current internationl framework dominated by the US to gain more power in the IMF
Liehmann, Viktoria ; Lepš, Jakub (advisor) ; Sehnálková, Jana (referee)
This thesis analyses whether China tries to gain more power in the IMF staying within the current international U.S.-dominated system. The analysis focuses on China's behavior in the IMF during the reform process of the last decade. The thesis examines the ways in which China can gain more power staying in the IMF. However, current power structures make it difficult to implement changes and China might therefore use political groups such as the BRICS and their New Development Bank to exert pressure. But the intention of the BRICS is not to overthrow the system but to reform it. Using official statements and speeches delivered by Chinese, U.S. or IMF staff in the IMF as well as articles published in newspapers Chinese claims and US reactions were analyzed. The results suggest that China stays within the international system and does not try to overthrow it. Nevertheless, pressure is created through the establishment of the New Development Bank (NDB) and the Asian Infrastructure and Investment Bank (AIIB). The intention of this thesis is to give a current account of Chinese behavior in the international community, supporting the understanding of underlying dynamics. Keywords IMF, China, Reforms, BRICS, New Development Bank, Asian Infrastructure and Investment Bank, international system, challenge
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International economic organizations and impact of their activities on international trade development
Jovičić, Elena ; Sato, Alexej (advisor) ; Štěrbová, Ludmila (referee) ; Čajka, Peter (referee)
The necessity for a more adequate regulation of global trade relations (including support for the liberalization and development of international trade), in the context of the deepening globalization processes, requires a greater level of involvement of international economic organizations and more effective implementation of their activities. The primary purpose of the dissertation is to determine whether and how the World Trade Organization, the United Nations Conference on Trade and Development, the International Monetary Fund and the World Bank Group have influenced the development of international trading system. The results of this thesis show that international organizations (primarily WTO and UNCTAD) during various stages of its development have been significantly affecting international trade growth mainly through the implementation of specific activities and measures related to a series of agreements and decisions. However, international organizations have had a divergent impact on international trade. The effectiveness of the implementation of specific activities and programs were depending on the political and economic situation of member countries, as well as the governments´ readiness and willingness to implement these measures. On the other hand, the effectiveness of realization of specific activities have been affected by either the internal weaknesses of the organizations, or the insufficient level of cooperation and coordination in the implementation of joint programs and measures aimed at international trade development.
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Analysis of the development of the Cypriot banks in years 2010–2016
Alexandridisová, Julie ; Dvořák, Petr (advisor) ; Galuška, Jiří (referee)
This master thesis is based on analyses of the Cypriot banking sector from 2010 to 2016. The aim is to describe the effects of the recent financial crisis in Cyprus to locally operating banks, to assess the assistance provided to Cypriot banks and especially to analyze the development of systemically important Cypriot banking institutions, namely the Bank of Cyprus Group, Cooperative Central Bank, Hellenic Bank and RCB Bank Ltd with emphasis on the most important banking institution in Cyprus. The work draws mainly from published financial results of the systemic banks and from the Central Bank of Cyprus representing the consolidated banking sector. Furthermore, for the purpose of this study was used the Eurostat database, EBA and the IMF periodicals, along with the websites of the credit rating agencies.
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Benefits and risks of liberalization of international capital movements
Barták, Jakub ; Žamberský, Pavel (advisor) ; Nováková, Jana (referee)
This bachelor thesis deals with the issues of liberalization of international capital movements. It is primarily focused on the era of the last decade of the 20th century. The thesis is devided into six separated sections. There is the general characteristics of the international capital movements in the first chapter. The second chapter deals with the benefits of liberal capital movements and the possible risks are described in the following one. Different opinions on the international capital market are mentioned in the fifth section and the relation between the International monetary fund and the whole topic is described in the last chapter.
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International monetary fund and its role in the 21. century
Štych, Jan ; Žamberský, Pavel (advisor) ; Procházková Ilinitchi, Cristina (referee)
This bachelor thesis focuses on the International monetary fund, specifically on its impact on world economic. The objective of this thesis is to assess the Funds function in the recent years and based on this assessment decide, how should the Fund act in the future. After the introduction, where the IMF is described as an institution, the thesis looks on economic crisis from the turn of the century and the Funds role regarding these crisis. Finally, the thesis describes reforms, necessary to perform in order for the Fund to act efficiently in the 21. century.
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Currency and financial crises at the end of 20th century
Poláčková, Vitalie ; Taušer, Josef (advisor) ; Černá, Iveta (referee)
This thesis deals with the issue of currency and financial crises, which came at the end of the 20th century. The first part gives attention to the theoretical definition of the currency crises. In the first chapter are defined the types of crises. The second chapter is focused on the causes and results of currency crises and the activity of IMF during it. The third chapter deals with the models of currency crises. The second half is focused on a characterization of chosen concrete cases of currency crises in the 90's. Specifically, their origination and impact on the affected countries.
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