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The Current Account and Balance of Payments: Implications towards the Real Exchange Rate, GDP Growth, Asset Prices and Stability
Clarson, Daniel ; Čech, František (advisor) ; Baxa, Jaromír (referee)
The Current Account and Balance of Payments: Implications towards the Real Exchange Rate, GDP Growth, Asset Prices and Stability Abstract in English In the aftermath of the global financial crisis, large global imbalances among countries' current account have been cited as a possible cause. The real exchange rate emerges as a key policy tool among countries within the research literature and in practice to manage a country's Balance of Payments indicators, despite mixed evidence. In this master thesis, we will construct a vector error correction model for cointegrating relationships utilizing the Johansen's test, using time series data for the US, UK, and Australia for the period 1973-2018. We examined the relationships between the real exchange rate, the current account, the financial account, net reserves, the interest rate, and openness to trade as well as employing Granger Causality tests. In the US, we found relationships between net reserves and both the current account and the real exchange rate. In the UK, the interest rate and the real exchange rate have a cointegrating relationship. In both the UK and Australia, we found a cointegrating relationship with the real exchange rate and current account. We examine the various theoretical and practical approaches towards viewing the Balance of Payments...
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Role bankovních poplatků v hospodaření bank
Hrbáček, Filip
Hrbacek, F. The role of bank charges in bank economy. Bachelor thesis. Brno: Mendel University in Brno, 2016. This bachelor thesis issue with charges policy of domestic and foreign bank from the same banking group. As first assess the charges policy of the Czech republic, then the share of selected domestic bank in total income from fees and commis-sions of the Czech banking sector. Next part of the bachelor thesis deals with the comparison of banks charges selected bank within the same banking group. Value of fees is listed both in absolute expression and relative expression in dependence on the average gross wage of the country. The results from comparison are discussed and made a draft recommendation against high charges of domestic banks.
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Causes of Inflation in Ghana
Gyan-Amoah, Emmanuel
Abstract The study seeks to investigate the factors that influence inflation in Ghana. It uses an annual time series data from 1992 to 2017 in Ghana, which was obtained from the World Bank's World Development Indicator and regression analysis involving the use of Ordinary Least Square (i.e. OLS) method to evaluate the impact of factors (e.g. Government Final Expenditure, Current Account, Broad Money Growth) on the inflation in the Ghanaian economy. The result of the study shows that the Current Account has a positive and statistically significant connection with inflation. However, the Government Final Expenditure has a positive and no significant impact on the inflation. The Broad Money Growth has a positive and statistically significant effect on inflation. The conclusion is that the Current Account balance and the Broad Money Growth play positive and very significant role in influencing inflation in Ghana.
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Podmínky běžných účtů v České a Slovenské republice
Zůbková, Kateřina
The bachelor thesis focuses on current accounts offered by selected commercial banks in the Czech Republic and the Slovak Republic. The goal of the thesis is evaluating conditions for management of these accounts, determining the best accounts for the Czech and the Slovakian client and checking, if membership in the eurozone can have an impact on these conditions. The main finding of this thesis is that the selected Slovakian banks have more expensive current accounts for their clients than the selected Czech banks and it is also checked that the membership in the eurozone has an impact on these conditions. It is due to the fact that this membership brings SEPA payments to Slovakian clients for the same fees as with domestic payments.
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State and development of balance of payments of Germany
Sova, Ondřej ; Hnát, Pavel (advisor) ; Procházková Ilinitchi, Cristina (referee)
This thesis focuses on development of balance of payments of Germany, especially on three important historical periods: the international fixed exchange rate system, the unification of Germany and the adoption of euro. The first part of every chapter is based mainly on an economic theory and serves as an introduction to the topic at the same time. In the second part there is a detailed analysis of the balance of payments accounts as well as an analysis of the balance of payments in general at the given period of time and in relation to the given historical events. The first chapter revolves around the international fixed exchange rate system and describes related phenomena. This chapter is little bit different and serves mainly as a theoretical introduction designed to clarify some important economic theorems which are relevant to the following chapters as well. The first half of the second chapter consists in economic aspects of the unification and focuses mainly on the problematic of capital and salary level. In the second half there is a detailed analysis of the international economic relations of the country. The introductory part of the third chapter concerns the development that led to the common European currency as well as some important macro and microeconomic aspects of the euro adoption. Finally there is an analysis in terms of balance of payments of the new common currency establishment.
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Analysis of bank charges and their financing alternatives
Dušková, Markéta ; Bártová, Hana (advisor) ; Jablonský, Petr (referee)
This bachelor thesis deals with the analysis of bank charges associated with the current account. The aim of the thesis is to find the best current account for students by using two model clients for selected accounts. Another objective is to analyze the possibilities of covering the costs incurred with the use of a current account by means of financial rewards provided by some banks in the current account and by other bank products. The partial objective of the thesis is to verify the hypothesis whether small low-cost banks offer a current account associated with lower bank charges than large banks.
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Multicriteria analysis of current accounts on the Czech banking market
Pacovská, Lucie ; Jablonský, Josef (advisor) ; Kuncová, Martina (referee)
This diploma thesis deals with the analysis of current accounts on the Czech banking market. Its goal is to find the most appropriate accounts for different types of clients. The work is divided into three parts. The theoretical part describes the problem of multicriteria decision making, basic concepts and principles, methods for calculating weight of the criteria and individual methods of multicriterial evaluation of alternatives. The second part is devoted to the description of the currently offered current accounts for individuals and a description of the selected criteria according to which the individual alternatives are evaluated. The last computational part tries to find the most appropriate accounts for those clients. Weights are calculated using the scoring method and DEMATEL method. Subsequently, the best accounts are selected by WSA, TOPSIS, ELECTRE III and MAPPAC. The calculations are made by using MS Excel add-in application Sanna.
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