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Crowns of Czech kings and royal crowns in the Middle Ages
Krupková, Klára Anna ; Royt, Jan (advisor) ; Ottová, Michaela (referee)
Crowns of Czech kings and royal crowns in the Middle Ages The bachelor's thesis deals with the topic of important medieval royal crowns, which played a key role in the European field of political and ecclesiastical events in the context of the Holy Roman Empire. The text is divided into three main sections, which focus on the historical and art-historical view of the crowns. In the introduction, a basic typology is differentiated and the idea of symbolism of crowns during the Middle Ages is closely studied. In the main part, the work focuses on selected European crowns, whose artistic tendencies intertwine and thus complement the idea of then high-quality goldsmith's craft style. The aim of the work is also to point out the perception of a crown at that time, considerably exceeding an image of a physical jewel, a symbol of a monarch and manifestation of power of majesty over a reigned territory. For example, in connection with the Lands of the Bohemian Crown under Charles IV Luxembourg the relation between the land and the crown was evident. Due to easily accessible sources, the work pays special attention to crowns of Czech origin, especially the crown of St. Wenceslas. In this context, the chosen topic is extended by chapters discussing coronation orders, coronation rituals, and the worship of...
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Questions of Economics Understanding of Primary School Students
Bartakovičová, Sylva ; Dvořáková, Michaela (advisor) ; Tichá, Milena (referee)
BARTAKOVIČOVÁ, Sylva. Questions of Economics Understanding of Primary School Students. Prague, 2014. Diploma thesis. UK, PedF. The aim of this thesis is to analyze the economic thinking of third grade students in primary school. On the basis of identified deficiencies, a set of ideas leading to more effective teaching is proposed. The theoretical section includes an examination of the state of economic thinking in primary school pupils in the Czech Republic and abroad. This explains the present form of financial education in the Czech Republic, and examines children's understanding, particularly in relation to constructivism. The practical section describes the preparation and implementation of qualitative research in the form of semi-structured individual interviews with pupils in their 3rd year, and 1st grade of primary school. In the conclusion, a set of ideas aimed to develop the financial thought processes of younger school students, supplement their knowledge, and strengthen their overall economic thinking, is proposed.
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Three Essays on Central European Foreign Exchange Markets
Moravcová, Michala ; Horváth, Roman (advisor) ; Komárek, Luboš (referee) ; Baumohl, Eduard (referee) ; Pappas, Vasileios (referee)
This dissertation thesis consists of three essays on new EU foreign exchange markets (FX), i.e. the Czech koruna, Polish zloty and Hungarian forint. In the first two essays, the impact of foreign macroeconomic news announcements and central banks' monetary policy settings on the value and volatility of examined exchange rates is analyzed. In the third chapter, the conditional comovements and volatility spillovers on new EU FX markets is examined. The aim of this thesis is to contribute to the existing empirical literature by providing new evidence of the examined currencies during periods, which have not been examined yet (after the Global financial crisis (GFC), during the EU debt crisis and during currency interventions in the Czech Republic). The first essay (Chapter 2) examines the impact of Eurozone/Germany and US macroeconomic news announcements and monetary policy settings of the ECB and the Fed on the value of new EU member states' currencies. It is a complex analysis of 1-minute intraday dataset performed by event study methodology (ESM). We observe different reactions of exchange rates in pair with the US dollar on the US macroeconomic announcements and Euro-expressed FX rates on Germany macro news during the EU debt crisis and after it. We also provide evidence of leaking news, showing...
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What is the equilibrium exchange rate of the Czech koruna?
Jančovič, Pavel ; Baxa, Jaromír (advisor) ; Semerák, Vilém (referee)
The aim of this thesis is to estimate bilateral equilibrium exchange rate of the Czech koruna relative to Euro and to determine if the Czech currency is undervalued or overvalued relative to the market equilibrium. We employ fundamental (FEER) and behavioral (BEER) equilibrium exchange rate models, which enables to measure the currency position relative to the market rate. To tackle the uncertainty of the implied equilibrium exchange rates that differ among alternative specifications of the models, we aggregate the estimates via principal components analysis. The perception on the market is that Czech koruna is undervalued, since the intervention regime imposed by the Czech National Bank in the 2013, was defending the exchange rate floor of 27 Czech korunas to Euro. Then, we extend conventional specifications of BEER models for variables representing exchange rate interventions and forward rates offered on the market because both can have protracted effects not only on spot rates but on adjustment towards long-term equilibrium as well. The original models with fundamental factors show equilibrium exchange rate near to 25 CZK/EUR. However, extended models with interventions show higher equilibrium exchange rate, near to 27 CZK/EUR. Thus, there is possibility of slow adjustment near to the...
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The impact of changing exchange rates on Czech companies
Klečka, Michal ; Baxa, Jaromír (advisor) ; Semerák, Vilém (referee)
This thesis analyses impact of exchange rate exposure in Czech Republic on sample of ten Czech companies. Empirical part of thesis builds on Nazl, Kar, Akel (2014) and through market-based approach states significant impact of exchange rate exposure for 40 % of companies. Higher robustness of results was achieved through improvements in the methodology which, contrary to related literature, eliminates endogeneity of market index through instrumental variable. Surprisingly, the correlations between exchange rates and stocks of Czech companies are positive. An alternative model considering ROA of individual companies as dependent variable was used to confirm these results. The resulting impact of exchange rate exposure of alternative model is opposite. This inconsistency of the results of both models is confusing. The sudden change in exchange rate policy of the Czech National Bank in November 2013 did not affect the sensitivity of the relationship between exchange rates and stocks. The reaction of stock market in November 2013 indicates that policy change made by CNB was not entirely expected. Contrary to the related literature, higher data aggregation decreases the significance of the exchange rate exposure, signifying higher ability of Czech companies to reduce exchange rate risk in longer...
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Questions of Economics Understanding of Primary School Students
Bartakovičová, Sylva ; Dvořáková, Michaela (advisor) ; Tichá, Milena (referee)
BARTAKOVIČOVÁ, Sylva. Questions of Economics Understanding of Primary School Students. Prague, 2014. Diploma thesis. UK, PedF. The aim of this thesis is to analyze the economic thinking of third grade students in primary school. On the basis of identified deficiencies, a set of ideas leading to more effective teaching is proposed. The theoretical section includes an examination of the state of economic thinking in primary school pupils in the Czech Republic and abroad. This explains the present form of financial education in the Czech Republic, and examines children's understanding, particularly in relation to constructivism. The practical section describes the preparation and implementation of qualitative research in the form of semi-structured individual interviews with pupils in their 3rd year, and 1st grade of primary school. In the conclusion, a set of ideas aimed to develop the financial thought processes of younger school students, supplement their knowledge, and strengthen their overall economic thinking, is proposed.
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Impact of the development of the Czech crown to the export and import of the Czech Republic, focusing on the years 2010 - 2015
Gajdošová, Anna ; Hinčica, Vít (advisor) ; Němečková, Iveta (referee)
The following thesis describes the development of Czech crown, focusing on years 2010 - 2015 and analyse the impact of its progress on the foreign trade of Czech Republic. It contains 5 chapters, 2 in the theoretical part, 3 in the practical part, furthermore 16 graphs and 6 tables. The theoretical part involve the theory of monetary policy as far as the summary of Czech crown development since its establishment, until the end of the year 2009. The practical part applies the outlined theoretical foundations to the real development of the Czech crown and then also in the progress of exports and imports in the main period of time on which the work detail is oriented. The main aim of this thesis is to demonstrate the way the exchange rate of Czech crown affects foreign trade in Czech Republic
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Methods of prediction of currency courses
Pour, Jiří ; Brůna, Karel (advisor) ; Langer, Miroslav (referee)
The bachelor thesis deals with two methods of prediction of currency courses - the Power Price Parity theory and the Balance of Payments theory. At the begining there is a description of a currency course in general and basic methods of its prediction - fundamental and technical analysis. The main part of the thesis deals with the two methods of prediction mentioned above. Each theory is described, criticised and empirically compared with historical data from years 1999-2010 in separated chapters. The chapter about the balace of payments includes lots of charts illustrating the structures of balances of payments of the United States, the European Monetary Union and the Czech Republic.
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