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Comparison of the Market Regulation in the EU and in the USA in the Context of Economic Crisis
Beránek, Jaromír ; Hraba, Zdeněk (advisor) ; Borkovec, Aleš (referee)
Jaromír Beránek - Comparison of the Market Regulation in the EU and in the USA in the Context of Economic Crisis Abstract: Once the U.S. real estate bubble burst in 2007 and most of the major American banks ran into a financial distress following the rising number of mortgage defaults, few foresaw that these problems would grow into the biggest global crisis since 1930s. Soon it turned out that the fall was inevitable. Due to the lack of regulation an uncontrolled growth in bad credits occurred over the years preceding the crisis outbreak. Financial institutions, silently supported by credit rating agencies, started pushing complicated and opaque investment instruments into the hungry market, and investors gladly bought them, motivated by the promise of high bonuses. The ongoing process of globalization and international linking of financial markets significantly accelerated the evolvement of the crisis and contributed to its spread around the world. Burdened by the immense costs of bank bailouts governments of many countries faced a threat of an imminent bankruptcy, and were forced to seek international aid. In the EU, the USA and on the international scene, several initiatives arose, striving to create effective regulatory reforms and to strengthen tools for a timely identification and prevention of...
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Post-crisis development of Spain focusing on the banking system and the public sector
Nagyová-Tkáčová, Monika ; Bič, Josef (advisor) ; Antal, Jarolím (referee)
The thesis deals with the evolution of the Spanish economy, especially, after the economic crisis. It is focused on the banking system and the public sector of the country. In order to capture the theoretical basis, it processes the essence of banking, public finance theory and public debt. Subsequently, the thesis describes impacts on selected areas of the economy and the government's response to them. The main objective is to analyze the measures taken by the government and to evaluate their impact on the economic development of the landscape. At the same time, the thesis should provide recommendations for the future.
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Welfare state and indebtedness
Šnapka, Jakub ; Jiránková, Martina (advisor) ; Žamberský, Pavel (referee)
With respect to the eurozone debt crisis, the topics of public finance, chronic deficits of public budgets and sustainability of public debt came to the foreground of public debate. Due to that the discussions on legitimacy and sustainability of the welfare state in the form we know it today. In the discussions on public finance health, it is practically impossible to avoid the biggest public expenditures component, which, no doubt, the systems of social security, healthcare and other public services are. The thesis is dedicated to relationship of public indebtedness and public expenditures on welfare state of the old member states of the European Union. In three chapters, it analyzes theoretical grounds of welfare state and public indebtedness, public expenditures on welfare state and their influence on the public debt, influence of other budgetary components and ability of the state to collect taxes. The main question is whether countries which are spending relatively more on welfare state, are at the same time relatively more indebted.
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The Greek economy after the crisis with a focus on tourism
Baliamis, Michal ; Vošta, Milan (advisor) ; Sankot, Ondřej (referee)
This bachelor's thesis deals with the Greek economy in connection with the debt crisis with a focus on tourism. The thesis examines the influences of the Greek tourism on the national economy. It is necessary to define the basic theoretical background of both the world economy and tourism and give examples, what are the ways of tourism to affect the national economy, which is the task of the first chapter. The objective of the second chapter is to analyse the Greek economy using macroeconomic indicators in the past years. The second chapter also tracks the developments of the debt crisis, as one of the determinants of the current state of the national economy and tourism. The last chapter analyses tourism of the country using statistical indicators. It also evaluates the forecasts of the further development and offers the comparison of the competitiveness in tourism with the world.
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Comparative analysis of the development of holding sovereign securities in the banking sectors of the eurozone countries in 2005-2015
Topinka, Tomáš ; Pekárek, Štěpán (advisor) ; Bednář, Milan (referee)
The bachelor thesis is focused on the comparative analysis of holdings of sovereign securities in the banking sectors of the European Monetary Union member countries, especially during the financial and debt crisis. Based on the graphical analysis, it identifies and clarifies the volatility observed at the level of certain groups of countries. The work comes with the statement that, especially during the debt crisis, the so-called home-bias is reinforced and thus exposes the banking sector to the credit risk of the state. At the same time, bachelor thesis advocates setting up regulatory requirements to ensure, that a level of regulatory capital is created that objectively reflects the credit risk of the state.
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Financial and banking crisis
Lysoňková, Jana ; Revenda, Zbyněk (advisor) ; Šíma, Ondřej (referee)
The bachelor thesis is focused on the issue of financial and banking crisis which is shown in relation to a specific case. It is divided into three chapters. The first part discusses general concepts such as currency, banking, debt and systemic crises. The second chapter offers a specific view of the current banking crisis in Italy, its brief historical and geographical development. It deals mainly with the non-performing loans of commercial banks and the slowing economic development. For this purpose, the thesis attempts to describe the Italian banking system, to explain the structure of banks and their main economic indicators. In the last part, a particular Italian bank, Monte dei Paschi di Siena, is presented. The foundation, growth and its influence on the earth are discussed. The attempt is to demonstrate the reasons for its bankruptcy.
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Debt Brake as an Instrument for Consolidation of Public Budgets in Germany
Sillmen, David ; Mlsna, Petr (advisor) ; Kučera, Jaroslav (referee)
The presented thesis examines the process of adoption of new constitutional rule - debt brake - into german Grundgesetz. Germany attempts to establish the debt brake not only on European level, but also recommends other EU states to accept it. The goal of this thesis is to descripe and evaluate the process which has led up to acceptance of the debt brake as one of potential solutions to stop the excessively growing indebtedness and which has been by far influenced by the work of II. commision for federalism reform. The thessis strives to answer the questions if there was political, expert and social agreement on the issue, how does it influence budget sovereignty of the federal lands and if it really can be an effective instrument in the effort for stopping of indebtness increase, alternatively if it brings any effect even before it came into force, for example in the form of preparing of the budgets for 2016 and 2020 respectivelly. One part of the thesis is dedicated to Swiss debt brake, which served as a model for the german one, especially in terms of it's functionality. Even though it is complicated to evaluate the debt brake before it came into force, the results of the thesis showed for example the problematic nature of the relation between debt brake in the Grundgesetz and individual...
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Comparison of the Market Regulation in the EU and in the USA in the Context of Economic Crisis
Beránek, Jaromír ; Hraba, Zdeněk (advisor) ; Borkovec, Aleš (referee)
Jaromír Beránek - Comparison of the Market Regulation in the EU and in the USA in the Context of Economic Crisis Abstract: Once the U.S. real estate bubble burst in 2007 and most of the major American banks ran into a financial distress following the rising number of mortgage defaults, few foresaw that these problems would grow into the biggest global crisis since 1930s. Soon it turned out that the fall was inevitable. Due to the lack of regulation an uncontrolled growth in bad credits occurred over the years preceding the crisis outbreak. Financial institutions, silently supported by credit rating agencies, started pushing complicated and opaque investment instruments into the hungry market, and investors gladly bought them, motivated by the promise of high bonuses. The ongoing process of globalization and international linking of financial markets significantly accelerated the evolvement of the crisis and contributed to its spread around the world. Burdened by the immense costs of bank bailouts governments of many countries faced a threat of an imminent bankruptcy, and were forced to seek international aid. In the EU, the USA and on the international scene, several initiatives arose, striving to create effective regulatory reforms and to strengthen tools for a timely identification and prevention of...
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European currency after Greek crisis
Martinek, Petr ; Loužek, Marek (advisor) ; Vlček, Josef (referee)
This thesis describes the current state of the European Monetary Union. Special attention is paid to the development of the recent debt crisis which revealed many weaknesses of the EMU. This paper analyses these problems and suggests some solutions. It explains causes and consequences of the debt crises and concludes with prospects for the future development of the Monetary Union.
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Sustainability of public finances in the EU: Comparison of Germany and Great Britain
Zajíček, Jakub ; Bič, Josef (advisor) ; Šaroch, Stanislav (referee)
Diploma Thesis deals with the comparison of public finances of the United Kingdom and the Federal Republic of Germany from 2000 to 2014. It focuses on the period of financial and economic crisis after 2008. This thesis aims to identify the impact of the financial and economic crisis on the sustainability of public finances of both countries. It also identify the reasons for the different development of public finances in both countries. The practical part is divided into three chapters. The first chapter deals with the period of 2000-2010. The second chapter focuses on consolidation of public finances in the years 2010-2014. The last chapter deals with the current development and sustainability of public finances of both countries.
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