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Zadluženost veřejného sektoru ve vybraných zemích Evropské unie
Osičková, Eliška
This thesis analyzes the issue of fiscal imbalance in selected member states of European Union, namely, the first 12 states which officially introduced the Euro banknotes and coins in 2002. Empirical part of thesis analyzes the development of indebtedness in selected countries. The thesis also deals with the existence of causal relationship between public debt and economic growth in these countries via regression analysis of data panel for period 1995-2014 and 2008-2014. Sub-analysis of the thesis aims also at research of determinants of public debt in these countries.
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The Debt of the Czech Republic as a Public Policy Problem
Rezek, Štěpán ; Ochrana, František (advisor) ; Brázová, Věra - Karin (referee)
This thesis deals with public debt of the Czech Republic as a public policy problem. Its main objective is to propose solutions that would lead to a systemic and long-term solution to balance public finances. The first part deals with the definitions of terms that are necessary for subsequent analysis. In the second part the CR debt is set to the theory of public policy problem, the third part deals with the analysis of CR public debt. The analysis focuses on the emergence and development from its beginning to the present trends, characteristics and main issues of public debt CR. The analysis is based mainly on statistics issued by the Ministry of Finance and Czech Statistical Office. Last part is based on an analysis of CR public debt and its task is to design a system solution for it, which would lead to long-term balanced budgets. The author would like to help to expand the current information about this topic with this thesis, which affects not only Czech Republic but almost the entire world.
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Zadluženost veřejného sektoru ve vybraných zemích Evropské unie
Osičková, Eliška
This thesis analyzes the issue of fiscal imbalance in selected member states of European Union, namely, the first 12 states which officially introduced the Euro banknotes and coins in 2002. Empirical part of thesis analyzes the development of indebtedness in selected countries. The thesis also deals with the existence of causal relationship between public debt and economic growth in these countries via regression analysis of data panel for period 1995-2014 and 2008-2014. Sub-analysis of the thesis aims also at research of determinants of public debt in these countries.
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The Eurobonds - the comparison of different implementation schemes and their ability to solve the debt crisis
Hanzlíček, David ; Hnát, Pavel (advisor) ; Žamberský, Pavel (referee)
This Master thesis is focused on the fiscal imbalance of the countries of the EMU, which deterioration was a consequence of the financial crisis. Most of the economies had to finance its deficits through the issuance of the sovereign bonds, which are associated with the longterm interest rates. The postcrisis development is characterized by the spread of sovereign bond yields. The thesis focuses on the determinants which have contributed to the spread. Moreover, the thesis discusses proposals for the common issuance of the eurobond which are seen as a solution of the debt market crisis.
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European macroeconomic imbalances : a comparison of Slovakia and Estonia
Hvizdoš, Lukáš ; Hnát, Pavel (advisor) ; Bič, Josef (referee)
The aim of this thesis is to focus on external imbalance and fiscal imbalance, which are recognized to be the cause of financial crisis in Europe, in Slovakia and Estonia. The first part of the thesis is dedicated to provide a theoretical background of external imbalance of current account deficit and deficit of balance of payment. As well to provide the definition of causes and consequences of creation of state budget, public debt and graphic interpretation of economic tools by using IS-LM-BP model. The aim of the practical part of my thesis is based on analysis of balance of, deficit of state budget and public debt of Slovakia and Estonia. I particularly focused on processes that vanish the imbalances by financing with and without debt, market equalization process and active economic policy. Furthermore, I designed a graphic evolution of Slovakia and Estonia in the period of time after the spread of financial crisis by using the IS-LM-BP model.
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Zadluženost veřejného sektoru v postkomunistických zemích EU
Králíková, Lenka
This thesis deals with the issue of fiscal imbalance in 8 selected postcommunist countries within the European Union (the Czech Republic, Estonia, Latvia, Lithuania, Hungary, Poland, Slovakia and Slovenia). These countries together with Cyprus and Malta represented the largest expansion of the European Union in 2004. In the empirical analysis the determinants affecting the size of the public debt in these countries for the period 1995-2012 are examined. The thesis also deals with the causality between the public debt and economic activity in these countries in order to determine whether the public debt leads to a decline in GDP or not. Within the sub-analysis, the attention is paid to the development of the indebtedness of these countries in order to assess its sustainability.
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The analysis of the causes of the state of public finance in selected countries Economic and monetry union during the period 1996 to 2010
Husarová, Lucie ; Ševčík, Miroslav (advisor) ; Řežábek, Pavel (referee)
Major issue of this thesis is fiscal imbalance, which is expressed by budget deficit and public debt. The aim is to find the main cause of the current state indebtedness of public finance. The basic hypothesis of this work is that the current state is not strictly caused by the economic downturn raised by the global economic crisis. The analysis is performed at 8 states of the European Union. The theoretical section is focused on the description of theoretical connections in the system of public finances, fiscal imbalances, business cycle and shaping of Economic and monetary union. The analytical part discusses the specific challenges like unemployment, persistent budget deficits and increasing public and private debts. The selected data are presenting through series of graphs.
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The implementation of budgetary policies in terms of European integration process
Grofčík, Lukáš ; Bič, Josef (advisor) ; Tunkrová, Věra (referee)
The goal of this thesis is to identify the causes and consequences of adverse budgetary situation in the countries of the European Union and to clarify the possible solutions. The work is divided into four main parts. The first chapter discusses budgetary policies, specifies it and defines the concept of fiscal imbalance and its consequences in terms of a common monetary policy. The second chapter discusses the issue of structural reforms and economic policy coordination as a possible solution to the adverse condition. To understand the internal relations of the euro area, their responsibilities and rights, it is needed to be familiar with the document called The Stability and Growth Pact disassembled in the third chapter. The final chapter attempts to describe the evolution of public finances in particular selected euro area countries or EU with the consequences and reactions that caused their financial position.
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