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Macroprudential regulation of the housing market
Petrouš, Michal ; Hlaváček, Michal (advisor) ; Moravcová, Michala (referee)
Housing market has a considerable impact on the macroeconomic stability. There is an attempt to regulate housing market using a set of macroprudential tools. The first aim of this thesis is to describe and compare macroprudential regulation aiming at the contract between lenders and borrowers in the European Union and Norway. The second aim is to assess the influence of central banks in macroprudential policy-making on the probability that these instruments are implemented. The probability is estimated using a probit model. The comparison shows that there are considerable differences in implemented regulation between individual countries and that countries with high proportion of foreign currency denominated loans use macroprudential measures to mitigate borrowing in foreign currencies. Using the data from the European union and Norway, statistically significant influence of central bank involvement was not identified. The effect of central bank became significant when using larger dataset including non-European countries. In this dataset, the leading role of central bank is associated with lower probability that instruments targeting borrowers are implemented.
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EU linguistic regime in practise: comparison of availability of documents in Czech, French and English language, published by online EU bookshop
MACHOVÁ, Alena
The topic of this bachelor thesis is the EU linguistic regime in practise: comparison of availability of documents in Czech, French and English language, published by Online EU Bookshop. The theoretical part describes the institutional system of the European Union and the location of the Publications Office of the European Union, which manages the Online bookshop EU site, in this system. The theoretical part also deals with the issue of multilingualism in the EU and its applications with regard to the EU Bookshop. The practical part deals with the structure of the website and its visual appearance then analyses the availability of documents in Czech, French and in English on the above-mentioned website. In conclusion, the results are evaluated quantitatively.
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Effective governance for Public-Private Partnerships: challenges and solutions for existing models
Witz, Petr ; Ochrana, František (advisor) ; Pavel, Jan (referee) ; Jurčík, Radek (referee)
The last two decades have witnessed a rapid development of various forms of Public-Private Partnerships in Europe. Transport belongs to sectors where PPPs have been most visible and transformative. Yet not all countries have embraced the new method in the same manner. As some initial studies indicate, their PPP readiness varies quite significantly. At the same time, PPP as a product of New Public Management appeared to be in ideological conflict with several new competing paradigms in the field of public policy and public administration. So far, however, no single study has shown how these compatibility issues are dealt with in practice and how (un)successful in reality the European countries are at implementing transport PPPs. This is mostly due to difficulties in formulating appropriate and comparable evaluation criteria. At the same time, with many projects it was simply a bit too early to say whether the original expectations had been met. This study uses a negative definition of PPP success and establishes the failure rate for each country from the sample. In doing so, it only takes into account projects that were abandoned or seriously distressed and modified in advance stages of the procurement process. As a result, transport PPP failure rates of selected European countries are compared. At...
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Macroprudential regulation of the housing market
Petrouš, Michal ; Hlaváček, Michal (advisor) ; Moravcová, Michala (referee)
Housing market has a considerable impact on the macroeconomic stability. There is an attempt to regulate housing market using a set of macroprudential tools. The first aim of this thesis is to describe and compare macroprudential regulation aiming at the contract between lenders and borrowers in the European Union and Norway. The second aim is to assess the influence of central banks in macroprudential policy-making on the probability that these instruments are implemented. The probability is estimated using a probit model. The comparison shows that there are considerable differences in implemented regulation between individual countries and that countries with high proportion of foreign currency denominated loans use macroprudential measures to mitigate borrowing in foreign currencies. Using the data from the European union and Norway, statistically significant influence of central bank involvement was not identified. The effect of central bank became significant when using larger dataset including non-European countries. In this dataset, the leading role of central bank is associated with lower probability that instruments targeting borrowers are implemented.
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Linguistic regime of the EU in practise: comparison of accessibility of the documents in Czech, Spanish and English on the websites of the EU Agencies settled in Spain.
MLÁDKOVÁ, Lenka
This Bachelor thesis focuses on the actual practice of the EU linguistic regime - a comparison of the accessibility of the documents in Czech, Spanish and English on the websites of the EU Agencies settled in Spain. First, it is described the institutional framework of the EU to which agencies of EU are included. Then, the following agencies will be presented throroughly: The European Fisheries Control Agency, The European Union Satellite Centre, The Office for Harmonization in the Internal Market and The European Agency for Safety and Health at Work. The next chapter is devoted to the language regime of the EU, followed by an analysis of the availability of documents on the websites of the aforementioned agencies. In here, a description of the website structure will be offered first and then an analysis of the availability of the documents. For a better comprehension of the results, they will be presented as well in tables and graphs. Finally, a valorisation of the results will close this work .
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Charter Cities - Enclaves of Prosperity with Imported Legal System?
Procházka, Pavel ; Šíma, Josef (advisor) ; Gregárek, Matěj (referee)
The master's thesis discusses an alternative concept of development aid in the form of charter cities created by Paul Romer, American economist. It describes this mechanism, institutional framework and analyzes its potential to work in practice. Besides the first attempts to put model cities into practice, the thesis also points to a number of myths that have appeared around the project and which are the subject of study. Due to absence of direct charter cities the concept is compared (based on ex-post analysis) with cities and economic zones that were established with goal to achieve economic growth. Similar procedure is applied even in testing of basic assumptions of this model to find out whether this is a viable project.
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Institutional framework of health insurance in the Czech Republic (case study: VZP and OZP performance)
Rypáčková, Lucie ; Chytil, Zdeněk (advisor) ; Svoboda, Miroslav (referee)
This paper examines the impact of an institutional framework on the performance of Všeobecná zdravotní pojišťovna (VZP) and Oborová zdravotní pojišťovna zaměstnanců bank, pojišťoven a stavebnictví (OZP). The differences in the institutional status of VZP and OZP are the result of the dual legislation of health insurance companies in the Czech Republic. It was found that institutional status of VZP is more like a state-owned institution in comparison with OZP. Theories dealing with the differences between state and private ownership assume lower efficiency of state-owned companies than private companies. In accordance with the theoretical assumptions is given the hypothesis that the institutional framework of VZP reinforces a tendency to inefficiency. The hypothesis is verified using data from the annual reports of VZP a OZP and using selected indicators (for example: operating costs, labor productivity). It has been proven that the institutional framework of VZP reinforces the tendency for wasteful spending of resources.
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Selected problems of export policy of the Czech Republic
Marešová, Jana ; Černohlávková, Eva (advisor) ; Froňková, Martina (referee)
The aim of this thesis is to analyze the current state of export policy of the Czech Republic and its security in the institutional framework. The thesis is divided into two main parts. The first chapter deals with the institutional solution to support exports and the particular forms of export promotion. This chapter also deals with development, characteristics and products offered by various institutions of the state aid. The second part is dedicated to the problems of export policy and the readiness of the Czech Republic Czech exporters to profit from the existing system of export promotion. The attention is paid to issues related to the global financial crisis. This is the problem of declining sales in EU markets, Export Strategy, and finally ineffective economic diplomacy of the Czech Republic.
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