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Management of Company focused on special Construction works in curent economic situation
Šumichrastová, Ivana ; Waldhans, Miloš (referee) ; Puchýř, Bohumil (advisor)
The aim of the work is an analysis of recent and present economic situation and also situation in construction in Slovak Republic. It deals with the economy of a particular company, which specialises in the field of construction works, in the context of outside and inside influences. A more detailed examination relies on the results of a financial analysis. The aim of the thesis is to find out what impact these events have on a specific company and to suggest solutions that would contribute to its resilience to its competition or to help overcome the next potential crisis.
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Communication of Czech Government during the COVID-19 pandemic
Balážová, Zuzana ; Hájek, Lukáš (advisor) ; Bahenský, Vojtěch (referee)
The bachelor thesis Communication of the government of the Czech Republic during the COVID-19 pandemic deals with the communication of selected representatives of Czech government. The work examines the communication of the Prime Minister, the Deputy Prime Minister and the Ministers of Health. The first section of the thesis focuses on theoretical starting points of the field of government communication, its multidisciplinary nature as well as definition. Due to the ongoing pandemic, the theoretical framework was broadened with crisis communication. At the end of the first section, a model of ideal government communication during the crisis was presented. The aim of the work was to find out whether the government of the Czech Republic fulfilled the theoretical prerequisites for successful communication according to this model. Qualitative methods of analysis were complemented with quantitative methods for a better analysis of communication. The results showed that the communication of the selected members of the government did not fulfill the theoretical prerequisites of successful communication, as they did not fulfill most of the elements of the defined model.
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The Interest Rate Pass Through during the Crisis: Evidence from Slovakia
Ševcech, Marián ; Havránek, Tomáš (advisor) ; Pečená, Magda (referee)
The effectiveness of interest rate pass-through is crucial when shaping monetary policy. In this paper we use error correction framework in order to estimate the speed and the completeness of pass through in Slovakia. Our thesis brings a unique research on how the financial crisis and Euro adoption affect the pass-through. In Slovakia those events occur at the same time; we attempt to distinguish between what phenomenon has greater impact. We also distinguish between what bank characteristics have impact on individual bank's spread during financial crisis. Our results suggest that the interest rate pass-through completeness increases in long term. We however found evidence of decreasing pass-through in case of deposit rates during crisis. Banks are unwiling to lower them and hence harm their competitve position. The pass-through in Slovakia is found to be relatively fast and consistent throughout periods. With the crisis, the speed for mortgages rates however decreases. We conclude that the impact of financial crisis outweights the impact of Euro adoption. Concerning the banks' characteristics, we conclude that higher portion of loans on assets, higher costs over income and better liquidity position decrease the spread. This is explained by the size of Slovakian banking market; banks lower their spread to...
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The Inflation-Output Variability Relationship in the CEE countries: A Bivariate GARCH Model
Kubovič, Jozef ; Čech, František (advisor) ; Červinka, Michal (referee)
This thesis examines the output-variability relationship and causal relationships among the inflation, the output growth and their uncertainties for the Central and Eastern European region during the period of time that covers the economic crisis of 2008. We apply the bivariate GARCH(1,1) model with the constant conditional correlation covariance matrix to obtain conditional variances that proxy the two uncertainties and use Granger causality test to determine the causal effects among four variables. We come up with a number of interesting results. First, we did not find statistical evidence neither for the inflation-output variability relationship nor for the Phillips curve. Second, we uncovered support for the positive causal effect of the inflation on its uncertainty and negative causal effect for the reverse direction. Additionally, we also found some support for the indirect negative causal effect of the inflation on the output growth. These results support the policy of low and stable inflation in the countries. Finally, we showed that crisis has a significant impact on the results, changing the behaviour of conditional variances and causal effects among the variables. Powered by TCPDF (www.tcpdf.org)
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The Slovak government crisis in 2018
Šedivý, Jakub ; Brunclík, Miloš (advisor) ; Mlejnek, Josef (referee)
The regular interaction between the government and the President of the Slovak Republic in case of influencing public opinion during the period also played an important role in society. Many absurd allegations and attacks on individual representatives of the Slovak political scene have caused many doubts and questions about concrete problems. Efforts to influence the public opinion were a priority for all government officials, but also for the president himself. The supposed aim of my bachelor thesis should be to contribute to clarify the issue, evaluate the whole situation - reconstruction and development of the crisis from the perspective of the president from relevant information. The essence of the thesis is the analysis of presidential practices, especially the differences between the real powers that arise from the Constitution and practice due to the fact that the President of the Slovak Republic played an important role in the society during the crisis. The research question is, therefore, to find out what role the President played in the crisis, whether he exceeded his constitutional powers and violated constitutional customs, or his actions were fully in accordance with constitutional powers and customs.
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Risk assessment of major shadow banking entities
Hrošovský, Marcel ; Dědek, Oldřich (advisor) ; Debatz, Laure (referee)
Shadow banking is a part of the financial system, that operates similarly to the banking system, however, is typically less regulated. As a result of incorrect risk assessment and insufficient regulation, shadow banking played a significant part in the recent global financial crisis of 2007. My thesis consists of two major sections, in the first section I describe the shadow banking system, I assess its positive and negative features, and I describe the methods for mapping the shadow banking entities. In the second section, I conduct a risk assessment of major shadow banking entities. Based on the evidence I conclude, that even investments that appear risk free under standard market conditions are exposed to incorrect risk assessment, especially when investing into assets with complicated structure, furthermore, in time of systemic contagion, even healthy companies are exposed to runs and lack of credit available on the market to help fund their operations. Keywords Shadow banking, risk, assessment, crisis, regulation
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The Inflation-Output Variability Relationship in the CEE countries: A Bivariate GARCH Model
Kubovič, Jozef ; Čech, František (advisor) ; Červinka, Michal (referee)
This thesis examines the output-variability relationship and causal relationships among the inflation, the output growth and their uncertainties for the Central and Eastern European region during the period of time that covers the economic crisis of 2008. We apply the bivariate GARCH(1,1) model with the constant conditional correlation covariance matrix to obtain conditional variances that proxy the two uncertainties and use Granger causality test to determine the causal effects among four variables. We come up with a number of interesting results. First, we did not find statistical evidence neither for the inflation-output variability relationship nor for the Phillips curve. Second, we uncovered support for the positive causal effect of the inflation on its uncertainty and negative causal effect for the reverse direction. Additionally, we also found some support for the indirect negative causal effect of the inflation on the output growth. These results support the policy of low and stable inflation in the countries. Finally, we showed that crisis has a significant impact on the results, changing the behaviour of conditional variances and causal effects among the variables. Powered by TCPDF (www.tcpdf.org)
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The Interest Rate Pass Through during the Crisis: Evidence from Slovakia
Ševcech, Marián ; Havránek, Tomáš (advisor) ; Pečená, Magda (referee)
The effectiveness of interest rate pass-through is crucial when shaping monetary policy. In this paper we use error correction framework in order to estimate the speed and the completeness of pass through in Slovakia. Our thesis brings a unique research on how the financial crisis and Euro adoption affect the pass-through. In Slovakia those events occur at the same time; we attempt to distinguish between what phenomenon has greater impact. We also distinguish between what bank characteristics have impact on individual bank's spread during financial crisis. Our results suggest that the interest rate pass-through completeness increases in long term. We however found evidence of decreasing pass-through in case of deposit rates during crisis. Banks are unwiling to lower them and hence harm their competitve position. The pass-through in Slovakia is found to be relatively fast and consistent throughout periods. With the crisis, the speed for mortgages rates however decreases. We conclude that the impact of financial crisis outweights the impact of Euro adoption. Concerning the banks' characteristics, we conclude that higher portion of loans on assets, higher costs over income and better liquidity position decrease the spread. This is explained by the size of Slovakian banking market; banks lower their spread to...
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