|
|
Impact of the Global Economic Crisis on Spain
Haluzová, Michaela ; Žamberský, Pavel (advisor) ; Fialová, Barbora (referee)
The aim of this thesis is to analyze the causes of the economic crisis in Spain, its progress and impacts on selected sectors of the Spanish economy. In this thesis selected macroeconomic indicators such as GDP, inflation and unemployment are used to describe developments in Spain during the crisis and before. A significant part is devoted to the causes of the crisis, mainly to the construction sector and the formation of a price bubble in the real estate market. Effects of the crisis are demonstrated on selected sectors of the economy. The last part describes the attitude and measures taken by the Spanish government and the European Union during the crisis. Attention is focused on budget cuts and the steps undertaken by the Spanish government.
|
|
|
Current economic crisis in Spain and its impact on the development of the Spanish foreign trade
Šamajová, Silvia ; Žamberský, Pavel (advisor) ; Vrňáková, Irena (referee)
The Bachelor's thesis deals with Spain's expansionary policy which was ended by the economic crisis in years 2006 and 2007. Its goal is to call attention to the elements which led to economic boom but subsequently caused the crisis. A significant portion of the thesis is dedicated to the construction industry and the real estate market because these were the areas at the origin of the downfall of Spanish economy. In the practical part is analysed the formation of price bubble on the real estate market and its subsequent crack. In the last part is presented the current state of economy in Spain and their foreign trade potential.
|
|
|
Economic and financial crisis in Spain
Lišková, Klára ; Němcová, Ingeborg (advisor) ; Žamberský, Pavel (referee)
This thesis is dedicated to the economic development in Spain in the times of the longlasting economic expansion which was terminated by the crisis in 2006-2007. The purpose is to summarize the development, identify the main factores causing the crisis and to evaluate the impacts. Great part of this thesis is dedicated to the sector of construction and the real estate market. It analyses the process of formation of the price bubble on the real estate market and its subsequent crack. The problematic internal situation was in a short time period exposed to the impacts of the global financial crisis. A special part of this thesis is therefore dedicated to the Spanish banking sector and its stability.
|
|
|
Stock Price Bubbles
Li, Xiaokun ; Musílek, Petr (advisor) ; Veselý, Marek (referee)
Economic bubbles are playing an increasingly significant role in the current global economy. We believe these bubbles are to a certain extent dominating the real economy, and, therefore, research based on this specific economic phenomenon is becoming increasingly popular and important. The focus of this master's thesis is based upon analysis of stock price bubbles. This thesis contains author analyzed historical cases representative of stock price bubbles; summarizations of their traditional features; common factors causing their formation; and reasons leading to their bursting. Solutions to the dilemma of stock price bubbles are discussed in depth, and emphasis is placed upon clearly deciphering different theoretical approaches regarding this phenomenon-not only from the efficient market hypothesis viewpoint but also from the perspective of behavioral finance. The research contains testing and measuring methodologies of stock price bubbles, and the author's view concerning them is strongly supported by the results within the empirical data-testing chapter. Upon reading, one can expect to achieve a basic overview of this forefront science.
|
|
|
Causes and impcats of the mortgage crisis in the USA
Sádlo, Miroslav ; Jílek, Josef (advisor) ; Rybáček, Václav (referee)
The theme of this thesis is the mortgage crisis in the United States which has started almost two years before after the burst of a price bubble in the American residential real estate market. The aim of the thesis is to analyze causes and implications of this crisis. The theoretical part of the thesis follows characteristics of the asset price bubbles. In this part is also a description of three theories: Austrian business cycle theory, Hyman Minsky's financial instability hypothesis and the theory of Robert Shiller, which interpret causes of bubbles in a variety of ways. The analytical part deals with causes and impacts of the crisis. As the key factors of the crisis are examined mortgage credit expansion, monetary policy of central bank, securitization as an innovation in financial markets and the role of the psychological factors. The last chapter of the thesis analyses impacts of the crisis on the homeowners, real estate market, the whole economy and global financial markets.
|
guest ::
