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Sovereign wealth funds (SWFs) and their regulation
Kreysa, Vlastimil ; Borkovec, Aleš (advisor) ; Hraba, Zdeněk (referee)
Sovereign wealth funds and their regulation The aim of this work is to provide a comprehensive explanation of the current issue of the role and activities of sovereign wealth funds in financial markets and to try to summarize current international regulatory framework, as well as to outline possible changes in this system. This question comes from description and interpretation of the most important international "soft-law" rules on sovereign wealth funds - the so- called Santiago Principles (Generally Accepted Principles and Practices) and the OECD's related legislation. The reason for selection of this topic is a fact that issues related to existence of sovereign wealth funds and their legal regulation have not been discussed sufficiently in Czech scientific circles. This work is divided into four chapters. The first chapter is an introduction to the aforementioned issues. In the second chapter, which consists of two sections, the work is concentrated on general characteristics of existence of sovereign wealth funds. The first section is focused on definition of the term "sovereign wealth fund", categorization of such funds on the basis of their characteristic features and analysis of legal nature of these funds. The second section is devoted to influence of sovereign wealth funds on financial...
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Sovereign wealth funds - threat or benefit?
Šplíchal, David ; Žamberský, Pavel (advisor) ; Jedlinský, Jakub (referee)
This bachelor thesis focuses on sovereign wealth funds, which belong to important state investment entities. The main objective of the thesis is to assess the activity of sovereign wealth funds as a whole and assess, whether their activity is rather benefit or threat to economy. In the first part there is considered a genereal characteristic of sovereign wealth funds, particularly their definition, history and function. The second part aims at the assets of sovereign wealth funds, especially the volume, alocation and related strategy and objectives. Subsequently the thesis deals with current questions concerning sovereign wealth funds, namely potential threats and transparency. Lastly the thesis looks at impacts of investments of sovereign wealth funds on the countries and global economy.
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The importance of sovereign wealth funds in the economy - the case of Singapore's Temasek
Pham, Tomáš Tuan ; Žamberský, Pavel (advisor) ; Jedlinský, Jakub (referee)
The aim of the bachelor thesis is to point out the importance of sovereign wealth funds in the economy. For this purpose was chosen Singapore's sovereign wealth fund Temasek. The theoretical part of this bachelor thesis deals with the characteristics of sovereign wealth funds in the context of state capitalism. The practical part uses analytical and synthetic methods for examining the role of Temasek in Singapore's economy and its impact on state-owned enterprises. The thesis focuses on examining the influence of Temasek on fiscal policy and on the Singapore's balance of payments.
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State capitalism in Russia
Reissová, Denisa ; Jiránková, Martina (advisor) ; Krupka, Lukáš (referee)
The bachelor thesis deals with state capitalism in Russia. The first chapter is focused on characterization of state capitalism and its history. It contains reasons, why some states prefer this type of capitalism and which tools they use to enforce their political goals. The chapter also explains advantages and disadvantages of this approach and briefly describes its features in China and Saudi Arabia. The second chapter applies the theory from the first chapter on Russia. It contains characterization of Russian economy and its history, focusing on the role of state in the economy. The chapter also describes tools of state capitalism in Russia, especially state-owned enterprises in energetic sector and sovereign funds. There is also an explanation of effects of state capitalism on Russian economy and global market.
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Sovereign wealth funds (SWFs) and their regulation
Kreysa, Vlastimil ; Borkovec, Aleš (advisor) ; Hraba, Zdeněk (referee)
Sovereign wealth funds and their regulation The aim of this work is to provide a comprehensive explanation of the current issue of the role and activities of sovereign wealth funds in financial markets and to try to summarize current international regulatory framework, as well as to outline possible changes in this system. This question comes from description and interpretation of the most important international "soft-law" rules on sovereign wealth funds - the so- called Santiago Principles (Generally Accepted Principles and Practices) and the OECD's related legislation. The reason for selection of this topic is a fact that issues related to existence of sovereign wealth funds and their legal regulation have not been discussed sufficiently in Czech scientific circles. This work is divided into four chapters. The first chapter is an introduction to the aforementioned issues. In the second chapter, which consists of two sections, the work is concentrated on general characteristics of existence of sovereign wealth funds. The first section is focused on definition of the term "sovereign wealth fund", categorization of such funds on the basis of their characteristic features and analysis of legal nature of these funds. The second section is devoted to influence of sovereign wealth funds on financial...
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Manifestations of Chinese state capitalism abroad
Drugda, Zbyněk ; Stuchlíková, Zuzana (advisor) ; Jiránková, Martina (referee)
In the past, the Chinese economy frequently used the model of state capitalism to ensure the economic growth. As the growth invoked the extreme demand for natural resources, China started to use state enterprises for procurement of necessary resources. As the result of the expansion, we can observe overseas positive and negative effects. At the same time banker and stock exchange brokers are surprised to see first big sovereign fund´s acquisitions seeking prospective technology or profitable assets. The advantage of those funds is possibility to use huge foreign exchange reserves gained by the policy of cheap Yuan. Therefore, the thesis analyzes the overseas manifestations of state capitalism embodied in state enterprises and sovereign wealth funds and investigates whether the main incentives of the Chinese enterprises are resources and technology.
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