The purpose of this thesis is to offer a contemporary overlook on the widely discussed and problematic topic of bankong crises. This analysis gives a list of banking crises which have ocurred since the 90s. up to now, their causes and definitions, and explains some important macro- and microeconomic reasons for their occurrence.It also shows how current economic theory describes the causes and nature of financial instability, with emphasis on its real effects and high economic, as well as social costs. Based on these findings, this paper offers possible resolutions of problems of the financial system and methods of its stabilization with the aim to prevent future crises. A separate chapter is dedicated to the crises in Argentina 2001, the nordic countries in the late 80s/early 90s, and the Czech republic during its transition period.

Thesis analyses role of International Monetary Fund in currency crises its proceedings and instruments and thereof arising criticism. In the first chapter there are stated definitions of currency crises, described their causes and possibilities of prevention. Short description of the Fund and used instruments in its operations are also included. The main focus is on analysis of the approach of the IMF to significant currency crises since 1990's. Mexican, south-east Asian, Argentinean and Icelandic crises are analyzed. As a practical aspect of the thesis approach of the IMF to currency crisis in the Czech republic in 1997 is examined as well. In analysis there is always stated overall description of the crisis, approach of the IMF to mitigation of the crisis and thereof arising experts' criticism. In the last chapter there is analysis of certain reports and commissions that dealt with Fund's operations and suggested reforms. Experts' opinions (Kenen, Sedlacek, Jonas) of the IMF's functioning and its summary are also part of the chapter.

This thesis investigates the impact of financial liberalisation policies on finance-growth relationship and financial crises. Analysis of recent trends and economic performance of financially developed and stable economies raises at least two very important questions that seem to have strong analytical connections. The first question is associated with the link between financial development and economic growth and the second question focuses the possible association between the policies of financial liberalisation and financial vulnerability. In this thesis we aim to shed light on some of the aspects that have gained so much attention from academics and policy makers during the last two decades. First we address whether excessive liberalisation has caused financial development to lose its effectiveness in generating economic growth. We employ a dynamic panel data analysis for 88 countries over the period of 1973 to 2005. Our index for the financial sector liberalisation covers seven aspects: credit controls and reserve requirements, interest rate controls, entry barriers, state ownership, policies on securities markets, banking regulations and restrictions on capital market. We use a comprehensive financial development indicator constructed through principal component analysis of five different indicators: bank private credit to GDP ratio, liquid liability to GDP ratio, deposit money bank assets to total bank assets ratio, deposit money bank assets to GDP ratio, and bank credit to bank deposit ratio. The results indicate that the positive effect of financial development on long-run growth continues to decline as the financial sector becomes more liberalised. Our results are robust to changes in the financial development indicators and the dis-aggregation of the financial liberalisation index. Second, we examine the possibility for an optimal sequence of financial sector reforms that may reduce an economy’s vulnerability to financial crises. We construct a distance measure from the countries that followed a more gradual approach and liberalised their capital account at a later stage. Our analysis shows that the experience of the countries that delayed or followed a very gradual approach for the liberalisation of their capital accounts have high level of implications to those countries that allowed for shock approach or liberalised their capital account before bringing reforms in other sectors.

This thesis explores three important factors that have been central to the pursuit of economic development in developing countries, particularly those in Africa. These are capital flows, economic integration and financial crises. Chapter 1 examines the causes and consequences of capital flight in African countries. Building on standard portfolio choice model, the study links the phenomenon of capital flight to the domestic investment climate (broadly defined) and shows that African agents move their portfolios abroad as a result of a deteriorating domestic investment climate where the risk-adjusted rate of return is unfavourable. The results presented suggest that economic risk, policy distortions and the poor profitability of African investments explain the variation in capital flight. In addition, employing a PVAR and its corresponding impulse responses, the chapter shows that capital flight shocks worsen economic performance. Chapter 2 explores the (independent) effects of crises and openness on a large sample of African countries using dynamic panel techniques. Focusing on sudden stops, currency, twin and sovereign debt crises, the chapter shows that economic crises are associated with growth collapses in Africa. In contrast, economic openness is found to be beneficial to growth. More importantly, we find that, consistent with standard Mundell-Flemming type models and sticky-price open economy models, greater openness to trade and financial flows mitigates the adverse effects of crises. In the final chapter, we examine whether capital flows such as FDI, foreign aid and migrant remittances crowd-in or crowd-out domestic investment in developing countries. Applying recently developed panel cointegration techniques which can handle cross-sectional heterogeneity, serial correlation and endogeneity, we find that FDI and remittances have a positive and significant effect on domestic investment in the long-run while aid tends to act as a substitute for investment. We also conduct panel Granger causality analysis and find that the effect of FDI on investment is both transitory as well as permanent. That is, it tends to crowd-in domestic investment both in the short-run and in the long-run. We do not find any causal links between foreign aid and investment. The results show that, while remittances do not have causal effects on investment in the short-run, there is a bidirectional (causal) relationship between the two in the long-run.

This paper analyses the essential aspects, causes and consequences of contemporary European integration process and examines the performance of individual EU countries. The analysis is done through the view of five crises: first the political and institutional; second the public finance, respectively the debt; third the different quality and competitiveness of single economies; fourth the banking, financial, respectively economic; and fifth the view, which focuses on the psychological aspect of trust. Substantial measures proposed or implemented by the EU institutions are subjects of analysis (European bonds; tax on financial transactions, banking union, fiscal pact and bail-out fund), including their critical evaluation, especially activist policy of the European Central Bank. Summary is contained in the SWOT analysis. This work also proposes recommendation for further development in the Czech Republic. The research section made by testing selected variables among 2003-2012 based on the method Beta convergence confirmed, that instead of theoretical assumption of faster real convergence of EU countries, the divergence between the core and periphery countries took place in the examined period. Beta convergence is confirmed within the designated groups in the new EU member states in the pre-crisis growth and in the overall monitored period. The second method -- the cluster analysis created groups, respectively clusters of countries that are the most similar based on selected indicators. On the one hand, the repeated grouping of core countries into one common cluster was verified with different options of the model. On the other hand, the used Ward's method showed, among others, that in majority of observed periods the countries commonly categorized into periphery groups (such as Italy and Ireland) have greater economic similarities to the core countries rather than countries such as Spain, Portugal and Greece.

The aim of the thesis is to analyse the impact of the financial crisis on the Czech real estate market with a focus on residential development projects. Another objective is to determine how the bank responded to the event through their funding conditions. In the work is mainly used method of analysis. In the practical part is used the method of comparison. The first part is devoted to the creation and development of the crisis and its spread to the whole world. Course focuses on market analysis and the very last part describes the situation of developers and financing of residential projects. The practical part deals with the comparison of two specific conditions of development loans, first approved in 2007 and the second approved in 2011. Based on the comparison of the major differences are found terms of funding. Finally, it outlines the current status and recommendations how the credit conditions by the banks could adapt to the current market environment.

Even before software engineering was formally defined as a discipline, software projects were notorious for being behind schedule and over budget. The resulting software systems were also often described as unreliable. Researchers in the field have, over the years, theorised and proposed many standards, methods, processes and techniques to improve software project outcomes. Based on allegorical evidence, however, it would seem that these proposals are often not applied in practice. This study was inspired by a desire to probe this general theme, namely of the extent to which (if at all) software engineering theory is adopted in practice. The core of this research is an interpretive case study of a software project in the financial services industry that ran from end 2006 to mid 2008. I was one of a team of approximately 20 developers, analysts and development managers working on the project, until I left the company in 2009. Results are reported in a two-phase fashion over several themes. Firstly, the literature of recommended software engineering practices relating to a particular theme is reviewed. This is regarded as the "theory". Thereafter, the observations and evidence collected from the interpretive study in regard to the relevant theme is presented and discussed. The first theme investigated is the notion of "project outcome". Definitions of successful and failed software projects are considered from the perspective of the various stakeholders. Also considered are factors that contribute to project success or failure. After examining how case study participants viewed the project’s outcome, it is argued that the project could neither be labelled as a complete success nor as a complete failure. Two areas were identified as problematic: the requirements gathering process; and the system architecture that had been chosen. Improvements in these areas would arguably have most benefitted the project’s outcome. For this reason, recommended practices were probed in the literature relating both to requirements engineering and also to software architecture design. The case study project was then evaluated against these recommended practices to determine the degree to which they were implemented. In cases where the recommended practices were not implemented or only partially implemented, a number of reasons for the lack of adoption are considered. Of course, the conclusions made in this study as to why the recommended practices were not implemented cannot be naïvely generalized to the software engineering field as a whole. Instead, in line with the interpretive nature of the study, an attempt was made to gain in depth knowledge of a particular project, to show how that project’s individual characteristics influenced the adoption of software engineering theory, and to probe the consequences of such adoption or lack thereof. The study suggested that the complex and individual nature of software projects will have a substantial influence on the extent to which theory is adopted in practice. It also suggested that the impact such adoption will have on a project’s outcome will be critically influenced by the nature of the software project. Copyright / Dissertation (MSc)--University of Pretoria, 2012. / Computer Science / unrestricted

This report describes the development of commercial banks in Russia and role of government and Central Bank in advance of Russian financial system.

No description available.

The context of this research is the Shigalo Tabernacle Worship Centre, where the researcher is currently ministering. The faith community is within Shigalo Village in the town of Malamulele in the Vhembe District, which has been plagued by numerous forms of violence, inflicting emotional, physical and psycho-spiritual pain on the community. Yet it has been the observation of the researcher that very few members of the community, particularly members who are also members of the faith community, seek professional help – help that is freely offered to the community by medical and other professionals, psychologists, social workers as well as pastors. The narrative that the researcher has identified in his involvement with this faith community was that some members of the faith community choose to rather suffer, by keeping all their physical, emotional, psychological, social and spiritual problems to themselves than to seek professional help. In the community there are various possibilities of seeking professional help – from doctors to psychologists, social workers as well as pastors. The research journey explores and describes how families of Shigalo Tabernacle Worship Centre perceive (view) professional help (counselling). The research sought to understand this perception within the context of their faith and their culture, trying to determine what narratives informed this perception. The objective of the research was first to understand this practice and second to seek ways in which these attitudes and perceptions can be overcome. To do this research, a sample of members was chosen, together with various professional caregivers: Two nurses, two social workers, two educators, two pastoral counsellors, one Medical doctor and a psychologist, who have been in the field of their specializations for more than five years and who are from the Malamulele area within the Thulamela Municipality of Vhembe district. The research was mainly to listen to the stories of the members and complementing these stories with the stories of the professional caregivers, trying to understand how these families constructed their view of faith and how it relates to seeking professional help. / Dissertation (MA Theol)--University of Pretoria, 2017. / Practical Theology / MA Theol / Unrestricted