This diploma thesis examines parallel and differences between the interwar Great depression and the financial crisis of 2007. Comparison is made for United States and the thesis succes-sively deals with comparison of economic conditions measured by fundamental economic indicators and their behaviour and correlations. Next topic is cointegration analysis of money-income hypothesis for both periods. We reach the conclusion that economic situation and sta-bility were different. Furthermore, the thesis reveals monetary policy actions and role of fiscal stimulus. The last topic is comparison of regulation and liberalization of financial markets. On the contrary to the first part of thesis the issues solved in the second part showed that there were similarities between the Great depression and financial crisis.

The thesis deals with value preferences of students regarding their future employment. It focuses on job values, achievement motivation and motivation to work, as well as self -- esteem and financial crisis and its impacts on the Czech Republic. The thesis also includes the results of an empirical research, which I made among students of University of Economics in Prague. The research is focused on job values of students and their personality characteristics (achievement motivation and self -- esteem) that influence the formation of job values. The research also reflects the students' opinions on financial crises and its impact on their future job and career.

The diploma thesis analyzes the impact of financial crisis, the decline in the economic system of Kazakhstan and in particular the impact on the banking system. The work is divided into three parts, which analyzing the impact of the crisis on the economy in the world and Kazakhstan, on the banking sector, and each chapter is accompanied by recommendations for their solution, and the overall summary. The first chapter defines the concept of financial crisis, disassembled typology and their origins. In addition, it is characterized by economy, banking and financial sectors in Kazakhstan and cause a crisis in the Republic. The second chapter analyzes the impact of financial crisis on the banking system in Kazakhstan, including an analysis of the banking sector itself. Subsequently, is evaluated the impact of the crisis by monitoring of bank assets, the quality of loans, deposits, foreign debt and rating. The third chapter is devoted to the consequences and lessons for the economy and banking sector of Kazakhstan and the various approaches to solving the crisis in the countries of the Commonwealth of Independent States. At the conclusion of the work were reviewed and accepted hypotheses set out in the introduction.

This Diploma thesis analyses monetary policy management in USA during the passed decade and proposes some changes regarding the future decision making of central banks. In particular, a considerable deviation of the actual monetary policy from the Taylor rule right before the housing bubble was proved by an econometric model. As a consequence, too low interest rates in this period caused significant higher magnitude of real estate prices. However, it can be said that monetary policy was not the main cause of the creation of this bubble. Regarding the FED's reaction on financial crisis, new perspectives are provided. According to this study, credit risk is thought to have been the main cause of financial stress. This is in contradiction with FED's measures that were mainly focused on lack of liquidity in financial markets. Last but not least, this thesis argues that nowadays, international development should be more reflected in monetary policy decision making.

In this thesis I discuss the financial crisis affecting the whole world. The thesis is concerning the most advanced economic center like United States, European Union, Japan and China. A special attention belongs to the particular states of the European Union (Germany, Lithuania, Greece, Slovak Republic and of course Czech Republic). I tried to compare all the European Union by two macroeconomic variables, the first one is gross domestic product and the second one gross domestic product per capita measured by purchasing power parity. The conclusion is that the original membership's countries were far less affected by the crisis than countries that acceded in 2004 and 2007. In the case of gross domestic product the most negative impact had the crisis on Ireland, Finland and Luxembourg and at least were affected France, Portugal and Belgium. For new member states are most negative influenced the Lithuania, Latvia, Estonia and Slovakia and the least affected countries were Poland, Malta and Cyprus. The second variable shows us that the crisis was in case of new members most favorable for Cyprus, Malta, Slovenia and the Czech Republic and vice versa worst for Bulgaria and Romania. In global the crisis hit at most Lithuania, Latvia, Estonia and had the smallest impact on Greece, Cyprus, Netherlands and France. For individual countries from the European Union I tried to analyze the applications of government measures and personally, I inclined to think that the crisis is the curative process on one hand because crises lead to the cleaning the market from less productive and prosperous companies and creating space for new opportunities but on the other hand bring a lot of negative aspects, such as unemployment, decline in living standards and more.

The diploma thesis deals with the impact of the Global Financial Crisis to the Czech Economy. The aim of the thesis is to analyze the actual implications of the Global Financial Crisis to the Czech economy. The thesis is divided into three parts. The first part describes the causes of crisis and the way how the crisis split from the USA to Europe and other countries. The second part deals with the impact of the financial crisis on the Czech Republic. The impact of the financial crisis to the individual areas of the Czech economy is described as well as the reaction of monetary policy and government including the fiscal impact. The third part deals with the possibility of the Czech Republic's entry to the European Monetary Union in the light of current financial crisis.

My dissertation thesis provides a comprehensive analysis of the principles of securitization techniques, of their attendant shortcomings, their regulatory treatment and the recent proposals for reducing complexity in accounting standards with relevance for securitizations. The explosion of securitization and related innovative credit risk transfer products largely expanded the magnitude and diversity of issuers, investors and securities. With this expansion numerous market participants began to wrongly believe that risk was not only shared more widely, but also that it disappeared from the system altogether. The application, or to be more precise, the misapplication of securitization in the mortgage market had fatal consequences for the financial sector worldwide. Before securitization, sub-prime mortgage lenders retained the loans that they originated on their balance sheets and therefore cared about their credit quality. Securitization techniques and related innovative financial instruments enabled the export of sub-prime mortgage structural problems from the United States globe-wide via the financial intermediaries. More over, securitization techniques and related credit risk transfer products enabled single banks to reduce their individual risk while at the same time transferred new and greater risks to the financial system. Meanwhile a lot was written on the causes for the recent financial crisis. In most cases inadequate ratings provided by the credit rating agencies and different principal agent problems were addressed. I present both for completeness in my work. However, I argue that not only the credit rating agencies are to blame for the inadequate reflection of securitization and related financial innovations and subsequently for the financial turmoil. The international and national financial supervisors in fact supported the credit rating agencies to further establish their businesses. What turned obvious during and after the financial turmoil started mid-2007 is that financial regulation failed to reach its main goal - ensuring stability of the financial system. It failed despite of the "regulatory achievements within Basel II" elaborated over the past ten years. In particular, securitization and related credit risk transfer products were not adequately treated in Basel II. Securitization-related products such as Credit Derivatives on Securitization Underlyings and numerous other complex financial innovations, as presented in my thesis, were not even thought of in Basel II. In fact, Basel II turned to do little to make the financial system more resilient. The need for further revisions in banking regulation is currently more than obvious. Furthermore, it is time to ask if the developments in Basel II are the right way to address the current risks within the financial system and hence if Basel II is the right way of banking regulation and supervision altogether. With the development of both Basel Accords (Basel I and Basel II) capital ratios became the center of banking regulation. However, capital ratios are obviously not sufficient as a measure for a systemic financial stability. These questions arise at least when financial stability and soundness are still the intended objectives and believed to be ensured through Basel II. My merits in this dissertation work root in the multi-facet analysis of securitization techniques that I provide. Up to date a comparable analysis of securitization techniques which addresses the wide spectrum of securitizations' issues - such as (i) their treatment and the related attendant flaws within the regulatory framework Basel II, (ii) the various microeconomic deficiencies related to securitizations, and (iii) the implicit macroeconomic threads of exporting credit risk and de-balancing financial stability through securitization techniques - has not been provided in the comprehensive way I built up my analysis. As a basis for my analysis, I provide a new classification of the characteristics of securitization techniques which were pre-crisis wrongly perceived as benefits. I analyze the reasons for the turmoil in the financial markets in their interplay and complexity and consider securitization techniques as a key driver for the financial crisis. I comprehensively criticize the current regulatory treatment. I present in detail why the recent financial crisis should be considered a clear regulatory failure due to the up to date short-sightedness of financial regulation. Through providing partial solutions and professional author's assessment of selected regulatory and accounting changes to securitizations I deliver an expert's contribution to the topic. My conclusions are that securitization markets, as they have been operating until today, brought a negative net macroeconomic effect which has been largely damaging to the global economy. I argue that international and national financial supervisors established an inadequate framework for financial regulation and supervision, and among other failures, even supported credit rating agencies to further establish their businesses. Further on, I show that early warning indicators of systemic risk in the financial sector and signs of the coming turmoil were irresponsibly ignored at the time they were perceived. What turned obvious during and after the recent financial turmoil is that capital regulation failed to reach its main goal -- ensuring stability of the financial system. In particular, securitization and related credit risk transfer products were adequately treated neither in Basel I nor in Basel II. Finally, I conclude that capital ratios as established with the development of both Basel Accords are not sufficient as a central measure for banking regulation and ensuring systemic financial stability.

The purpose of the diploma paper is to provide complex view on the impact of the global economic crisis on tourism in the Czech Republic. The analysis focuses on the inbound, outbound and domestic tourism, determines the most important factors influencing the tourism demand together with the economic crisis and evaluates the impact of the changes in the demand on the tourism industry in the Czech Republic.

The aim of this thesis is analysis of the impact of the financial and economic crisis on the Czech banking sector between 2008 and 2010. The theoretic section describes methods and technics of bank assessment based on financial indicators. The application section contains of analysis of the impacts on aggregate numbers of the Czech bank sector and the impacts on selected Czech banks. Conclusion of the thesis summarises individual impacts of the crises and explains their causes. In the end thesis results in comparison of performance between the Czech banks and their foreign owners.

The thesis deals with the economic crisis and financial crisis of 2007 -- 2010. There is described the development of the economic situation during the economic crisis and the impact on individual sectors. The main attention is paid to the IT industry and specifically the market with business information systems. As a specific example demonstrating the impact of current crisis is selected company SAP, which operates in the field of business information systems nearly 40 years and is a world leader in business information systems. Various situations were analyzed during several economic recessions and compared with the current economic situation. Aim is to analyze the current situation, the impact on specific sectors, especially in the IT industry and producers of business information systems. You can find here the analysis of effect on SAP and what is its response to the crisis. There are most common anti-crisis measures taken and their impact on business and also recommendation that companies should watch out in times of economic crisis.