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Credit rating is an important financial indicator of the debtor's ability to repay the debt duly and on time and it is expressed in a simple form of credit score. It has been talked about the issue of credit rating particularly in context of the financial crisis 2008 because of the failure of credit rating agencies and their contribution to global dimensions of the crisis. This thesis critically assesses the European legal regulation of credit rating in the light of 2008 financial crisis. The evaluation is carried through an economic analysis of law while also using the knowledge of behavioural economics, so that efficiency of both individual provisions and legal regulation as a whole is examined. The fundamental problem of current regulation is its ambiguity, as on the one hand it promotes greater institutionalization of credit rating and on the other hand it promotes greater market discipline of financial market participants. This dichotomy is inefficient because it does not provide for clear incentives neither for investors, nor for issuers or credit rating agencies. Key finding of this thesis is that credit rating regulation would be more efficient if it was aimed exclusively at supporting market discipline. It is important to draw conclusions from analysis of the efficiency of current...

Since 2014 Russia has been tackling with the sanctions imposed by western countries. The sanctions were imposed due to the Russian invasion of Crimea. The economic sanctions are targeting specific sectors of its economy and are supposed to cause high costs for government and worsen the economical situation. This paper analyses the influence of the sanctions on Russian economy and summarizes the factors which caused current Russian crisis. As Russia is heavily dependent on oil exports, the drop of oil prices is a significant factor contributing to this situation.

The topic of this thesis is Credit swaps and CDOs and their use in the financial environment of the 21st century. The aim of this thesis is to examine how the market of these instruments works, show how they are traded and how diversely they can be used but also warns about the potential negative consequences in case these instruments are not handled with the required caution. The practical part of this thesis concentrates on the current situation on the credit derivatives market focusing on the above mentioned instruments. The role of CDSs and CDOs in the 2008 global financial crisis is examined with emphasis on the AIG case.

This master thesis explores what were the causes of falling behind of the Swedish economy during the 70s and 80s of the 20th century. In addition, it deals with the reforms that Sweden has implemented during 90's. Theoretical input is engaged in development of economy and society and focuses on the period of the 30s, which was crucial for further development and in which laid the foundation for later growth. In the analytical part are explored the causes of the economic slowdown. This led to the gradual decline of economic level and a slump in international rankings. Analysis of the reforms carried out during the 90s of the 20th century provides guidance for all countries which want to optimize the allocation of resources in the economy and are trying to accelerate economic growth.

Práce se zabývá charakteristikou hospodářské politiky v USA ve 20. letech 20. století s důrazem na historická a myšlenková východiska této politiky, její širší souvislosti a praktické uplatňování. Sleduje vliv hospodářsko-politických opatření na hospodářský vývoj s ohledem na vznik velké hospodářské krize ve 30. letech.

The thesis analyzes how IMFs operations transformed as the changes took place in the global economy after world war two. Policy and means used by IMF to achieve its purposes are examined focusing on their effectiveness. The analysis illustrates an apparent change in the role the institution is playing in the global economy. In the first three decades after the world war two the IMFs key role was to maintain surveillance over the rules of the monetary system established at international financial conference in Bretton Woods. The introduction of floating exchange rate systems in developed countries, oil crisis and independence of many African countries caused a shift in IMFs main focus towards developing countries, long-term financing and technical assistance. The analysis concludes that the institution was only in part successful in its mission to maintain global economic stability only in part. In the nineties it reacted promptly to financial crisis by introduction of new facilities and by activating in coordination with other global players of large financial support for the affected countries. However in the period before the financial crisis occurred more attention IMF should have given more attention to precautionary measures eliminating the risks associated with capital volatility.

My thesis deals with the Great Depression on the 1930's, which was one of the biggest economic disasters of last century. It follows especially the course and consequences of the crisis in Czechoslovakia. There are still many questions about this event and economists of whole world have never agreed on the only explanation, which could describe and solve all the causes and circumstances of Great Depression. In addition, there are also many views that the crisis had influence not only in economic sphere, but also had the social and political impacts. First part deals with international connections of Great Depression and searches causations of crisis in economic theory and describes the birth of Great Depression in United States. Second and third parts analyze the beginning and running of the crisis in Czechoslovakia and deal with particular sections of economy. The fourth part summaries economic and political effects of the crisis in Czechoslovakia and shows how the country faced up to depression.

This diploma thesis provides complex analysis of the current development of the U.S. subprime mortgage and credit crisis. The thesis examines the major issues that have contributed to the crisis and it follows with identifying likely consequences. In the end of the paper are discussed some recommendations to help avoid future crises.

The goal of this thesis is to analyze what the impact of current financial crisis and economic slowdown will be on Czech exporting companies. Firstly the causes of financial crisis are described. it is followed by the analysis of the primary impact of financial crisis in the Czech Republic - the impact on banking sector and liquidity. The economic slowdown on foreign markets is considered as the secondary impact. Finally some possible solutions on how to improve the competitiveness are offered.