The thesis focuses on Cyprus financial crisis which began in 2012 and on reform tools used by Cyprus government under the Economic Adjustment Programme in order to fix consequential fiscal and monetary imbalances in the economy. Thesis provides description of main factors leading Cyprus in the crisis and broadly analyses reform tools under the EAP. Thesis positively valuates government success in implementing EAP reform tools and describes way the program was financed. Macroeconomic indicators such as GDP, inflation, unemployment and external balance are analyzed and strong influence of reform measures mainly on development of unemployment and external balance is highlighted. Cyprus banking crisis is also a first case of using banks bail-in as a tool to fix financial market imbalances. Shortly discussed is role of Cyprus bank crisis in bail-out to bail-in paradigm change and possible influence of bail-in measures on creditors' behavior and stability of financial institutions.
| Identifer | oai:union.ndltd.org:nusl.cz/oai:invenio.nusl.cz:194098 |
| Date | January 2014 |
| Creators | Černík, Jaroslav |
| Contributors | Loužek, Marek, Ševčíková, Michaela |
| Publisher | Vysoká škola ekonomická v Praze |
| Source Sets | Czech ETDs |
| Language | Czech |
| Detected Language | English |
| Type | info:eu-repo/semantics/masterThesis |
| Rights | info:eu-repo/semantics/restrictedAccess |
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