This thesis examines an impact of Greek membership in eurozone on a trustworthiness of Greek economy. In order to do that, it uses a methodology of rating agency Moody´s, on which it applies macroeconomic data. The goal is to identify key factor, which caused the discrepancy between awarded rating and real economic stability. The text itself is divided into two thematic parts. The first introduces an institution of rating Agency and explains the Sovereign Rating Methodology 2013. The second than analyze Greek economy using this methodology and applies findings on the causes of Greek debt crisis. Even though Greek membership in eurozone indeed lowered the interest rates of their bonds, direct impact of this membership on country rating wasn´t proved. Therefore one of the reasons of Greek crisis was also a moral hazard, when the financial markets relied on the fact, that eurozone will not let a member state go bankrupt.
| Identifer | oai:union.ndltd.org:nusl.cz/oai:invenio.nusl.cz:205128 |
| Date | January 2015 |
| Creators | Müller, Lukáš |
| Contributors | Němcová, Ingeborg, Šaroch, Stanislav |
| 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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