66 Abstract Title: Regulated markets in financial instruments Author: Michal Petr Supervisor: JUDr. Petr Kotáb, Ph.D. Regulated markets play important role in market economy since they enable effective allocation of capital and thus enforce the economic growth. First charter of the thesis is devoted to trace history of capital markets in order to illustrate their importance and specific function throughout last centuries. We discuss separately their development and evolution in the Czech Republic and in the rest of the world. In particular, we focus on European legislative framework and its significant changes in last decades as it substantially influences inland law. For this purpose we also consider conclusions of the final report of the committee chaired by Alexandre Lamfalussy which affected the European legislative. In the first part of the chapter we also analyze the institution of regulated markets, as determined by current legislation. In the second part we define investment instruments which are traded on the regulated markets. The second part of the thesis discusses in detail causes of regulation and supervision with particular focus on the Czech Republic. We argue inevitability of the supervision and consider its optimal extent. The next part analysis regulated markets in the spirit of its...
| Identifer | oai:union.ndltd.org:nusl.cz/oai:invenio.nusl.cz:337227 |
| Date | January 2015 |
| Creators | Petr, Michal |
| Contributors | Kotáb, Petr, Kohajda, Michael |
| 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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