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The range of business loans on the Czech market is wide and the entire process can be confusing. Therefore, selecting the right loan is often difficult and can radically determine the success or downfall of the business. Theoretical part of this bachelor's thesis contains fundamental information about loans, types of loans and the process of getting a loan. The main differences between business loan and consumer credit loan are also described. Finally, there are statistics about business loans and business entities. The objective of this bachelor thesis is to find the most suitable business loan for two model situations. The information about the interest rates and other conditions is provided either by employees of chosen banks, non-banking institutions or via internet sources. The banks are mainly chosen according to their offers for startups and small businesses. Each model situation has various aspects. The most suitable option is chosen by comparing the offered loans for each model situation.

The main goal of this diploma thesis is to evaluate the structure of savings of Czech households based on the developed analysis. A secondary goal is the proposal of measures to improve the current situation. The first part of the work mentions various theoretical perspectives on the problem being solved. Subsequently, using own analysis, this work evaluates the rate of savings of Czech households, and especially their structure. The own analysis also includes two foreign studies that serve as a basis for research in the Czech Republic. Last but not least, the work contains a questionnaire survey that deals with the consumption behavior of the respondents as well as their knowledge in the area of investments. On the basis of a questionnaire survey, the hypotheses established by the author of the thesis on the basis of research questions are verified using statistical testing. At the end, the results of the own analysis are clearly summarized. The author concludes the work with his proposal for improving the current situation.

The aim of the bachelor thesis was to evaluate the development of the Czech mortgage market and also to compare the offer of lenders in the Czech Republic. It focuses specifically on the formation and development of mortgage banking with description of current situation of mortgage market and also the characteristics of the market using indicators such as the interest rate. It further describes the Czech legislation on the mortgage market. Part of the thesis is also a description of the analysis of mortgage loan using basic indicators such as interest rate, fixation duration, fees and repayment and possibilities of a loan. The final part is focused on comparing mortgage loan offers, using the simple sum of rankings method, from banks to specific model examples. The result of the evaluation of the offers analysis is the recommendation of the best offer to each potential applicant.

This bachelor thesis deals with the area of mortgage loans. These are one of the possibilities how to obtain your own housing nowadays. Based on the available sources, the basic knowledge concerning the issue of mortgage loans, including the development of mortgage banking in our territory, is described. The thesis also includes an analysis of the current situation in the mortgage market. The aim of the thesis is to describe the currently offered variants of mortgage loans for selected banking houses. Based on the market share, the five largest banks in the mortgage market were chosen. Specifically, it concerns Hypoteční banka, Česká spořitelna, Komerční banka, Raiffeisenbank and UniCredit Bank. The main goal of the thesis is to choose the most advantageous solution in the form of a mortgage loan according to the specific requirements of fictitious applicants based on the comparison of individual offers of the mentioned banks. In the final part, recommendations for model situations are processed.

This paper is a theoretical one and deals with the real interest rate channel of monetary policy and sensitivity of investment to real interest rate. In the first part, the mechanism of the real interest rate channel is analysed. The second part focuses on the neoclassical model of demand for capital, Fisher’s theory of investment, Tobin’s q and Keynes’s investment theory. All these theories are discussed in the context of real interest rate, i.e., whether they consider that investment reacts inversely to changes of real interest rate. The third part of the paper targets application of theories to the framework of the real interest rate channel. The paper concludes that all the mentioned theories of investment imply that investment reacts inversely and permanently to changes of real interest rate and also that central banks may influence investment via all types of real interest rate, i.e., short and long or market and retail real interest rate.

Needs of people are still increasing and with that is evenly increasing need of financial possibilities. I chose this theme for my diploma because it is present topic and it is affecting all areas of Czech Republic. Goal of my bachelor's diploma "Comparison of consumer's loan on Czech market" was mainly analysis of situation at market of consumer's loan and comparison of non-purpose consumer's loans offered by financial institutions at Czech market. This goal led me to determination of which banks offers the most favorable loans. Theory part of my diploma is mainly focused on characterizing basic terms of this theme and categories of consumer's loans. Then the term of compound interest, types of compounds interests and their calculations of compound interests are according to formulas. Practical part of my diploma is occupied with analysis of current condition at financial institution market. For this work I chose 5 institutions offering loan services and then I chose products of those institutions based on the similarities of terms for granting and drawing loans. To accomplish the goal is important to know theoretical knowledge of consumer's loans and current state of drawings consumer's loans, that are offered by financial institutions to Czech people. A main criterion for the comparison of loans was rate of compound interest due to duration of repayment of consumer's loan. I decided to add multi-criteria comparison by method of order. It compared chosen consumer's loans according to rating criteria like APR, compound interest, high of repayments monthly, total number of repaid amount and fee for early repayments. In the end conclusion is shown as implementation of results. In what order those chosen financial institutions are placed and how favorable is any of those loans for consumer.

Many entrepreneurs and companies use loans to cover their business needs. Usually it is difficult to choose the best offer. The possible solution is the utilization of methods of multiple-criteria decision-making, which make the decision process easier. The goal of this thesis is to describe these methods and use them practically to choose the best loan offer. It was found out that most of the companies do not use these methods. The results are usually significantly affected by the criterion which was the most preferred. For the most of the companies the offer made by MONETA Money Bank, a.s. was the most favourable.

This bachelor thesis is entitled "Valuation of real estate with residential and non-residential premises" The main aim of these thesis is to sum up the issue of real estate valuation. Real estate valuation serves for obtaining the price or value of a property for various purposes. The basis for valuation is gathering of information about the property market that is the subject to valuation and its correct analysis. The real estate price is influenced by the age of the building, historical value, the location, security aspects, employment opportunities, the traffic accessibility, parking, etc., The most important factor that influences the price is the supply and the demand for real estate. There are three methods of real estate valuation: market method, income method and cost method. Thanks to this bachelor thesis I could use and apply my knowledge, gained both during my studies and from literature in the practical part of this thesis.

This thesis deals with the issue of price bubbles on the Czech real estate market. The theoretical part explains the price bubble in terms of behavioural finance, and describes the relationship between monetary policy and asset prices from the perspective of the Austrian school and representatives of traditional economics. In the empirical part, it presents ways of identifying bubbles on the property market using relative indicators and econometric models. By means of econometric methods, this thesis analyses specific factors that influence housing prices in the Czech Republic. It puts a particular emphasis on the impact of interest rates on asset prices, because low inflation and expansionary monetary policy can create conditions for the formation of price bubbles.

The topic of the bachelor thesis is focused on the issue of saving money. The thesis examines the saving tools based on the risk of loss of resources, availability and relative appreciation of invested money. An important role is represented by inflation that increases the price level of goods and services over time. The areas of research are used in the final comparison of tools in the sample and partial practical examples. The primary aim of the thesis is to compare the saving tools with respect to the duration of the saving and the risks associated with it.

The bachelor thesis deals with the level of financial literacy of pupils of selected schools in secondary education. The aim is to determine the pupil's success rate in the questionnaire survey on financial education and, where appropriate, the readiness of pupils to make decisions in the life situation. The bachelor thesis consists of a theoretical part describing the theoretical basis in the field of financial education. Here is explained the concept of financial literacy and the way of implementation of financial literacy in secondary schools. The practical part contains research questions, quantitative research is carried out and evaluated in the form of questionnaire survey among pupils of secondary schools from the South Bohemian Region. Finally, recommended exercises or personal recommendations are included.

The aim of this work was to compare different offers and for a few cases to compute the value of the APR for several types of loans. I made calculations for the loan from building savings, bridging loan, secured loan and two types of mortgages. At the end of my work, the results are processed, assessed and according to the value of the APR is determined the order of the individual types of loans. The aim is to ensure better awareness, greater insight of the financial market and at the same time to help with deciding in what situation what kind of loan to apply.

The dissertation thesis is devoted to the topic of investment with emphasis on their position within the transmission mechanism of inflation targeting. It discusses starting-points of inflation targeting regime, individual transmission channels of monetary policy including their connections, and routes through which the central bank may influence the investment. There are analyzed selected investment theories and other theoretical models that are associated with the investment. Factors, whose changes may induce changes in investment, are derived using the intersection of these two analyzed aspects. They are variables, which flow from a theoretical analysis of transmission channels, as well as variables, that are not directly accented within these channels, but they can be affected by the central bank. Even factors, that are not within the competence of the central bank, are included among the variables. Using available data, sources of investment variability are verified on data for the Czech Republic. Basic empirical analysis of time series and correlation analysis are performed and the vector error correction model is compiled.

Dissertation with title: Housing Financing in the Czech Republic using mortgage loan deals with analysis of mortgage loans. Work aims to acquaint with issue and options of financing of housing. First part is focused on legislation and theory of mortgage loans, where is also characterised process of mortgage loans. Further is followed up comparison mortgage loans with loans from building savings, their advantages and disadvantages when are used to financing of housing. In the second part are presented macroeconomic indicators, that affect state of mortgage market. In the third part are analysed mortgage products of four selected banks , that are Hypotecni banky a.s , Komercni banky a.s, Raiffeisenbank a.s. and České spořitelny a.s. Last part is devoted to model example of two hypothetical clients, where it is carried out comparison of the mortgage loan in the selected banks in terms of fundamental parameters and also the APR. Goal of dissertation is to provide recommendation within this form financing of housing and choose the best variant of mortgage loan for hypothetical clients.

This bachelor thesis focuses on current issues regarding mortgage loans. The thesis aims to characterize the impacts of new regulations and selected macroeconomic factors on the mortgage market. The first part defines mortgage loans, including relevant terms connected to the field. Then, the impact of new legislature on banks and consumers in the mortgage business is researched. Furthermore, the thesis focuses on reccomendations of Czech national bank concerning indicators of LTV, DTI and DSTI. The second part characterizes selected macroeconomic factors and their impact on the mortgage market. The selected macroeconomic factors are gross domestic product, inflation, unemployment and interest rates of mortgage loans. Firstly, the impact of these factors is researched on quantity and sum of new mortgage loans. Then, the macroeconomic indicators are quantified and analyzed using regression analysis.

When closing the mortgage loan, it's usually very difficult to compare offers from various financial institutions only by annual interest rate. The financial institutions often require additional payments and charges. The annual percentage rate of charge allows the customer to evaluate better the advantages or disadvantages of provided mortgage loan. The aim of this work is to compare the advertised interest rate of mortgage loan, annual percentage rate of charge and final rates in individual financial institutions.

This bachelor thesis deals with development of a building savings product in the Czech Republic. It introduces basic characteristics of the product, describes current market conditions and prognoses for its future development and mentions a former purpose of its establishment, which was housing issues solution. The theoretical part firstly introduces the Building Savings Act and changes that were implemented on it so far. It also describes a building savings contract, conditions for state financial aid, problems related to purposefulness of the product, defines the terminology used in this thesis and describes individual parts of the product and its advantageous conditions. Later it provides a general description of individual building societies and the building savings products offered by them. In the applicative part of the thesis, a current state of the building savings product is presented and future development prognoses for neighbouring countries are demonstrated.

Most of the central banks under review, including the ECB, are keeping their interest rates at low levels and continuing their unconventional monetary policy programmes. The two exceptions which have already raised interest rates are to be found in North America. The first is the US Fed, which as expected raised its key rate for the second time this year and announced a more exact procedure for reducing its balance sheet. The second is the Bank of Canada, which has also increased its rates twice. With the exception of Switzerland, inflation is above 1% in all the monitored economies, but is still slightly below the inflation target in most cases. Spotlight focuses this time on the problems of the South African economy and the situation of its central bank. In our Selected speech, ECB Executive Board Member Yves Mersch analyses the challenges and opportunities to central banks arising from the current rapid technological development.

The goal of the diploma thesis is to show influence of the new Consumer Credit Law on mortgages in Czech Republic and its effect on real data. The thesis is dealing with issues of mortgages, shows types of mortgages and the possibility of repaid. Description of making deal between bank and client is written in next part of thesis. There are shown parameters like LTV, loan interest rate and RPSN as well as possibilities of insurance of client and secure of mortgage. Practical part of thesis shows difference between new and old Consumer Credit Law on real data, and shows effect on interest rate and number of contracts after effectiveness of the new law. There is written influence of new law on prices of resident estates. Last part of the thesis describes offers of mortgages of selected banks on Czech market.

The bachelor thesis focuses primarily on the analysis of revenue development of Česká spořitelna. Then it examines whether this revenue development affected the parent company Erste Group. The introductory section defines the main revenue categories. Within these categories the main factors that influenced their development within Česká spořitelna are analyzed. Consequently, the development and main factors affecting these categories are compared with the development of the Erste Group. The thesis captures the development of revenues between 2012 and 2016.

The bachelor thesis focuses on current issues regarding financing of small and medium enterprises. The first chapter thoroughly defines the SME segment. There is also an analysis of the development of small and medium-sized enterprises in the Czech Republic and the comparison of individual indicators with the average values of the European Union. The second chapter of the bachelor thesis describes the general ways of financing the business activity. The conclusion of the theoretical part deals with the characteristics of banking products for financing the operational and investment needs of the company. In the practical part, the theoretical knowledge is gradually applied to the manufacturing company A and the business enterprise B. Based on financial due diligence, these enterprises are analyzed and evaluated. In the last part of the bachelor thesis, specific model situations are created for selected companies and the best financing option is proposed on the current offer of loan products of selected banks.

This thesis analyzes the impact of the monetary policy of the Czech Republic on the Czech banking sector. It explains the monetary transmission mechanism in an inflation targeting regime and its channels: interest rates channel, asset price channel, exchange rate channel and credit channel. The aim of the thesis is to introduce and analyze channels of the Czech transmission mechanism by Correlation and Graphical Analysis of chosen time series and using Linear Regression Model. The analyses are calculated in MS Excel and Gretl.

My thesis focuses on the analysis of financial instruments suitable to finance own housing available in the Czech Republic, especially on mortgages, building savings loans and consumer loans, from the client's perspective. The first chapter presents these three selected options, describes them along with their most important parameters. The second chapter presents three main financial groups in the Czech Republic alongside with their selected products. Individual products are compared and evaluated using preselected examples: buying a property and a reconstruction. Last chapter describes the most common influences on the demand for loan products to finance own housing and analyses them, focusing on the interest rates and the inflation rate.

The global financial crisis of 2008, which forced the central banks around the world to defend a financial stability by using non-standard instruments such as quantitative easing, has resulted in, among other things, the fall of the interest rates to zero, and even to negative values in some countries, which has become the new normal in banking field. In this thesis, we focused on the Czech financial market, and we used the method of Monte Carlo simulation in the Vasicek model for the prediction of the future development of interest rates, both short and long maturities. The model shows that in the short term the rates may fall to negative values, but the prediction shows rising interest rates up to their own equilibrium. The 3-months and 6-months rates show surprisingly uncharacteristic behavior, where their long-term decline and higher volatility caused calculation of the equilibrium as a negative value in the Vasicek model. Than we apply the results in the model for calculating changes in the prices of bonds, which are negatively correlated with the interest rates, and we explore the repricing costs for the bondholders. Also, we will show that commercial banks may control the impact of the interest rate risk on capital by composition of financial assets in various categories, where the accounting classification of the instrument is critical to revaluation of the capital.

The thesis Analysis of mortgages and comparison of their costs is focused on mortgage financing in the Czech Republic. The aim of this thesis is to investigate possibilities of real property financing in Czech Republic and compare them. At the beginning it presents basic characteristic of different types of financial products used in real estate financing, its development in recent years and its conditions of provision. Next part describes the process of acquiring mortgage loan and all of its advantages and disadvantages. The last part of the thesis focuses on the analysis of individual banks, real examples of mortgage loans. Thesis also offers comparison of some Czech and Russian financial products and example of finding the best conditions for clients

This thesis deals with the possibilities of financing housing, in particular savings instrument. The main goal is to determine, what are the differences between building savings banks, especially in the product. Another goal is to monitor and evaluate the options selected housing financing in the Czech Republic. The work focuses on market analysis, building societies and comparison of their products. The first part deals with the explanation of the concepts of housing and savings, including the establishment process of building savings and loan drawdown of savings. Attention is also paid to support housing programs from various government entities. Another part describes building savings banks operating on the Czech market. The last part describes and compares the conditions of products, what conclusions arise that are described in the summary at the end of work. Finally, the work summarizes the most important facts from all the chapters.

The topic of this diploma thesis is the analysis of the factors influencing the mortgage market in the Czech Republic. The first part explains the basic terms related to the mortgage loan. Then follow characteristics of different mortgage loans which a client is able to get on the local market. Next there is a description of the history of mortgage lending in the Czech Republic and its development to the present day. The first chapter of the analytical part defines the factors which has influence on the development of the mortgage market. In the next chapter these macroeconomic factors are analyzed and evaluated. The objective of the work is to create a simplified model describing the interaction of macroeconomic variables and the mortgage market, used to estimate the future development and managing banking risk.

The thesis deals with the analysis of mortgage products, their supply on the market and their development in the Czech Republic. In the introduction the mortgage loan is defined and legally defined. In the second chapter describes how mortgage loans are divided and what the current situation on the market of these products. Another section is devoted to mortgage bonds as a security that is closely related mortgage loans. In conclusion, the author decided to look for a mortgage with a macroeconomic perspective. Work includes several tables and graphs, on which issues more clearly described. The annex contains an application for a mortgage loan, announcement of Wüstenrot hypoteční banka a. s. about the issue of mortgage bonds and the method of calculating tested hypotheses.

This master thesis aims to describe problematics of the stochastic modeling of time structures of interest rates with Vasicek, CIR and Hull-White models and the use of these models in valuation of liabilities and time value of options and guaranties in life insurance. In the theoretical part of the thesis there are fundamentals of stochastic calculus, stochastic models of interest rates and introduction to problematics of life insurance defined. Furthermore, the last practical part of the thesis demonstrates impact of particular models on the value of liabilities in relation to clients and on the value of TVOG of real European life insurance Company.

In the beginning this thesis deals with the theory of the exchange rate, its quotations, significance of its economic effect and ultimately the parity rate of interest, which is divided into a covered and an uncovered interest parity. It is followed by the methodology, which includes formulas and procedures used to achieve the aim. The most important part is the practical part, which deals with the general presentation of selected countries (Czech Republic, Republic of Poland, Hungary, Republic of Croatia and Romania) in terms of significant macroeconomic indicators and also shows the development of the exchange rates and interest rates in those countries. Subsequently, the thesis focuses on the verification of the uncovered interest parity by means of a graphical analysis, a regression analysis and a paired t-test. In view of results of these methods the conclusion was reached, that the theory has not been proven. The last two chapters describe the differences between the results of the selected countries and the possible reasons for the failure of the uncovered interest rate parity.

This bachelor's thesis is focused on the development of interest rates in the mortgage market in the Czech Republic in the decade between 2006 and 2016. A strong economic growth between 2006 and 2007, which had positive effects in the mortgage loan market, was followed by a deep slump in the form of global financial crisis unleashed by speculations in the real estate market in the U.S. The main aim of the work is based on the development of mortgage interest rates and the significant factors that affect their amount - to verify or disprove the hypothesis that interest rates respond to changes of these factors. The results confirm the hypothesis only in certain areas. The influence of changes of interest rates has been proven in the case of inflation and discount rates by usage of the econometric model. Factors that have not shown a significant direct influence of interest rates may have an indirect influence on their change.

The thesis deals with loans to finance own housing. The thesis is primarily focused on mortgage loans, bridging loans and hans coming from building savings, both of them provided by building societies. In particular parts of the thesis are described basic principles of mortgage hans and building savings loans. There is stated thein legislation, kinds and types of individual housing loans. In the following part is analyzed the current market situation and market development of housing loans in the Czech Republic including the factors influencing this development. In the last part are compared different types of the hans using a model example. In comparison are included fees relating to loans and interest rates, which are published on the official website of selected companies.

The aim is to analyze the economic and political aspects of the dissolution of Czechoslovakia in 1993 in the context of monetary separation and further analyze its impact on monetary indicators in the Czech Republic and the Slovak Republic. The thesis provides a comprehensive view of the development of relations within Czechoslovakia after 1989 and monetary separation in 1993. First, attention is focused on description and analysis of economic and political relations between the two nations, which are demonstrated in the illustrative examples of the development of Czechoslovakia between 1989 and 1993. Then analyzes the preparation, conduct and impact of monetary separation on the inflation rate, balance of payments, interest rates and foreign exchange reserves, and consequently macroeconomic indicators are compared both newly formed states. The thesis is written for use with the description, analysis and comparison. Based on the analysis, we can conclude that the collapse of the state was no longer possible in 1993 to avoid. It can be concluded that the monetary separation had no immediate impact on the study of monetary indicators. Based on comparison of selected macroeconomic indicators of the countries we were able to demonstrate that in the first years after the collapse of the federation with the Czech economy developed better and more stable than Slovak Republic. Implementation and results of the disintegration of Czechoslovakia and the associated monetary separation can be considered as a basis for solving current problems eg. In any disintegration of the common currency in the European Union or the possible dissolution of several national states. A proper currency separation in 1993 had a negative impact on the development of monetary variables surveyed states.

The theme of this thesis is mortgage market and its development in Czech Republic. Introductory part focuses on clarifying basic concepts and processes related to mortgage loans supplemented by information about Czech mortgage market. The second part deals with the current state of the Czech mortgage market. In the third part is done a comparison of the offers of several mortgage lenders, including its evaluation. The following part compares official bids with real offers. The fifth and last part is focused on development of the mortgage market. The attention isn´t concentrated on historical development, but on news and product innovations that are shaping the current domestic mortgage market and its future form.

Generally is quite difficult to compare loans when the provided interest rates are used only. There are many other payments and fees which make the loans more expensive. This bachelor thesis is focused on the comparison of provided interest rates, annual percentage rates and final percentage rates of non-specific commercial loans.

This thesis aims to analyze the significance of the impact of low interest rates on profitability of banks in the Czech Republic. Profitability of banks is examined through an analysis of the financial profitability ratios on a sample of 6 banks in the period 2004 to 2014. A more detailed analysis and a better assessment of the impact of low interest rates on bank profitability are used decomposition of return on equity, which did not show the effect of low interest rates on return on assets. A more relevant indicator for assessing the impact of low interest rates is the net interest margin, reflecting a negative impact with half of all banks. The financial analysis results were confirmed in a subsequent regression analysis, which examined a variety of internal and external determinants of profitability including the impact of low interest rates. The impact of low interest rates, there was again demonstrated only in the net interest margin, but it certainly can not talk about the dominant factor.

The thesis examines foreign currency (FX) loans in Hungary and tries to compare them to leverage investment strategy known as carry trade. FX loans in Hungary after 2003 enjoyed great development, but only until the outbreak of the global financial crisis in 2008, which fully revealed the negatives associated with this type of financing, which resulted in a threat to the stability of the whole financial sector in the country. This thesis describes the situation in Hungary and examines the consequences connected with mass development of FX loans. There is an analysis of the currency crisis in 2008 as a part of the thesis. At the same time, the thesis aims to analyze the causes that were behind the unusually rapid growth of FX loans. The factors are divided on the demand and supply motivated factors.

This bachleor thesis is focusing on mortgage loans provided in the Czech Republic, their analysis, efficiency and actual roll in banking services. The beginning is dedicated to basic theoretical concepts of mortgage loans and it is completed by adequate calculations. Further defined is the process of refinancing, types of mortgage loan and the way of amortization. The relatively strong emphasis is given on current legislative decree and on its analysis. The thesis also discusses the state aid and the detail view on interest rate; namely for the period from 2008 to the beginning of the year of 2016. Attention is either given to basic macro-economical interest rate developments from the year of 2010, until contemporaneousness. The last part is devoted to practical exploitation of the proces of consolidation and refinancing in comparison with eight competing providers, aimed at the interest rate, commisions and monthly installments, demonstrating their advantages for the client.

This bachelor thesis deals with the issue of transmission mechanism in the condition of a financial crisis and primarily focuses on partial analyses of using unconventional tools and their impacts. I have used analysis, comparison a correlation as methodological foundation. On the basis of performed analyses, I have concluded that the laid-out thesis: meeting the objects of a central bank via unconventional policy was verified. The benefit of my work is an overall view on US economy since 2008 to present and a description of its development, including alternative methods of and perspectives.

The purpose of this thesis is to provide advice to potential applicants for consumer credit on how to navigate in a wide range of loans on the financial market. A potential candidate for a loan was identified as well as an appropriate methodology to be used for comparison of non-purpose loans and then I analyzed the offers of five selected institutions (3 banking and 2 non-banking). The next purpose of this thesis was to design qualifying questionnaire survey focused on consumer loans and confirm the hypothesis that there is no difference between the candidates with lower or higher income with which institutions they apply for a credit.

The objective of the bachelor thesis is to analyse student bank accounts on the Czech market. The theoretical part of this bachelor thesis describes banking products and payment systems. Main focus is given to overall bank account maintenance and payments cards. The practical part of the bachelor thesis benchmarks student accounts. Secondary market research was conducted to collect data from seven banks which offer student products in the Czech Republic. In making comparison between these products, four different attributes, which students typically look for in a bank account, were defined. At the conclusion of this thesis is evaluated which account is the most advantageous and under what conditions are student accounts effective.

Výhledy HDP, inflace, předstihových ukazatelů, úrokových sazeb, měnových kurzů a cen komodit. V rámci rubriky „Zaostřeno na…“ obsahuje zpráva článek "Je hrozba deflace v eurozóně reálná?". Cílem tohoto dokumentu je koncentrovat informace aktuálních predikcí a výhledů mezinárodních institucí, vybraných centrálních bank a agentury Consensus Economics pro hlavní světová ekonomická teritoria (tj. eurozóna, USA, Čína) a německou ekonomiku, jakožto nejvýznamnějšího obchodního partnera České republiky.

This thesis deals with monetary policy from the point of view of its impact on the creation of speculative bubbles and presents the mechanism with which the central banks can, on a general scale, stimulate a significant increase in prices of assets which has no fundamental justification. The thesis analyses two selected speculative bubbles which preceded one of the deepest economic crises and confirms the significant influence of the expansionary monetary policy of The Fed on their creation. Attention is also paid to the measures implemented by The Fed in reaction to bursting of the pricing bubbles, which are very different in both cases of economic crisis.

Výhledy HDP, inflace, předstihových ukazatelů, úrokových sazeb, měnových kurzů a cen komodit. V rámci rubriky „Zaostřeno na…“ obsahuje zpráva analýzu Heterogenita finančních podmínek v zemích eurozóny.

Výhledy HDP, inflace, předstihových ukazatelů, úrokových sazeb, měnových kurzů a cen komodit. V rámci rubriky „Zaostřeno na…“ obsahuje zpráva analýzu Dopady finanční krize na vývoj cenových úrovní v zemích Visegrádské skupiny. Cílem tohoto dokumentu je koncentrovat informace aktuálních predikcí a výhledů mezinárodních institucí, vybraných centrálních bank a agentury Consensus Economics pro hlavní světová ekonomická teritoria (tj. eurozóna, USA, Čína) a německou ekonomiku, jakožto nejvýznamnějšího obchodního partnera České republiky.