The aim of this thesis is to quantify the level of integration of emerging stock markets with developed markets. The work will focus on the mutual relationships between emerging equity markets from different regions and selected developed stock markets. Emphasis is, however, on the countries from the Eastern and Central European region. The methodology will be mostly based on the tools of financial econometrics. Due to the stability of the financial system, the monitoring of connectedness among equity markets is particularly important for governments and central banks. The integration of equity markets has an impact on the real economy by providing lower (but stable) expected returns, reducing the cost of capital, which has ultimately resulted in the inflow of foreign investment. In practical terms, the area of integration of stock markets is also interesting from the perspective of portfolio theory and effective international diversification.

The supervisor for this topic is associate professor Eduard Baumöhl. Detailed information about the supervisor, his publications and research projects are available here.

The aim of this thesis is to design prediction model of corporate financial situation based on the empirical data. The thesis deals with examining the predictive power of the well-known bankruptcy and credit models from the perspective of corporations located in the Czech and Slovak Republic. The main contribution should be creating and verifying our own bankruptcy model with the application in these countries. The theoretical contribution will be a verification of the predictive power of models already well established in the literature; although they were not created on the sample data from the Czech and Slovak companies.

The supervisor for this topic is associate professor Eduard Baumöhl. Detailed information about the supervisor, his publications and research projects are available here.

Regarding to Basel III the requirements for new debt for companies have changed. Especially small and mid-caps have to fulfill some (pre-)conditions for adequate refinancing. The bond placement can be an alternative to classical debt financing.

The supervisor for this topic is Professor Eric Frére. Detailed information about the supervisor, his publications and research projects are available here.

Regarding to Basel III the requirements for new debt for companies have changed. Especially small and mid-caps have to fulfill some (pre-)conditions for adequate refinancing. The bond placement can be an alternative to classical debt financing.

The supervisor for this topic is Professor Eric Frére. Detailed information about the supervisor, his publications and research projects are available here.

Since the global fiance market crisis of 2007 the European Central Bank has implemented a number of extraordinary monetary policy measures. The ECB’s goal has been to reduce uncertainty in the interbank market and to stimulate stagnant bank lending to the real economy in the Eurozone. The author examines how the effect of Central Bank liquidity on European lending volumes has changed over time. Especially the author examines the effects on corporate banking and equity markets.

The supervisor for this topic is Professor Eric Frére. Detailed information about the supervisor, his publications and research projects are available here.

The dissertation will focus on the current topic related to the regulation of commercial insurance companies (in the EU / in selected countries), namely to identify the role of individual risks in determining the solvency of a commercial insurance company and its obligation to hold sufficient solvency capital necessary to cover losses caused by risks. The thesis will contribute to the expert discussion on different approaches to the need for regulation of commercial insurance companies (in the EU / in the world), which is still not finished and there is no agreement on the optimal way of identifying and quantifying risks. The aim of the dissertation may be oriented to make recommendations for commercial insurance institutions, including proposing their own system of identification and quantification of risks. The first phase of the thesis should focus on data collection and analysis of expert studies and reports from which conclusions will be drawn regarding the inadequacy of the relevant risk quantification models applied in commercial insurance industry.

The supervisor for this topic is associate professor Eva Vávrová. Detailed information about the supervisor, her publications and research projects are available here.

The dissertation will focus on the current topic related to the regulation of commercial insurance companies (in the EU / in selected countries), namely to assess the impact of the implementation of the new regulatory framework Solvency II on the functioning of commercial insurance companies and their investment activities. The thesis will contribute to the expert discussion on different approaches to the need for regulation of commercial insurance companies (in the EU / in the world), which is still not finished. The aim of the dissertation may be oriented to make recommendations for commercial insurance institutions, including proposing changes to the investment portfolio. The first phase of the dissertation should focus on data collection and analysis of expert studies and reports from which conclusions will be drawn on approaches to assessing the impact of the implementation of the Solvency II Directive on the insurance market.

The supervisor for this topic is associate professor Eva Vávrová. Detailed information about the supervisor, her publications and research projects are available here.

• Time frame: 2007–2017
• Relationship between asset prices and US household wealth and the effect of that relationship on the economy
• Faber: “the median household’s or asset owner’s wealth has declined by close to 40% in real terms (adjusted by the CPI) from its peak in 2007.”

The supervisor for this topic is Professor Clemens Jäger. Detailed information about the supervisor, his publications and research projects are available here.

Due to current research results the awareness emerged that the relationship between the interest rate and income inequality is found to be negative and statistically significant.

Berisha, Meszaros and Olson interpret this result as suggesting that high income earners derive a larger portion of their income from interest rate sensitive assets.

The supervisor for this topic is Professor Clemens Jäger. Detailed information about the supervisor, his publications and research projects are available here.

• Modelling Sovereign Money for the European banking system
• Based on the Working paper of the IMF (WP/12/202) by: Jaromir Benes and Michael Kumhof: “At the height of the Great Depression a number of leading U.S. economists advanced a proposal for monetary reform that became known as the Chicago Plan. It envisaged the separation of the monetary and credit functions of the banking system, by requiring 100% reserve backing for deposits. Irving Fisher (1936) claimed the following advantages for this plan: (1) Much better control of a major source of business cycle fluctuations, sudden increases and contractions of bank credit and of the supply of bank-created money. (2) Complete elimination of bank runs. (3) Dramatic reduction of the (net) public debt. (4) Dramatic reduction of private debt, as money creation no longer requires simultaneous debt creation.”
• The goal is to create a calibrated model of sovereign money for the banking system of the EU.

The supervisor for this topic is Professor Clemens Jäger. Detailed information about the supervisor, his publications and research projects are available here.

The aim of this thesis is to create models of returns of financial assets, traded on financial markets. Due to the integration of these markets, as well as the dramatic events in the world economy, dependence between returns of distinct assets arises – either within national markets, or between them. These dependencies may be identified in the expected returns, but also in their volatilities, as well as extreme values. The existence of mutual linkages transcends partial financial markets, and thus it is also possible to identify relationships between different asset classes. The fulfillment of the goals set in the thesis assumes the formulation of investment strategies exploiting the identified relationships to strengthen the return, and/or risk profile of an investor.

The supervisor for this topic is associate professor Tomáš Výrost. Detailed information about the supervisor, his publications and research projects are available here.