Vývoj bankovních zajišťovacích instrumentů v krizovém období

The goal of the paper is to analyze development of bank credit hedging instruments during world economic crisis. The opening chapter provides general information about banks and requirements for their functioning, especially in accordance with their position in today's globalized world, which is followed by detailed description of bank credit hedging instruments (Documentary Letter of Credit, Bank Guarantee and Forfaiting). Next part focuses on direct and indirect causes of the crisis, its process and consequences, where is paid attention primarily to the effect on international trade. The last chapter is the core of the thesis and is dedicated to qualitative and quantitative changes of credit hedging instruments during the crisis.