Eurosone debt crisis

Název práce: Eurosone debt crisis
Autor(ka) práce: Yaradan-Guliyev, Nemat
Typ práce: Diploma thesis
Vedoucí práce: Brůna, Karel
Oponenti práce: Šímová, Kateřina
Jazyk práce: English
Abstrakt:
This thesis is about the Eurozone debt crisis – how it began, what were the solutions and lessons learned. The paper provides an in-depth analysis into Greece, Italy, and Ireland – chosen to reflect economies that are in the eurozone and have different economic and debt characteristics. The aim of the thesis is to explore through case studies how crisis began in each of the countries listed above, why it started, how they dealt with it and the post-crisis period. The main research questions are the following: 1. What were the main reasons of debt crisis in the chosen countries? 2. What were the mechanisms of solving the debt crisis in the chosen countries? 3. What are the prerequisites of future economic development in the chosen countries? The main findings of the thesis are that even though the global financial crisis of 2008 did play a role in triggering the Eurozone debt crisis, it did it through different ways for different countries. For example, in the countries that were already significantly indebted prior to the 2008 crash, like Greece and Italy, the global financial crisis was more of an exposer rather than a trigger, while on the other hand, in Ireland, the ’08 crash was the main trigger as it drastically reduced liquidity in the Irish banking system which caused property prices to fall and construction activity to halt.
Klíčová slova: Debt Sustainability; Restructuring; Euro; Trade Balance; Budget Deficit; Debt-to-GDP; Cost of Funding; Gross Domestic Product; Interest Rate; Greece; Italy; Ireland
Název práce: Eurosone debt crisis
Autor(ka) práce: Yaradan-Guliyev, Nemat
Typ práce: Diplomová práce
Vedoucí práce: Brůna, Karel
Oponenti práce: Šímová, Kateřina
Jazyk práce: English
Abstrakt:
This thesis is about the Eurozone debt crisis – how it began, what were the solutions and lessons learned. The paper provides an in-depth analysis into Greece, Italy, and Ireland – chosen to reflect economies that are in the eurozone and have different economic and debt characteristics. The aim of the thesis is to explore through case studies how crisis began in each of the countries listed above, why it started, how they dealt with it and the post-crisis period. The main research questions are the following: 1. What were the main reasons of debt crisis in the chosen countries? 2. What were the mechanisms of solving the debt crisis in the chosen countries? 3. What are the prerequisites of future economic development in the chosen countries? The main findings of the thesis are that even though the global financial crisis of 2008 did play a role in triggering the Eurozone debt crisis, it did it through different ways for different countries. For example, in the countries that were already significantly indebted prior to the 2008 crash, like Greece and Italy, the global financial crisis was more of an exposer rather than a trigger, while on the other hand, in Ireland, the ’08 crash was the main trigger as it drastically reduced liquidity in the Irish banking system which caused property prices to fall and construction activity to halt.
Klíčová slova: Restructuring; Euro; Gross Domestic Product; Trade Balance; Budget Deficit; Debt-to-GDP; Cost of Funding; Interest Rate; Greece; Italy; Debt Sustainability; Ireland

Informace o studiu

Studijní program / obor: Finance and Accounting
Typ studijního programu: Magisterský studijní program
Přidělovaná hodnost: Ing.
Instituce přidělující hodnost: Vysoká škola ekonomická v Praze
Fakulta: Fakulta financí a účetnictví
Katedra: Katedra měnové teorie a politiky

Informace o odevzdání a obhajobě

Datum zadání práce: 25. 11. 2020
Datum podání práce: 5. 8. 2021
Datum obhajoby: 15. 9. 2021
Identifikátor v systému InSIS: https://insis.vse.cz/zp/75296/podrobnosti

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