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Main objective of this diploma thesis is to analyze the business cycle in USA, Germany and Czech Republic in years 2005 -- 2014 and evaluate impacts on each economy and particularly on labor markets. Work contains circumstances of beginning of the world economic downturn, which hit the world economy during those years, impacts of the crisis on each economy and analysis of the stimulus packages passed by both central governments and central banks. Analysis and comparsion is made by monitoring the development of main macroeconomic indicators such as GDP growth, rate of unemployment and employment, public debt or inflation. Conclusion is that German labor market was struck the least of the three countries and it didnt suffer from high rates of unemployment or decrease of employment. That was achieved mostly because optimal labor market reforms which were done before the beginning of the crisis.

The purpose of this thesis is to evaluate the impact of the global financial crisis on the economies of Ireland and Iceland. The theoretical part is focused on the theory of the business cycle at first and the associated characteristics of the financial crisis. Then a view of various economic schools on creating the budget deficit and public debt is described. In the practical part the pre-crisis period is analyzed, in which both countries have experienced an economic boom. At the same time, however, this period was accompanied by negative effects which amplified the impacts of the crisis. Despite a starting torque, the collapse of US bank Lehman Brothers, the thesis describes the collapse of the banking sector of both countries and their chosen government measures. Furthermore, the text deals with comparison of the impact of the crisis on the economies of Ireland and Iceland using selected economic indicators. The evaluation results are primarily focused on the current state of the economy and its expected future development. Although both countries managed to re-start economic growth, they still have to deal with some problems that the crisis left. In the case of Ireland it is largely of high government debt and unemployment, Iceland is struggling with set capital controls, currency volatility and associated price stability. Both states also trouble high private debt, restore of the banking sector and its confidence. However their prospects are positive and the situation should steadily improve. The hypothesis that Iceland's economy is doing better now and has more growth potential than the economy of Ireland, was refused based on the analysis and comparison of selected economic indicators.

stract Abstract The aim of this thesis is to compare the responses of the two largest economies in the world - the U.S. and the EU -- to economic, debt and financial crisis that began in 2007 on U.S. mortgage markets, respectively, confirm or disprove the hypothesis that the United States deal with the crisis better. For this purpose the thesis describes the causes and consequences of the crisis on which was applied measures at EU level and at the level of the USA. The list of these measures is also presented in the thesis. To decide whether the hypothesis is correct or not is at the thesis analyzed the impact of the measures implemented to both economics. This analysis is based on monitoring the development of statistical indicators of major macroeconomic aggregates - especially the GDP, unemployment and public debt, and quantification of bailouts for the financial sector. Based on the above analysis, the present work confirmed the hypothesis.

Excessive lending activity of banks is considered to be one of the causes of the recent financial and economic crisis. The theme of this thesis is to evaluate the relation of credit and the business cycle in the euro area countries and explore the differences which have been among these countries recorded. The primary objective of this work is the analysis of the credit cycle in these countries and its develoment from 2000 to the present. The paper will address further the question of whether financial markets can create for themselves economic imbalances through endogenous credit "booms". First part will deal with the theory off business cycles, then with alternative approaches, namely the Financial Instability Hypothesis of Hyman Minsky and followed by the latest theoretical knowledge on the issue of credit cycles. The next part will focus on identifying and analysing factors playing the significant role in the development of the economy in the pre-crisis period. The following section will be devoted to the international comparison of the credit and business cycles in the euro area (selection of those states that were more resistant to crisis and those sensitive to the crisis). The conclusion will address some recommendations for the policies of central banks, which may in turn reduce the pro-cyclical effects of developing leverage.

The diploma thesis clarifies main causes of the mortgage market meltdown in the USA as a starter to the global financial problems. The objective of the thesis is to analyze the American mortgage and housing market price bubble according to the views of the Austrian school of economics, which claims that problems were caused by inappropriate intervention of the U.S. Federal Government, Federal Reserve System and other government institutions in the markets. Furthermore, the thesis criticize the actions and measures taken by the U.S. government to stabilize the economy, which only seeks to alleviate the consequences, not to prevent the causes. Last chapter of the thesis analyze the impact of the subsequent financial crisis and global economic downturn on financial market, real economy and international trade of Czech republic.

The financial crisis is a phenomenon that affected almost the whole world in 2008. This thesis deals with issues of the financial crisis in the Czech Republic. The thesis is divided into several parts. In the first part the financial crisis, its causes, and its course till affecting the Czech Republic is characterized. Furthermore, I assess the impact of the crises on the Czech economy and its development in 2008. In the next part I evaluate the impact of the crisis on the Czech investors in 2008 and I focus on the scope of the Czech National Bank. In the last part I think about solving financial crisis and I think about it, whether the financial crisis has a positive impact on the economy of the State.

I consider in this bachelor thesis possible causes of the financial crisis 2007-8. I analyze the problems the theory of economic growth, the theory of asset price bubbles, securitization, innovation and regulation of financial market, the housing market and the mortgage market. I replenish the knowledge of the economics with the elements of mass psychology, which determinates decision making of the economic subjects. I result mainly from the Austrian Economics in my thesis.

The main goal of my bachelor thesis is to analyze and compare steps against crisis, which were proposed in the Czech Republic to alleviate the effects of the Financial Crisis there. I focus mainly on the National anti-crisis plan and its possible alternatives. The whole analysis is based on available empirical dates. In a theoretical part I deal with current financial and economic crisis from the point of view of economic theory. I focus mainly on the theory of Financial Crisis and the theory of the Business Cycle. In the second part I deal with indicators of current Financial Crisis and I describe the current state of world economy as a result of financial and economic crisis. Then I analyze rescue packages and I focus on some individual steps to mitigate negative impacts of the Financial Crisis in the Czech Republic. Then I describe some potential impacts of those steps to the Czech economy. At last, but not at least I focus on steps, which are the most effective ones from my point of view and I describe their positive effects on the Czech economy.

My thesis has two aims. The first one is to present anti-crisis measures adopted during the Great depression and the current financial and economic crisis. Afterwards, I evaluate and criticize those measures from the point of view of the Austrian school and Keynesian. Both those schools are each other in opposition concerning the opinion on government interventions. Austrian school represents one of the most liberal economical streams, while Keynesians are part of those economical streams that support government participation in the field of aggregate demand. The second aim is to find analogy between the Great depression and the current financial and economic crisis. The searched analogies are related to events that foreran both crisis and that had a direct influence on those crises.

The goal of my work is to compare the Great Depression in the USA to the current depression. I would like to compare the causes, development and government actions to fight both these depressions. My work concentrates at the tools which were used to ''save the economy'' in the USA after the economic breakdown in 1929 and also at the results of using these tools. According to the analysis of individual steps of the New Deal I will try to estimate the effectivity of proposed similar measures supposed to fight the current financial crisis in the USA as well as in the European Union and in the Czech Republic.

The purpose of this work is to describe economic development of a relatively small open economy before the occurrance as well as during the ongoing financial crisis and domestic recession. The first part of the text describes economic cycle and economic policy theories, and outlines aspects of financial system instability and its likely impacts on real economic activity. The second part brings out discussion of historic predispositions, sources of growth as well as condition of economic policies in Ireland. By means of relevant statistical indicators an analysis of macroeconomic equilibrium is undertaken. Also, in context of the global crisis, main contagion mechanisms, fall-outs and mitigating policy measures are inspected.