1. Impact of the American mortgage crisis on the economy of Czech republic
- Author
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Roháč, Michal, Kalínská, Emílie, and Černá, Iveta
- Subjects
financial crisis ,impact on Czech Republic ,monetary expansion ,Austrian theory of bussines cycles ,rakouská škola ,state intervention ,monetární politika ,hospodářský cyklus ,finanční krize ,dopady na ČR ,státní zásahy ,hypoteční krize ,mortgage market meltdown - Abstract
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.
- Published
- 2010