NOR SUPPORTED TO WRITE IN ENGLISH Navrhy tem bak prac December, 2014

1. Návrhy tém Bakalárskych prác 2014/15
Suggestions for Bachelor Thesis
Antónia Ficová
1. The Impact of Sovereign Wealth Fund Investments on Companies in
Europe
Outline:
First, recreate the portfolio of all investments by sovereign wealth funds in
Europe, and seeks to examine the investment behavior of these funds and test
whether these funds create value for the companies in which they invest. Second, the
importance and market impact of sovereign funds using, moreover target companies
prices and returns. Third, the effect of sovereign wealth fund investments on firm
performance in context with governance and transparency.
References:
• Balding, Christopher. A Portfolio Analysis of Sovereign Wealth Fundsî,
Working Paper, University of California-Irvine, June 5, 2008.
• Bortolotti, Bernardo, Veljko Fotak, William Megginson. The Financial Impact
of Sovereign Wealth Funds Investments in Listed Companiesî, Working
Paper, University of Oklahoma, September 18, 2008.
• Truman, Edwin M. Sovereign Wealth Fund Acquisitions and Other Foreign
Government Investments in the United States: Assessing the Economic and
National Security Implicationsî, Testimony before the Committee on Banking,
Housing, and Urban Affairs, United States Senate, November 14, 2007.
2. Sovereign Wealth Funds’ Strategies and Policies:
A case study of Norway Sovereign Wealth Fund
Outline:
First, present study of the factors affecting the sustainable growth and
performance of the Sovereign Wealth Funds (SWFs) of Norway. Second, debate
between sponsoring and investee countries about governance and transparency.
How these Norway SWF can manage their sustainable growth, performance and
success rate? Results should reveal following qualitative factors such as governance,
policy and planning and quantitative factors such as structure, investment strategy
and decision making ultimately affect the long term growth and success rate of
Norway SWF.
References:
• Bernstein, S., Schoar, A. and Lerner, J., 2009, The investment strategies of
sovereign wealth funds‘, Working paper 14861, National Bureau of Economic
Research, Cambridge, Available at http://www.nber.org.papers/w14861
• Chhaochharia, V., Laeven, L., 2009, Sovereign wealth funds: their investment
strategies and performance‘, Paper available at
http://ssrn.com/abstract=1262383

2. Návrhy tém Bakalárskych prác 2014/15
Suggestions for Bachelor Thesis
Antónia Ficová
• Alberola, E., Serena, J. M., 2008, Reserves, sovereign wealth funds and the
resilience of global imbalances, Economic Notes by Banca Monte dei Paschi di
Siena SpA, 37, 3, 315–343
3. Impact of Sovereign Wealth Funds on the global economy
Outline:
First, describe the organization, management, and objectives of sovereign
wealth funds. Second, the recent transactions and events surrounding sovereign
wealth funds. Third, address the underlying economic principles responsible for the
recent the growth of sovereign wealth funds. Fourth, define the role sovereign
wealth funds play in the global economy, effects of the recent credit and housing
problems on sovereign wealth funds.
References:
• Cho, David. (2008, August 12) Sovereign Funds Become Big Speculators; Pools of
Foreign Wealth Move Into Commodities. The Washington Post, Pg. D1.
• The Washington Post. (2007,October 24) Countries Buying Companies; The Rise of
Sovereign Wealth Funds is Nothing to Fear, If They Operate in the Open. Editorial
Copy, Pg. A18
• Weiner, Eric J. (2008, June 4) Mortgaging America; Investment Funds Run by
Foreign Governments are Keeping the U.S. Afloat. The Los Angeles Times, Editorial
Pg. A23.
5. Debt crisis and the future of European Economic Sovereignty
Outline:
The European Union was created to pursue peace on a continent that had been
ravaged by war twice in a single generation. It has evolved to include 28 countries, 18
of whom operate under a single currency: the euro. First, to begin with the history of
the European Union and move into the creation of the Euro and the causes of the
European Sovereign Debt Crisis. Second, discuss a potential framework for the
future and present steps in order to move toward a fiscally healthy European Union.
References:
• Wells, Sherrill Brown, and Samuel F. Wells, Jr. Shared Sovereignty in the
European Union: Germany's Economic Governance. Yale Journal of
International Affairs 3.2 (2008): 30-43. Print.
• Tsebelis, George, and Geoffrey Garrett. The Institutional Foundations of
Intergovernmentalism and Supranationalism in the European Union. Working
paper. 2nd ed. Vol. 55. N.p.: IO Foundation, 2001. International Organization.
Massachusetts Institute of Technology, Spring 2001. Web. 3 Apr. 2013.
• Risse, Thomas. The Euro Between National and European Identity. Working
paper. Journal of European Public Policy, 4 Feb. 2011. Web. 10 Oct. 2012.

3. Návrhy tém Bakalárskych prác 2014/15
Suggestions for Bachelor Thesis
Antónia Ficová
6. Banking Crisis and Sovereign Debt Sustainability
Outline:
First, to examine the financial crisis of 2008 including the preceding
developments as well as the following Eurozone sovereign debt crisis. Second,
evalute countries that experienced real estate booms, high economic growth and
increasing domestic and external indebtedness, which led to the built up of large
mainly private sector vulnerabilities in the economies. In sum, these vulnerabilities
resulted in the largest international financial crisis in modern time, when economic
conditions changed in 2007-2008.
References:
• Mishkin, F.S. (2011), Over the Cliff: From the Subprime to the Global Financial
Crisis, Journal of Economic Perspectives, vol. 25 no. 1, p 49-70
• Obstfeld, M. and Rogoff, K. (2009), Global Imbalances and the Financial Crisis,
Product of Common Causes, CEPR Discussion Papers no. 7606
• Laeven, L. and Valencia, F. (2012), Systemic Banking Crises Database: An
Update, IMF Working Papers no. 12/ 163