BPF_TFSC Transformation of the Financial System – Essay Topics 1. Financial development and economic growth – are they connected? 2. Why financial markets are regulated? 3. Regulation vs. deregulation of financial markets. 4. Advantages and disadvantages of Bretton Woods global financial system. 5. What trigger asset bubbles: rational or speculative behavior of investors? 6. How speculative asset bubbles might be predicted? 7. Alternative energy sector: a new speculative bubble? 8. Costs and benefits of speculation. 9. Is there an exorbitant privilege for euro? 10. The role of rating agencies in the global financial crisis of 2007-2010. 11. The causes of the 2007-2010 global financial crisis. 12. Global financial system based on US dollar: where is the end? 13. The limits of financial globalization. 14. Bretton Woods and post-Bretton Woods financial systems: which one is better? 15. Financial innovation – an opportunity for financial development or cause of bankruptcies and financial crises? 16. How to compare financial systems? 17. How global financial crisis affected the financial system of the Czech Republic? 18. How global financial crisis affected the financial system of China? 19. How global financial crisis affected the financial system of Russia? 20. China – is a world’s future economic power or just one-time wonder? 21. Corruption and transparency in modern China and Russia. How they affect financial development? 22. The command economy system in Soviet Russia and Maoist China. What was similar? What was different? 23. The strategies of economic reforms in the Czech Republic and China. 24. Capital markets of the Czech Republic and modern Russia. 25. Regulation of financial markets in the Czech Republic and modern Russia. 26. Privatization process in Russia: what went wrong? 27. The role of oligarchs in the financial system of Russia. 28. How oil and gas prices affect the stability of Russia’s financial system? 29. How to reduce poverty? The experience of China. 30. Most effective ways to attract FDI. The experience of China. 31. Economic transformation in the Czech Republic and China: which one was more successful? 32. Banking systems of the Czech Republic and Russia: foreign-owned vs. state-owned. 33. Banking systems of China and Russia: two degrees of state domination. 34. Banking systems of China and Russia: key vulnerabilities. 35. Non-performing loan problem in the Czech Republic, China and Russia during the last twenty years: which situation is worse? 36. Banking systems of China and Russia: key challenges. 37. Banking systems of the Czech Republic and Russia: key challenges. 38. Chinese stock market: opportunities and weaknesses for further development. 39. Prague Stock Exchange: opportunities and weaknesses for further development. 40. Is financial system of China sound and safe? 41. Is financial system of Russia sound and safe? 42. Is financial system of the Czech Republic sound and safe? 43. Key factors of Russia’s economic development: opportunities and weaknesses. 44. Key factors of China’s economic development: opportunities and weaknesses. 45. The 1998 Russian financial collapse: a wake-up call or a missed opportunity? 46. Drivers of the economic growth in the Czech Republic, China and Russia: which situation is better? 47. Capital market of the Czech Republic and China: are they related? 48. Capital market of the Czech Republic and Russia: are they related? 49. Chinese and Russian capital markets: are they related? 50. Is Chinese stock market efficient? 51. Is stock market of the Czech Republic efficient? 52. Is Russian stock market efficient? Every topic might be chosen by two students only. Other essay topics might be added after the consultation with teachers.