Essay	
  Topics	
  
1. Financial	
  development	
  and	
  economic	
  growth	
  –	
  are	
  they	
  connected?	
  	
  
2. Why	
  financial	
  markets	
  are	
  regulated?	
  	
  
3. Advantages	
  and	
  disadvantages	
  of	
  Bretton	
  Woods	
  global	
  financial	
  system.	
  	
  
4. How	
  to	
  differentiate	
  rational	
  bubbles	
  in	
  asset	
  prices	
  from	
  speculative	
  ones?	
  
5. How	
  speculative	
  asset	
  bubbles	
  might	
  be	
  predicted?	
  
6. Is	
  there	
  an	
  exorbitant	
  privilege	
  for	
  euro?	
  	
  
7. The	
  role	
  of	
  rating	
  agencies	
  in	
  the	
  global	
  financial	
  crisis	
  of	
  2007-­‐2010.	
  	
  
8. The	
  causes	
  of	
  the	
  2007-­‐2010	
  global	
  financial	
  crisis.	
  	
  
9. Global	
  financial	
  system	
  based	
  on	
  US	
  dollar:	
  there	
  is	
  the	
  end?	
  	
  
10. Bretton	
  Woods	
  and	
  post-­‐Bretton	
  Woods	
  financial	
  systems:	
  which	
  one	
  is	
  better?	
  	
  
11. Financial	
  innovation	
  –	
  an	
  opportunity	
  for	
  financial	
  development	
  or	
  cause	
  of	
  	
  bankruptcies	
  and	
  
financial	
  crises?	
  	
  
12. How	
  global	
  financial	
  crisis	
  affected	
  the	
  financial	
  system	
  of	
  the	
  Czech	
  Republic?	
  	
  
13. How	
  global	
  financial	
  crisis	
  affected	
  the	
  financial	
  system	
  of	
  China?	
  	
  
14. How	
  global	
  financial	
  crisis	
  affected	
  the	
  financial	
  system	
  of	
  Russia?	
  	
  
15. China	
  –	
  is	
  a	
  world’s	
  future	
  economic	
  power	
  or	
  just	
  one-­‐time	
  wonder?	
  	
  
16. Corruption	
  and	
  transparency	
  in	
  modern	
  China	
  and	
  Russia.	
  How	
  they	
  affect	
  financial	
  development?	
  
17. The	
  command	
  economy	
  system	
  in	
  Soviet	
  Russia	
  and	
  Maoist	
  China.	
  What	
  was	
  	
  similar?	
  What	
  was	
  
different?	
  	
  
18. The	
  strategies	
  of	
  economic	
  reforms	
  in	
  the	
  Czech	
  Republic	
  and	
  China.	
  	
  
19. Capital	
  markets	
  of	
  the	
  Czech	
  Republic	
  and	
  modern	
  Russia.	
  	
  
20. Regulation	
  of	
  financial	
  markets	
  in	
  the	
  Czech	
  Republic	
  and	
  modern	
  Russia.	
  	
  
21. Privatization	
  process	
  in	
  the	
  Czech	
  Republic	
  and	
  Russia.	
  	
  
22. Privatization	
  process	
  in	
  Russia:	
  what	
  went	
  wrong?	
  	
  
23. How	
  to	
  reduce	
  poverty?	
  Experience	
  of	
  China.	
  	
  
24. Economic	
  transformation	
  in	
  the	
  Czech	
  Republic	
  and	
  China:	
  which	
  one	
  was	
  more	
  	
  successful?	
  	
  
25. Banking	
  system	
  of	
  the	
  Czech	
  Republic	
  and	
  Russia:	
  foreign-­‐owned	
  vs.	
  state-­‐owned.	
  	
  
26. Banking	
  system	
  of	
  China	
  and	
  Russia:	
  two	
  degrees	
  of	
  state	
  domination.	
  	
  
27. Chinese	
  banking	
  system:	
  extremely	
  complex	
  or	
  incredibly	
  simple?	
  	
  
28. Banking	
  system	
  of	
  China	
  and	
  Russia:	
  key	
  vulnerabilities.	
  	
  
29. Non-­‐performing	
  loan	
  problem	
  in	
  the	
  Czech	
  Republic,	
  China	
  and	
  Russia	
  during	
  the	
  last	
  twenty	
  years:	
  
which	
  situation	
  is	
  worse?	
  	
  
30. Banking	
  system	
  of	
  China	
  and	
  Russia:	
  key	
  challenges.	
  	
  
31. Banking	
  system	
  of	
  the	
  Czech	
  Republic	
  and	
  Russia:	
  key	
  challenges.	
  	
  
32. Chinese	
  stock	
  market:	
  opportunities	
  and	
  weaknesses.	
  	
  
33. Prague	
  Stock	
  Exchange:	
  opportunities	
  and	
  weaknesses.	
  	
  
34. Is	
  financial	
  system	
  of	
  China	
  sound	
  and	
  safe?	
  	
  
35. Is	
  financial	
  system	
  of	
  Russia	
  sound	
  and	
  safe?	
  	
  
36. Is	
  financial	
  system	
  of	
  the	
  Czech	
  Republic	
  sound	
  and	
  safe?	
  	
  
37. Key	
  factors	
  of	
  Russia’s	
  economic	
  development:	
  opportunities	
  and	
  weaknesses.	
  	
  
38. Key	
  factors	
  of	
  China’s	
  economic	
  development:	
  opportunities	
  and	
  weaknesses.	
  	
  
39. Starting	
  conditions	
  of	
  the	
  economic	
  transformation	
  in	
  the	
  Czech	
  Republic	
  and	
  China:	
  similarities	
  and	
  
differences.	
  	
  
40. The	
  1998	
  Russian	
  financial	
  collapse:	
  a	
  wake-­‐up	
  call	
  or	
  a	
  missed	
  opportunity?	
  	
  
41. Drivers	
  of	
  the	
  economic	
  growth	
  in	
  the	
  Czech	
  Republic,	
  China	
  and	
  Russia:	
  which	
  	
  situation	
  is	
  better?	
  	
  
42. Capital	
  market	
  of	
  the	
  Czech	
  Republic	
  and	
  China:	
  are	
  they	
  related?	
  	
  
43. Capital	
  market	
  of	
  the	
  Czech	
  Republic	
  and	
  Russia:	
  are	
  they	
  related?	
  	
  
44. Chinese	
  and	
  Russian	
  capital	
  markets:	
  are	
  they	
  related?	
  	
  
	
  
Every	
   topic	
   might	
   be	
   chosen	
   by	
   five	
   students	
   only.	
   Other	
   essay	
   topics	
   might	
   be	
   added	
   after	
   the	
  
consultation	
  with	
  teachers.