02960ntm a22004937a 4500 000203596 CZ-PrVSE 20150215225825.0 m d cr n|||||||||| 150215s2011 xr fsbm 000 0 eng d NEZPRACOVANÝ IMPORT ABA006 cze ABA006 ABA006 Čavojec, Ján ISIS:42190 dis Development of the Catastrophe Bonds and their correlation with other financial instruments eng Development of the Catastrophe Bonds and their correlation with other financial instruments [elektronický zdroj] / Ján Čavojec 2011 ?? s. : digital, PDF soubor Vedoucí práce: Jiří Hnilica Diplomová práce (Ing.)—Vysoká škola ekonomická v Praze. Fakulta podnikohospodářská, 2011 Obsahuje bibliografii Textový (vysokoškolská kvalifikační práce) Rok obhajoby 2011 This master thesis discusses the niche of reinsurance business -- catastrophe bonds. It provides a brief description of reinsurance in general, insurance-linked securities and catastrophe bonds. The goal of this thesis is to describe the development of cat bond market and the influence of economic and natural shocks on it. In order to analyze the effect, quarter issuance data are used together with Swiss Re Cat Bonds return indexes. In addition, several other variables (i.e. Munich Re and Swiss Re stock prices) and indexes are used. The most important indexes are Merrill Lynch high yield bonds and structured products. The shocks' influence is examined by analyzing the correlation between cat bonds yields and other financial instruments. The conclusion of the thesis is that during economic boom cat bonds are correlated with other instruments. In times of recession cat bonds' yields prove to be negatively or not correlated with other negatively affected instrument. Způsob přístupu: Internet international management [obor dipl. práce] diplomové práce fd132022 czenas master's theses eczenas reinsurance catastrophe bonds insurance-linked securities Hnilica, Jiří, 1976- xx0023776 ths Varvařovský, Václav opn Vysoká škola ekonomická v Praze. Podnikohospodářská fakulta kn20010709402 https://isis.vse.cz/zp/21481/podrobnosti VŠKP v InSIS https://isis.vse.cz/zp/21481 Hlavní práce https://isis.vse.cz/zp/21481/posudek/vedouci Hodnocení vedoucího https://isis.vse.cz/zp/21481/posudek/oponent/23181 Oponentura http://isis.vse.cz/zp/98817/podrobnosti dc:identifier NEPOSILAT VSKP 98817 vse21481 120501