Original title: Economic research bulletin (2011, No.2)
Name of part: Macro-financial linkages: theory and applications
Authors: Česká národní banka
Document type: Trade print
ISSN: 1803-7089
Year: 2011
Language: eng
Abstract: The first article presents a model that incorporates credit frictions and serves to describe the dynamics of credit spreads in moderate as well as crisis times. The model is then used to evaluate the effects of quantitative easing and credit easing. The second article proposes a model that shows how the conditions of a parent bank might affect the interest rate setting of its subsidiary or branch in a foreign country, and is followed by an empirical assessment of the ten largest banks in the Czech Republic under foreign control. The remaining papers are of an empirical nature. The third article investigates the household credit market in the Czech Republic, proposing a new indicator of default risk and examining its determinants. The fourth article evaluates the extent to which financial variables help predict key Czech macroeconomic indicators. The last article presents evidence on the degree and evolution of financial integration of the Czech Republic and four other EU countries outside the euro area.
Keywords: Czech national bank; economic research; European union; financial markets; international company; macroeconomics; macroeconomy; multinational banks; ekonomický výzkum; Evropská unie; makroekonomie; mezinárodní podnik
Rights: This work is protected under the Copyright Act No. 121/2000 Coll.

Institution: The Czech National Bank (web)
External URL: http://www.cnb.cz/en/research/research_publications/erb/index.html

Permalink: http://www.nusl.cz/ntk/nusl-124091


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