National Repository of Grey Literature 2 records found  Search took 0.00 seconds. 
Impact of Czech National Bank´s foreign exchange intervention on the trade balance of the Czech Republic
Blumtritt, Jakub ; Žamberský, Pavel (advisor) ; Jiránková, Martina (referee)
The main objective of this thesis is to analyze and evaluate the effect of the Czech National Bank´s foreign exchange intervention on the trade balance of the Czech Republic. For this purpose a hypothesis was set, that in the short-term the devaluation of the Czech currency causes deterioration of the trade balance and only after some time has passed the trade balance starts to grow. In theory this effect is known as the J-curve hypothesis. The first chapter summarizes theoretical knowledge about monetary policy and exchange rate theory. The second chapter analyzes the development of commodity and territorial structure of the Czech trade balance from 2000 to 2013. The third chapter focuses on the foreign exchange intervention itself and provides arguments for and against this measure taken by the Czech National Bank. The fourth chapter is the most important one for acceptance or rejection of the hypothesis set. It uses the Vector Error Correction Model to estimate the impact of devaluation on the trade balance of Czech Republic with Germany. Subsequently outcomes of this model are compared to the real statistical data of Czech trade.
Development of the economy of Norway during economic recession between 2007 and 2012
Blumtritt, Jakub ; Karpová, Eva (advisor) ; Řehořová, Veronika (referee)
The main purpose of this bachelor thesis is to analyse the development of the economy of Norway during the economic recession after 2008 and evaluate its impact on the Norwegian economy. The first chapter deals with basic geographical and political characteristics of Norway, its history after 1945 and economic development during the period 1945-2007. The second chapter focuses on the analysis of basic macroeconomic indicators (GDP, unemployment, inflation, public debt) between 2007 and 2012. The last chapter includes a summary of the main impacts of the economic recession on the economy of Norway, outlook on the future of the Norwegian economy and a description of the relationship between Norway and EU.

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