National Repository of Grey Literature 347 records found  beginprevious265 - 274nextend  jump to record: Search took 0.02 seconds. 
The time-varying policy neutral rate in real time: A predictor for future inflation?
Horváth, Roman
This paper examines the time-varying policy neutral interest rate in real time for the Czech Republic in 2001:1-2006:09, estimating various specifications of simple Taylor-type monetary policy rules.
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Foreign exchange interventions and interest rate policy in the Czech republic: Hand in glove?
Égert, Balázs ; Komárek, Luboš
This paper studies the impact of daily official foreign exchange interventions on the Czech koruna’s exchange rate vis-à-vis the euro (the German mark prior to 1999) from 1997 to 2002. Both the event study methodology, extended with official interest rate moves, and a variety of GARCH models reveal that central bank interventions, especially koruna purchases, seem to have been relatively ineffective from 1997 to mid-1998 compared to the size of the interventions.
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Credit risk, systemic uncertainties and economic capital requirements for an artificial bank loan portfolio
Derviz, Alexis ; Kadlčáková, Narcisa ; Kobzová, Lucie
This paper analyses the impact of different credit risk-based capital requirement implementations on banks’ need for capital. The capital requirements for an artificially constructed risky loan portfolio are calculated by applying the BIS approach, the two widespread commercial risk-measurement models, CreditMetrics and CreditRisk+, and, finally, an original synthetic model similar to KMV.
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Estimating market probabilities of future interest rate changes
Hlušek, Martin
The goal of this paper is to estimate the market consensus forecast of future monetary policy development and to quantify the priced-in probability of interest rate changes for different future time horizons. The proposed model uses the current spot money market yield curve and available money market derivative instruments (forward rate agreements, FRAs) and estimates the market probability of interest rate changes up to a 12-month horizon.
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Transparency and credibility of menetary policy in transition countries: the case of the Czech republic
Matoušek, Roman
This study is about what asset price can tell us about the evolving credibility of the monetary policy of the Czech National Bank (CNB). From the beginning of the 1990s, several market economies adopted direct inflation targeting. The focus of analysis is to examine the effect of changes in the two-week repo rate (the official interest rate) on short and long–maturity market interest rates.
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Microeconomic aspects of the transmission mechanism of monetary policy in the credit channel (empirical study)
Buchtíková, Alena
The objective of this study is to describe selected microeconomic aspects of monetary policy transmission mechanism, operating in the lending channel through bond loans in the economy on interest rates. It focuses only on the area of corporate lending. Are analyzed, in particular concerning the transmission mechanism, which can not be detected analyzing aggregated data.
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Analysis of delays in the econometric model
Arlt, Josef ; Radkovský, Štěpán
The study deals with the detection time delay chrakter econometric model captures the relationship between the time series. In three parts includes the mean delay, delay variance, transforming time series analysis of the relationship and the time delay between the time series of interest rates.
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Global Economic Outlook - August 2012
Babecká, Oxana ; Klíma, Milan ; Adam, Tomáš ; Hošek, Jan ; Žďárský, vladimír
Výhledy HDP, inflace, předstihových ukazatelů, úrokových sazeb, měnových kurzů a cen komodit. V rámci rubriky „Zaostřeno na…“ obsahuje zpráva text Změny v platební bilanci České republiky vyvolané světovou finanční krizí.
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Global Economic Outlook - July 2012
Babecká, Oxana ; Klíma, Milan ; Adam, Tomáš ; Hošek, Jan ; Komárek, Luboš ; Novotný, Filip
Výhledy HDP, inflace, předstihových ukazatelů, úrokových sazeb, měnových kurzů a cen komodit. V rámci rubriky „Zaostřeno na…“ obsahuje zpráva tradičně Roční vyhodnocení předpovědí obsažených v GEVu.
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Global Economic Outlook - June 2012
Babecká, Oxana ; Klíma, Milan ; Benecká, Soňa ; Hošek, Jan ; Komárek, Luboš ; Novotný, Filip
Výhledy HDP, inflace, předstihových ukazatelů, úrokových sazeb, měnových kurzů a cen komodit. V rámci rubriky „Zaostřeno na…“ obsahuje zpráva text Ohlédnutí za jarním zasedáním Institut u pro mezinárodní finance.
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