Original title: Monetary Transmission and Asset - Liability management by financial institutions in transitional economies - implications for czech monetary policy
Authors: Derviz, Alexis
Document type: Research reports
Year: 2000
Language: eng
Publisher: Česká národní banka
Series: Working paper series, volume: 22/2000
Abstract: The paper deals with the transmission of monetary policy within the financial sector. The objective is to link an optimizing stochastic model of portfolio decisions by a representative financial institution with a number of features that this optimizing behavior implies for monetary transmission and credit conditions in a transitional economy. The main example is the intermediation performance of Czech financial sector in the years 1993 to 1999.
Keywords: assets; Czech national bank; financial institutions; macroeconomics; monetary policy; aktiva; finanční instituce; makroekonomie; monetární politika
Rights: This work is protected under the Copyright Act No. 121/2000 Coll.

Institution: The Czech National Bank (web)

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