Original title: Transparency and credibility of menetary policy in transition countries: the case of the Czech republic
Authors: Matoušek, Roman
Document type: Research reports
Year: 2001
Language: eng
Publisher: Česká národní banka
Series: Working paper series, volume: 37/2001
Abstract: 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.
Keywords: central bank of issue; Czech national bank; economy; interest rate; monetary policy; centrální banka cedulová; monetární politika; úroková míra
Rights: This work is protected under the Copyright Act No. 121/2000 Coll.

Institution: The Czech National Bank (web)

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