Original title: Měnová politika USA a tvorba bankovní likvidity: VAR evidence
Translated title: U.S. Monetary Policy and Bank Liquidity Creation: VAR Evidence
Authors: Lacko, Branislav ; Horváth, Roman (advisor) ; Žigraiová, Diana (referee)
Document type: Master’s theses
Year: 2014
Language: eng
Abstract: [eng] [cze]
With recent financial crisis the importance of liquidity not only as indicator of financial health of banks heightened. Thus this thesis aims the focus to relationship between real economy and bank liquidity creation, and provides empirical evidence of significant relationship between bank liquidity creation and GDP or inflation. Moreover, it shows that implementation of bank liquidity creation indicator into Taylor rule, in order to address for financial stability and health, is suitable alternative for financial stress index. Důležitost likvidity, nejenom jako ukazatele finančního zdraví bank, vzrostla kvůli nedávné globální finanční krizi. Z toho důvodu se tahle diplomová práce zaměřuje na vztah mezi reálnou ekonomikou a tvorbou bankovní likvidity a poskytuje empirický důkaz vztahu tvorby bankovní likvidity k HDP či inflaci. Navíc ukazuje, že implementací ukazatele tvorby bankovní likvidity do Taylorova pravidla, z důvodu zahrnutí finanční stability a zdraví, je vhodnou alternativou k indexu finančního stresu.
Keywords: Bank Liquidity Creation; Monetary Policy; Vector Autoregressions; měnová politika; tvorba bankovní likvidity; vektorová autoregrese

Institution: Charles University Faculties (theses) (web)
Document availability information: Available in the Charles University Digital Repository.
Original record: http://hdl.handle.net/20.500.11956/68184

Permalink: http://www.nusl.cz/ntk/nusl-337320


The record appears in these collections:
Universities and colleges > Public universities > Charles University > Charles University Faculties (theses)
Academic theses (ETDs) > Master’s theses