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Vliv konkurence v českém bankovním sektoru na výši RPSN bankovních úvěrů
Šikulová, Andrea
The main aim of this thesis is to evaluate the influence of the competition conditions in the bank sector especially its height of RPSN in loans. There is analysis of the competition in the czech bank sector and the RPSN index in the practical part. There is also another analysis of the variability of the height of RPSN considering several banks. Conclusion contains the evaluation of the influence of the competition and the activity of the central bank focused on the height of the RPSN, whereas there are mentioned even the possible visions for future.
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Zlato – devizová rezerva v časoch neistoty
Černáček, Kristián
Bachelor thesis is focused on the management of gold in the USA, Canada, Germany, France, Belarus, Russia, China and the United Arab Emirates. The author examines the monitored countries in three periods after three years and finds out whether there have been changes in the volume of gold reserves and explains these changes. The main goal of this thesis is to determine whether the political system has an impact on states gold management. The secondary objective is to determine whether there are differences in trade between political systems and to compare the development of the price of gold with interest rate and inflation in individual countries.
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Nezávislost centrálních bank zemí Visegrádské čtyřky
Vrobelová, Šárka
This bachelor thesis focuses on central bank independence and its measuring. The goal of the thesis is evaluating the state of independence of the central banks of the Visegrad Group countries. The theoretical part of the thesis defines the basic concepts related to central banking and the independence of central banks. Furthermore, three possible methods of calculating the independence of central banks are presented, namely the GMT index method, the Cukierman index method and the Loungani-Sheets index method. In the empirical part, the individual central banks of the Visegrad Group countries are described using the description method. Next individual central banks are compared according to the selected criteria in the next step using the comparison method. Furthermore, the independence rates of the individual central banks of the Visegrad Group countries are calculated according to the GMT index and the Loungani-Sheets index. This is followed by a focus on the development of independence over time, namely the degree of independence at the beginning of the transformation and at present, as of 15 April 2022. The most independent central bank, according to the GMT index, is currently the National Bank of Poland, followed jointly by the Czech National Bank and National Bank of Hungary and finally National Bank of Slovakia. Within the Loungani-Sheets index, National Bank of Poland currently finished the best, followed by the National Bank of Hungary, the Czech National bank in third place and the National Bank of Slovakia in last place.
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Devizové intervence České národní banky a jejich vliv na českou ekonomiku
Schořová, Simona
The aim of the bachelor thesis is to evaluate influence of foreign exchange intervention of Czech National Bank on Czech economy. Thesis analyzes developing of chosen macroeconomic indexes in context of monetary intervention. There is also a part in thesis that contains outlines of studie that deal with foreign exchange intervention in other countries.
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Kvalita inflačných prognóz vybraných centrálnych bánk EÚ
Frantová, Martina
The diploma thesis analyzes the quality of inflation forecasts of central banks of Czech Republic, Slovak Republic, Hungary, Germany and Poland, aiming to iden-tify differences in the quality of forecasting models using Ordinary Least Squares and quality criteria, namely mean error, mean squared error and Theil index. The first part deals with the construction of price indexes, description of basis of infla-tion dynamics, together with approaches to monetary policy, emphasizing the im-portance of inflation targeting and the process of constructing forecast using forecasting models, the presentation of which is also part of the thesis. The analysis confirmed the assumption that the quality of forecasts is deteriorating with increasing horizon, while the forecast can be considered as informative only one year, or maximum five quarters in advance. In the long term, the quality of forecasts is very low and economic operators should not rely on them. The results show that extensive model of Nation bank of Germany, MEMMOD, achieves the most reliable results, and on the other hand the lowest reliability is shown by the Hungarian NEM.
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Autonómia centrálnych bánk v malých otvorených ekonomikách
Tomášik, Andrej
TOMÁŠIK, A. Autonomy of central banks in small open economies. Bachelor thesis. Brno: Mendel university in Brno, 2021. The bachelor thesis deals with measuring and comparing the independence of central banks in Europe. The main purpose of this thesis is to quantify the independence of selected central banks from the European Central Bank using the monetary independence index in the time period of 2007-2019. The results are then compared in the context of economic and political events and various phenomena and regularities are derived. The thesis also compiles a de jure and de facto independence analysis using GMT and GTR indices. The theoretical part of the thesis deals with the transmission mechanisms, the functioning of the interest rate channel in actual European practice, the advantages and disadvantages of high independence and finally evaluates the current legislative situation of central banks in the national economic structure.
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Vplyv menovej politiky na úverovú aktivitu v obdobiach výskytu pasti likvidity
Petko, Marko
This bachelor thesis focuses on the effectiveness of monetary policy and its instruments during the liquidity trap and also on the impact on the lending activity. The theoretical part describes channels of monetary policy transmission mechanism and liquidity trap. The theoretical part also describes world economy development and monetary policy in the Eurozone, Japan and United States. Empirical part identifies an impact of monetary policy on lending activity by the correlation coefficient. Finally, the results of the empirical part are compared with results of other authors with relative topics.
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Nezávislost a monetární politika centrálních bank zemí V4: vývoj vztahu mezi mírou inflace a nezaměstnanosti
Hykš, Dominik
The central bank's independence from the government and politicians is one of the key aspects of the proper functioning of monetary policy. With monetary policy, the central bank seeks to achieve its goals. The main goal of most central banks is to maintain price stability, and if this does not jeopardize the main goal, the central bank can also help other economic goals, including reducing unemployment. The dynamics of the price level is expressed in the inflation rate, and the relationship between inflation and unemployment is called the Phillips curve. In my bachelor thesis I dealt with the development of inflation, unemployment, monetary policy and independence of central banks in the V4 countries in the years 1993-2020. Based on a search of the literature, I presented methods examining the independence of central banks and the relationship between inflation and unemployment. Then I analyzed the development of annual inflation rates and monetary policy in individual countries. Subsequently, I used regression analysis to apply the traditional Phillips curve in each country and put the results into a scatter graph. I summarized the results and at the end of the thesis I attached tables with data, a list of graphs and the used literature.
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Vliv negativních úrokových sazeb na ekonomickou aktivitu ve vybraných zemích
Bažík, Martin
The theme of this thesis is to valorise an influence of negative interest rates on economic activity of the business sector in the states, in which has been this instrument already introduced - Denmark, Sweden and Switzerland. Afterwards, the effect on the inflation rate, GDP and unemployment is examined in relation with the change in company investments. The first part focuses on the study of the context and problems while implementing negative interest rates. The second part consists of an analysis of the effects of the negative interest rates on economy and economic activity of business sector in chosen countries. In the last part the influence of the negative interest rates on the economic activity of the business sector is quantified using a regression analysis. On the basis of the results from all analyzes the monetary politics using negative interest rates were found inefficient due to the wrong functioning of the transmission mechanism and to the high dependence on economic development in foreign countries.
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