National Repository of Grey Literature 2 records found  Search took 0.00 seconds. 
The stability of long-term demand for broadly defined money in an open economy: case of the Czech republic 1994-2000
Melecký, Martin
This paper strives to enlarge the traditional form of money demand for closed economy with some additional foreign or international determinants. These are, according to presented theory of currency substitution, nominal exchange rate CZK/DEM (or CZK/USD) and yield of foreign assets (3M LIBOR on DEM-assets and Treasury Bill yield) expressed in Czech Crowns. Such specified money demand was estimated using three cointegration methods namely JOH(1), JOH(2) and DOLS to attain sufficient robustness of estimated money demand function.
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Selected questions of monetary policy in the Czech Republic
Jonáš, Jiří
This study deals with some issues of monetary policy in the period before the monetary shock after shock in connection with the entry into the European Monetary Union. There are discussed the causes of external imbalances, problems related to the election of a new monetary policy framework after leaving the fixed exchange rate, with the entry into the European Union.
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