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Consequences application uniform policy of ECB on euro area countries
Skrbek, Ondřej ; Babin, Jan (advisor) ; Mirvald, Michal (referee)
The main goal of the bachelory thesis is to verify impact of common monetary policy of European central bank with motto "one size fits all" on the credit growth in the Euro area. It means uniform settings of interest rate EONIA, which values I compare with country-specific policy rate based on Taylor rule. Panel data are included in the range of 2005-2011 for 4 countries with different economic maturity: France, Germany, Ireland and Spain. Using the OLS estimation I can confirm negative effect. It means, that lower interest rate, then the country-specific one, is pressing on the credit growth of countries in euro area and thereby negatively affects the economy of the state.

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