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The monetary policy of the European Central Bank
Šebestová, Kateřina ; Neumann, Pavel (advisor)
The objective of this thesis is to analyse and to evaluate the monetary policy of the European Central Bank (ECB) since the establishment of the European monetary union until the financial crisis in 2008. The thesis is divided into three parts. The first part introduces operating principles of monetary policy, which types of monetary policy exist and which instruments it uses. The second part deals with the process of its establishment and its formal requirements. In the third part, the analytical one, is presented the ECB's monetary policy implementation scheme and the single periods of reducing/raising of key ECB interest rates depending on economic and monetary developments in the euro area are analysed. By virtue of the analysis the ECB's monetary policy efficiency is being evaluated in author's view. The conclusion of this part contains changes in monetary policy instruments during the financial crisis.
Monetary policy in Eurozone
Brandlová, Šárka ; Antoš, Ondřej (advisor) ; Štěpánek, Pavel (referee)
The main subject of bachelor essay is monetary policy in Eurozone. First part is dealing with explanation of terms related to Eurozone and European Central Bank (ECB), it is also about their development and history. The second part is a length description of instruments of monetary policy of ECB and characterization of their main targets. Next part analyses influence of instruments used by ECB during particular years in Eurozone countries and related advancement in ECB's decision making. The end of chapter is dealing with development of indebtedness of countries, which are situated in Eurozone. Ending of essay is devoted to solutions to Czech republic's Euro currency adoption questions, this part contains description of important macroeconomic indicators, showing image of actual position of Czech republic's economy. Situation in Czech Republic is compared to other member states, which are situated outside the Eurozone.

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