National Repository of Grey Literature 2 records found  Search took 0.01 seconds. 
Comparison of the Independence of Central Banks in Countries of Visegrad Group
Kubinčiaková, Petra ; Pekárek, Štěpán (advisor) ; Štěpánek, Pavel (referee)
The aim of the Bachelor thesis is to determine the independence of central banks of Visagrad Group by the analysis of major economic and political factors and based on the results to compare the degree of independence of central banks with emphasis on the development from the transformation. The work includes analysis of the certain central banks and their historical and political development with the emphasis on the change in the level of independence in the context of legislative changes and their level of independence compared using Bade Parkin Index, Grilli Masciandaro Tabellini index, Cukierman Index and Loungani Sheets Index.
Central bank - advantages and risks of its independence
Čech, David ; Janáček, Kamil (advisor) ; Potužák, Pavel (referee)
This work is about central bank independence and about advantages and risks resulted from this position. The beginnig of the work is about history of central banking in the world and in our republic. The next capture is dedicated to the question of necessity of central banks and it uses especially the work of F.A.Hayek. It also describes his suggestion to implement the competition between private issuers of money. The last and the largest chapter is about central bank independence. After the definition of independence, there is a part concerned types of independence, mainly the legal and the actual one. The level of independence can be usually measured by few indexes. The way how to calculate them is also in the text of this work. Final part of the work is aimed on advantages and risks resulting from the independent status of central bank. The main advantage is represented by elimination of time inconsistency problem, on the other hand the main risk is the absence of responsibility of central bank for her policy.

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