National Repository of Grey Literature 2 records found  Search took 0.01 seconds. 
The Options of Use Monetary Policy in Terms of Small Open Economy and zero lower bound (CNB and SNB example)
Suchánek, Marek ; Vejmělek, Jan (advisor) ; Šíma, Ondřej (referee)
The main purpose of this thesis is to analyse the impacts of unconventional monetary policy instruments on small open economies in zero lower-bound situations. Although all unconventional instruments are discussed, an emphasis is placed on currency intervention. Impacts of the various instruments are demonstrated using the economies of Czech Republic and Switzerland as case studies. The thesis will conclude with a comparison of the case studies.
The current decision-making process of SNB as a possible way for CNB
Hořáková, Gabriela ; Vostrovská, Zdenka (advisor) ; Pavelek, Petr (referee)
The aim of this bachelor thesis is to compare the reasons that encouraged SNB to abandon its peg against the euro in January 2015 with potential decision-making process of ČNB in conjunction with the current situation of currency interventions in the Czech Republic. The subject is chosen considering its high topicality and macroeconomic importance. The basis of the empirical research is the theoretical grounding of central banking and the issue of price level changes with focus on monetary policy and deflation. Based on the observed macroeconomic indicators, the text continues by the analysis of the Czech economy 1,5 years after currency interventions and the Swiss currency interventions since 2009. With reference to the reasons of their abandonment by SNB the thesis is completed with the application on the current situation in the Czech Republic. According to the paper's findings, it was concluded that the situation in the Czech Republic does not indicate similar decision-making process of ČNB.

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