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The central bank, its scope of activities and legal status
Volfová, Klára ; Kotáb, Petr (advisor) ; Dřevínek, Karel (referee)
The central bank, its activities and position Abstract Central banks are in today's global banking system an indispensable part of a stable functioning market economies. I was always interested in these issues. I studied these issues in another master's degree course. The subject of this thesis is the central banking system in the Czech Republic and in the European Union. In the first chapter I focus on definition of banking and on the characteristics of three models of the banking system (single-stage, two-and three-stage banking system). The second chapter is the largest of all chapters. In this chapter I deal with the formation of Monetary Union, the creation of the European central banking system and the foundation of the European Central Bank. I analyze the legal base of European Central Bank, its organizational structure, issuing of legal acts, the capital. I deal with the introduction of the euro in member and non-member countries too. Special attention is paid the independence of the European Central Bank. I analyze its institutional, personal, financial, material and budgetary independence. The conclusion of this chapter deals with the preparations for the introduction of the euro in the Czech Republic. In the third chapter I describe the historical development of European central banking and the...
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The status and the role of central banks in the EU
Malíčková, Jana ; Bažantová, Ilona (advisor) ; Borkovec, Aleš (referee)
RESUMÉ - THE STATUS AND THE ROLE OF CENTRAL BANKS IN THE EU This diploma thesis compares the Czech National Bank, the Slovak National Bank, the Bundesbank and the European Central bank. Central banks play a significant role in every state and they have big influence on economy of each state. Therefore, their legal regulation as well as precise definition of their competencies are essential. The thesis focuses on their establishment, legal base and legal form, organisation and independence (institutional, financial, personal and functional). Its aim is also to compare tasks, monetary policy, issuance of banknotes and coins, banking and financial regulation and supervision. Establishment of a central bank depends significantly on the historical background of the given state (or union). All of the described banks are settled in regulations of the highest legal importance on the particular state (or union), which is not usual, and also in many other legal acts. Members of the highest body are selected after the agreement of the legislative and executive powers. The Czech National Bank is an exception, since the members of its Bank Board are appointed by the president without a counter signature. The budgets of the central banks are separated from the states' budgets and they are approved by the central banks....
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Comparative analysis of the Central bank of the Russian Federation and the European Central bank
Fomina, Ksenia ; Mandel, Martin (advisor) ; Metrah, Samy (referee)
The Bachelor thesis is focused on the comparative analysis of two central banks, the Central bank of the Russian Federation and the European Central bank. The first and the second chapters are dedicated to the institutional analysis that gives a brief overview of the legislative definition, organizational structure, objectives and instruments of the monetary policy of the Central bank of the Russian Federation and the European Central bank. In conclusion, there is a comparison of the individual systematic characteristics of the monitored central banks. The last chapter represents the practical part of this thesis, which compares activities of the Central bank of the Russian Federation and the European Central bank with the analysis of assets and liabilities before the financial crisis in 2007 and in the last statistically accessible year 2016.
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The status and the role of central banks in the EU
Malíčková, Jana ; Bažantová, Ilona (advisor) ; Borkovec, Aleš (referee)
RESUMÉ - THE STATUS AND THE ROLE OF CENTRAL BANKS IN THE EU This diploma thesis compares the Czech National Bank, the Slovak National Bank, the Bundesbank and the European Central bank. Central banks play a significant role in every state and they have big influence on economy of each state. Therefore, their legal regulation as well as precise definition of their competencies are essential. The thesis focuses on their establishment, legal base and legal form, organisation and independence (institutional, financial, personal and functional). Its aim is also to compare tasks, monetary policy, issuance of banknotes and coins, banking and financial regulation and supervision. Establishment of a central bank depends significantly on the historical background of the given state (or union). All of the described banks are settled in regulations of the highest legal importance on the particular state (or union), which is not usual, and also in many other legal acts. Members of the highest body are selected after the agreement of the legislative and executive powers. The Czech National Bank is an exception, since the members of its Bank Board are appointed by the president without a counter signature. The budgets of the central banks are separated from the states' budgets and they are approved by the central banks....
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The central bank, its scope of activities and legal status
Volfová, Klára ; Kotáb, Petr (advisor) ; Dřevínek, Karel (referee)
The central bank, its activities and position Abstract Central banks are in today's global banking system an indispensable part of a stable functioning market economies. I was always interested in these issues. I studied these issues in another master's degree course. The subject of this thesis is the central banking system in the Czech Republic and in the European Union. In the first chapter I focus on definition of banking and on the characteristics of three models of the banking system (single-stage, two-and three-stage banking system). The second chapter is the largest of all chapters. In this chapter I deal with the formation of Monetary Union, the creation of the European central banking system and the foundation of the European Central Bank. I analyze the legal base of European Central Bank, its organizational structure, issuing of legal acts, the capital. I deal with the introduction of the euro in member and non-member countries too. Special attention is paid the independence of the European Central Bank. I analyze its institutional, personal, financial, material and budgetary independence. The conclusion of this chapter deals with the preparations for the introduction of the euro in the Czech Republic. In the third chapter I describe the historical development of European central banking and the...
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The comparison of the constitutional conceptions of selected central banks of the world from perspectives of the CNB
Pospíšilová, Kateřina ; Kuba, Jaroslav (advisor) ; Matula, Miloš (referee)
The master´s thesis is about the conceptions of the Czech National Bank, the Federal Reserve System, the European Central Bank and People's Bank of China. It focuses on the comparison of these conceptions with the created universal model of the central bank and its parameters, and finds out that the selected central banks are lot away from this model. Important is also a perspective of the Czech National Bank after joining the euro area and the fact that at this moment her role will be replaced by the European Central Bank. The European Central Bank, compared with the Federal Reserve and the People's Bank deviates the least from its inflation target and therefore is pretty close to reach a price stability. However, ECB clearly financed some government debts, and that is inconsistent with the law. In conclusion can be noted that the central banks of the Czech Republic, the United States and the euro area reach the high level of freedom and are independent of the other components of state power and vice versa People's Bank of China remains strongly dependent on the executive power.
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The monetary policy of the European Central Bank
Ježková, Tereza ; Koderová, Jitka (advisor) ; Vránková, Martina (referee)
This thesis deals with the monetary policy of the European Central Bank. At the beginning of the work is described historical development. The next section focuses on the implementation of monetary policy, including the performance goals in the first twelve years of operation, with emphasis on the consequences of the global financial crisis. The last section summarizes the problems of the euro area financial and economic crisis of the years 2007/2008. In addition to the ECB's response to the crisis in the form of non-standard measures is decommissioned range of issues relating to fiscal policy and debt crisis euro area.
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The theory of optimum currency area with application to the EU
Janíček, Jan ; Dočkal, Dalibor (advisor) ; Urban, Luděk (referee)
The goal of this work is to apply the theory of optimum currency areas in the euro area, and outline the positive and negative effects of monetary policy of the European Central Bank (ECB). Furthermore, it should highlight the benefits and risks arising from the entry of the Member States of the European Monetary Union (EMU) and the related macroeconomic implications. Start of work will be aimed at the theory of optimum currency area, which will be developed this issue from different angles, which is essential for the understanding of other contexts. Subsequently, work will be devoted to the European Union in terms of creation and development of the European Monetary Union and the ruling of the European Central Bank. The next section will explore the benefits and risks of the monetary union. In this context, the important concepts of transaction processing costs, exchange rates and costs of monetary union, but also increase inequality between richer and poorer regions, and others. In the final part of the work will focus on the macroeconomics effects of European monetary union, such as economic growth, inflation and unemployment.
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The management of banking system liquidity during financial crisis
Turjaková, Anna ; Brůna, Karel (advisor) ; Plíva, Rostislav (referee)
The goal of this bachelor thesis is the analysis of the liquidity management of banking system by central banks with emphasis on the Federal Reserve System (Fed) and the European Central Bank (ECB). The first chapter deals with standard approach to the management of liquidity in the pre-crisis period. Two next chapters focuse on unconventional measures introduced by Fed and ECB in connection with the financial turmoil from 2007 to 2009, including causes that led to these measures. The conclusion is devoted to the comparison and the evaluation of the steps taken.
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