National Repository of Grey Literature 2 records found  Search took 0.01 seconds. 
Řízení devizové expozice a rizika podniku v souvislosti s ukončením devizových intervencí ČNB
Chlíbek, Adam
This bachelor thesis deals with problematics of managing foreign exchange risk during the period of the CNB's exchange rate commitment. The thesis includes recommendations and suggestions of solution for export enterprises. Specifically, the thesis recommends method of alternative scenarios for quantifying foreign exchange risk during the period of foreign exchange intervention of the CNB. The elimination of transaction exposure is recommended by hedging via short-term forward contracts, i.e. one months, two months, three months forward. The elimi-nation of pre-transaction exposure is advised by hedging with options contracts.
Dopady devizových intervencí ČNB na českou ekonomiku
Chlíbek, Adam
This diploma thesis deals with the CNB’s foreign exchange interventions that took place in 2013-2017. The thesis presents concrete recommendations for economic policy maker who consider using foreign exchange intervention as an unconventional monetary policy tool in the situation of ZLB. The recommendations are based on the assessment of the effects of foreign exchange intervention on the Czech economy. Specifically, the thesis verifies whether foreign exchange interventions really stimulated consumer price inflation in the Czech Republic. Moreover, the thesis verifies whether there was a change in the growth of labour productivity at major domestic exporters at the time of foreign exchange interventions. Last but not least, the thesis examines the impact of foreign exchange interventions on the CNB’s bottom lines in 2013-2018.

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