National Repository of Grey Literature 305 records found  1 - 10nextend  jump to record: Search took 0.01 seconds. 
Vplyv nekonvenčnej menovej politiky na devízové kurzy
Gáťová, Jana
Gáťová, J. The impact of unconventional monetary policy on exchange rate. Diplo-ma thesis. Brno: Mendel University, 2023 The diploma thesis deals with the impact of unconventional monetary policy on the exchange rate. The literary review deals with the instruments of unconven-tional monetary policy and their specific use by the central banks ECB and FED. The aim of the thesis was to identify the impact of unconventional monetary poli-cy, primarily quantitative easing, on the USD/EUR exchange rate. In the empirical part of the diploma thesis, an analysis was carried out that examined this relation-ship using graphs and a VAR model, from which Granger causality and Impulse-response analysis were subsequently derived. Based on the analysis, the relation-ship between the quantitative easing of the central banks of the ECB, the FED and the movement of the USD/EUR exchange rate was proven.
Komunikace jako nástroj monetární politiky ČNB
Avramov, Dominik
Avramov, D. Communication as a tool for monetary policy of ČNB. Bachelor thesis. Brno: Mendel University, 2023. Central bank communication is a hot topic because, in a world where in-formation travels at the speed of light, it is in the interest of central banks that their monetary policy is properly understood and does not spread uncertainty. The thesis will focus on the period 2016-2020, during which the Fed, BoE and ČNB changed their key rates in an attempt to tighten monetary policy. The text summarises the current understanding of central bank communication and then analyses three central banks to use the comparison to improve the ČNB's current communication strategy.
Bitcoin and the world-systems theory: the case of El Salvador
Černý, Ondřej ; Hornát, Jan (advisor) ; Fiřtová, Magdalena (referee)
This bachelor's thesis revolves around the acceptance of Bitcoin as legal tender in El Salvador and the subsequent reactions from the international community, particularly the United States and the International Monetary Fund. Using the case of El Salvador as a study, the thesis seeks to explore a broader phenomenon concerning Latin America and the potential for Bitcoin to be the key for positive socio-economic transformation in the region. The theoretical part of the thesis delves into the concepts of dollarization and the governance of Bitcoin, in addition to the world-systems theory proposed by Immanuel Wallerstein. Subsequently, the thesis applies these theories to concrete facts and conducts an analysis. The timeframe for this research spans from September 2021, when Bitcoin was officially adopted as legal tender in El Salvador, until the end of 2022.
Monetárna politika a finančná nestabilita
Bunta, Filip
The diploma thesis deals with the issue of the deflation at the current monetary conditions. The starting point for the identification and differentiation of the ob-served deflationary phenomena in the Japanese and Chinese economies is the comparison of the theoretical approaches of the mainstream and alternative eco-nomics. Using the example of the United States, economic cycle is analysed accord-ing to the concept of the theory of the Austrian business cycle, which is then used in analysing the economic situation of China and Japan in the observed period.
Forex interventions of CNB in front of the door to Eurozone
Kadlec, Tomáš
Kadlec, T. Forex interventions of CNF in front of the door to Eurozone. Di-ploma thesis. Brno: Mendel University, 2015. This thesis study the foreign exchange intervention of Czech National Bank, launched in November 2013. Under the circumstances have been chosen to use the Marshall-Lerner condition which finds the economy suitable for cur-rency devaluation or not. For reach this goal have been calculated regression analysis with two alternative results for calculating the condition. In the first alternative, full Marshall-Lerner equation, could not be satisfaction of condi-tion proven, but nor was dissatisfaction. In the second one, where was import of Czech Republic calculated with zero value according to regression analysis result, was the condition satisfied. Results have been compared with numbers from United Kingdom and found opposed. In comparison to Slovak Republic was found Czech development of macroeconomic indicators better.
Helicopter Money and the Propensity to Consume Transfers: The Case of Czech Republic
Doležal, Jakub ; Havránek, Tomáš (advisor) ; Hanzlík, Petr (referee)
Jakub Doležal1 1 ) Institute of Economic Studies, Faculty of Social Sciences, Charles University 50735965@fsv.cuni.cz The thesis discusses the topic of helicopter money - unconventional mon- etary policy aimed at increasing sub-target inflation and reviving GDP growth when the orthodox monetary policy is constrained by the zero lower bound (ZLB) on policy rates. From the perspective of the households, helicopter money transfer is a windfall gain. Part of the transfer - marginal propensity to con- sume (MPC) - is within weeks turned into consumption. MPC directly affects the outcomes of the policy, it is therefore advisable to predict it. The first part of the thesis describes unconventional monetary with special emphasis on helicopter money, quantitative easing and debt monetization. The second part is then devoted to identifying country-level drivers of MPC and subsequently predicting average MPC across Czech households using meta-analytic approach. While controlling for publication bias and performing variables selection through Least Absolute Shrinkage and Selection Operator (lasso) the model predicts av- erage marginal propensity to consume the transfer ranging from 0.46 to 0.51 during the years of sub-target inflation and under ZLB on policy rates within the Czech economy.
Central Bank Monitoring - September 2017
Česká národní banka
Most of the central banks under review, including the ECB, are keeping their interest rates at low levels and continuing their unconventional monetary policy programmes. The two exceptions which have already raised interest rates are to be found in North America. The first is the US Fed, which as expected raised its key rate for the second time this year and announced a more exact procedure for reducing its balance sheet. The second is the Bank of Canada, which has also increased its rates twice. With the exception of Switzerland, inflation is above 1% in all the monitored economies, but is still slightly below the inflation target in most cases. Spotlight focuses this time on the problems of the South African economy and the situation of its central bank. In our Selected speech, ECB Executive Board Member Yves Mersch analyses the challenges and opportunities to central banks arising from the current rapid technological development.
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Annual Report - Czech national bank 2021
Česká národní banka
The annual report summarizes the CNB's activities for the year 2021. It is focused on the activities of the CNB, the management and the organization of the CNB, and even on its relations with the public.
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Annual Report - Czech national bank 2020
Česká národní banka
The annual report summarizes the CNB's activities for the year 2020. It is focused on the activities of the CNB, the management and the organization of the CNB, and even on its relations with the public.
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Annual Report - Czech national bank 2019
Česká národní banka
The annual report summarizes the CNB's activities for the year 2019. It is focused on the activities of the CNB, the management and the organization of the CNB, and even on its relations with the public.
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