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Transmission of Linear Pneumatic Cylinder
Bedeč, Csaba ; Mazal, Pavel (referee) ; Nevrlý, Josef (advisor)
The main subject of this bachelor's thesis is analysis and design of a mechanism for converting linear motion to rotary swinging motion used as door drive in the buses. The first part contains analysis and application of the applicable types of mechanisms. The work contains analysis and design of a cam-type mechanism in the second part. The analysis of the designed variants and selection of optimal parameters of the proposed mechanism is the last part.
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Importance of reference interest rates and LIBOR manipulation
Kolář, Petr ; Vejmělek, Jan (advisor) ; Šíma, Ondřej (referee)
This diploma thesis is focused on a role of reference interest rates in developed market economies. There are described interest rate transmission mechanism and discussed factors, which led to manipulation of the LIBOR. How the manipulation was done and what reactions of supervisory authorities it induced. There are also listed proposed recommendations to ensure transparent reference indicators. This work also includes analysis of reference interest rates used in the Czech Republic. At the end of the thesis can be found application of a reference rate fixing process in a game theory model as well as application of Benford´s law as an indicator of the manipulation.
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Analýza transmisního mechanismu monetární politiky u nestandardních nástrojů v USA od roku 2008 po současnost
Řezníček, Lukáš ; Šimíček, Petr (advisor) ; Štekláč, Jiří (referee)
This bachelor thesis deals with the issue of transmission mechanism in the condition of a financial crisis and primarily focuses on partial analyses of using unconventional tools and their impacts. I have used analysis, comparison a correlation as methodological foundation. On the basis of performed analyses, I have concluded that the laid-out thesis: meeting the objects of a central bank via unconventional policy was verified. The benefit of my work is an overall view on US economy since 2008 to present and a description of its development, including alternative methods of and perspectives.
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Monetary policy in Russian Federation
Bryntsev, Maksim ; Soukup, Jindřich (advisor) ; Krameš, Jaroslav (referee)
The aim of the thesis is to analyze and to explain monetary policy of Russian central bank and to determine its specific characteristics during 2010 -- 2014 as well as to describe its main instruments, goals, models and methods of regulation. First of all, the author will introduce common problems of monetary policy and there will be described general theoretical aspects of monetary policy functioning as well as impacts of monetary measures in open economy with different regimes of exchange policy and capital mobility. Further, there will be described instruments and transmission mechanism of monetary policy. The author will try to describe conditions of monetary policy realization, which have an impact on the direction of Bank of Russia measures, within the analytical part. The author will describe instruments that are characteristic for Russian central bank and foreign exchange policy, which are important for prediction of impact from monetary actions. At the end of the thesis the author will try to estimate an efficiency of monetary policy with the comparison of reality and the prognoses of Bank of Russia.
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Econometric analysis of transmission mechanism in CZ
Plechatá, Zuzana ; Hušek, Roman (advisor) ; Formánek, Tomáš (referee)
This diploma thesis presents results of analysis of monetary policy transmission mechanism in the Czech Republic employing the vector autoregressive (VAR) models. The responsible authority for monetary policy is Czech National Bank that has been using the inflation targeting regime to conduct its monetary policy since 1998. The inflation rate changes, i.e. the changes in repo rate represent a monetary tool for steering actual inflation rate towards the projected or "target" inflation rate. The linear correlation between 2 weeks repo rate and 1 month PRIBOR rate is confirmed. The transmission mechanism is examined within the VAR framework and the relationships between the 1 month PRIBOR rate, gross domestic product and inflation rate are studied. The VAR model including 1 lag is considered as the best performing model. The relationships among variables are analysed by related approaches -- Granger causality, impulse response functions and cointegration. The ability of model to create forecasts is assessed and the ex ante forecasts are produced for one-year horizon. The effects of alternative monetary policies are the subject of scenario analysis.
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Current problems of the monetary policy in the world
Houštecký, Martin ; Plchová, Božena (advisor) ; Čajka, Radek (referee)
This master thesis deals with current monetary policy in the world. The monetary policy belongs to the basic components of the economy and the economic policy. In today`s world economy, still recovering from the recent financial and economic crisis, many people look up to the monetary policy as a possible remedy for standstill economy. At first, this thesis presents standard monetary policy. Then, the analysis of the current monetary policy in the centres of the world economy, which means the USA, Europe and Japan, is carried out. From the analysis the main problems of current monetary policy emerge and then new tools and solutions implemented by various central banks for the purpose of solving these problems are analysed. At the end other possibilities of the monetary policy are presented in theory.
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Monetary policy of ČNB and prospects of euro adoption
Hojková, Tereza ; Koderová, Jitka (advisor) ; Petrušová, Martina (referee)
The thesis "Monetary policy of ČNB and prospects of euro adoption" focuses on assessment of current monetary policy of the Czech National Bank its role in the process of preparation for the adoption of the single European currency and the Czech Republic's preparations for joining the European Monetary Union. The second part deals with the monetary policy of the Czech National Bank in connection with the entry into the European Monetary Union and its alignment with the monetary policy of the European Central Bank. The third section examines the impact of financial crisis on the monetary policy of the Czech National Bank, and development of economy of the Czech Republic in comparison with the European Monetary Union.
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Current Progress of the Monetary Policy in the Slovak Republic
Mazur, Lukáš ; Dočkal, Dalibor (advisor) ; Ježek, Tomáš (referee)
This thesis examines the monetary policy of the Slovak republic between the years 2000 and 2010. At first there are described transmission mechanisms, then continues by monetary policy tools in the Slovak republic and monetary policy tools that are used by European central bank. This is followed by the description of the proccess of adopting the Euro and the optimum currency areas theory. In the second part is performed an analysis of Slovak's monetary policy including changes in institutional framework especially those changes which are connected with the Euro adoption. The thesis answers question whether Slovak's monetary policy has changed due to Euro adoption.
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