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The Comparison of the European Central Bank and the Czech National Bank
Hemerová, Anna ; Svoboda, Roman (advisor) ; Soukup, Alexandr (referee)
In keeping with the theme and typing my thesis on 'The Comparison of the European Central Bank and the Czech National Bank' on the one hand you want to know the status and importance of this international financial institution in the Community, its main tasks in the management of EU policy and not least with the its organizational structure.
At the same time his work also mention the European System of Central Banks and the Eurosystem, as an integral part of the management issues and implementing the policy of the European Union.
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TARGET 2 a krize platební bilance v Eurozóně
Vilímovský, Petr ; Brůna, Karel (advisor) ; Jakl, Jakub (referee)
This thesis aims to analyse the connection between the Eurozone's balance of payments crisis and the TARGET 2 balances. These balances represent mutual clearing relationship of the individual euro area member states to the European Central Bank inside the TARGET 2 system, which serves as a heart of the Eurozone's payment settlements. In fact, the central banks of the core countries hold significant positive balances while the peripheral central banks accumulated substantial negative positions. The TARGET 2 balances appeared mainly as a consequence of the liquidity outflow from the peripheral countries to the core due to the large imbalances in fundamental factors such as the NCA deficits, net foreign debt, public and private debt or competitiveness. The development of the balances was further facilitated via uneven liquidity provisions from the Eurosystem, as the peripheral countries effectively financed their balance of payments disequilibrium by issuing new liquidity that almost immediately moved to the core. The banking systems of the core started to operate in the liquidity excess status as the monetary base increased in 2011 and 2012. Assets with questionable quality collateralized the increasing refinancing operations in the periphery as the collateral requirements were repeatedly lowered. It resulted in an increase in the credit risk of these operations primarily in the periphery countries. This situation, among many others presented in this thesis, raises further questions about the parameters of the future single monetary policy as well as the continuance of the European monetary union.
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Monetary policies in the US and the eurozone
Holásek, Dominik
Bachelor thesis engages in the differences of the monetary policy's performance in the Eurozone and the United States of America. These policies, which are conducted by the monetary authorities in the Eurozone and the U.S., are described by the bachelor thesis in both theoretical and practical ways. Special attention is paid to the description of both monetary policies and analysis of the measures conducted by the monetary authorities of the Eurozone and the United States during the global economic crisis, which started in 2007-8.
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Logistics management of money circulation
MAŠKOVÁ, Kateřina
The main objective of this thesis was to map the logistics system coins and notes circulations in the Czech Republic and design a system of logistics activities in the exchange of cash money, when Czech Republic adopts the single European currency. The secondary aim was to describe the current currency exchange preparation and propose an optimization based on currency conversions in the past and in other states. The important was to get the information by structured interviews with technical staff Czech National Bank in Prague and with former director of the Czech National Bank in the Czech Budejovice. Based on the information was described distribution chain of cash money. Part of this thesis is devoted to the current issue of the introduction of the euro in the Czech Republic. The exchange of cash money is the most visible element of currency change. Also puts the greatest demands on the logistics management. Based on the information about the euro changeover in other states have been proposed recommendations for the Czech Republic.
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Comparison of the activities of the Fed and the ECB
Khakimova, Nurgul ; Blahová, Naděžda (advisor) ; Marková, Jana (referee)
This bachelor thesis is devoted to the activities of the Federal Reserve System and European Central Bank. It is consistent with the historical development since the FED and ECB came into existence. The aim of the thesis is to compare these two central banks. The first chapter describes the history of the FED, its' organizational structure and the tasks that it is responsible for, as about second part, it deals with the historical development of the European central bank, its' structure and tasks and third chapter focuses directly on a comparison of activities of the FED and ECB, particularly of their monetary policies. This part compare FED and ECB in terms of independence, accountability and transparency. The last chapter tries to analyse the economic developments in the USA and euro area and the answer to the question what the role FED and ECB plays in managing the economy.
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