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Does Euro Adoption Reduce Central Bank Staff?
Žídeková, Lucia ; Havránek, Tomáš (advisor) ; Fanta, Nicolas (referee)
The thesis examined the impact of euro adoption and joining the EU's Exchange Rate Mechanism (ERM II) on central bank staff using the synthetic control method. The first part of the work focused on assembling a data set on personnel development and proposing predictors for approximating central bank size. In the second part, the study presents the models and results, revealing a significant decrease in the number of employees at Latvijas Banka after joining ERM II. However, the research encountered limitations due to data unavailability, possible shocks experienced by donor pool countries, and poor fit of pre-intervention characteristics, leading to ambiguous findings regarding the size and significance of the negative effect of euro adoption on personnel development for Latvijas Bank, the National Bank of Slovakia, and Eesti Pank. The reliability of the results for the National Bank of Belgium and the Bank of Finland was affected by a short pre-intervention period and the risk of over-fitting.
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Relationship between the central bank and commercial bank
Pastorčák, Jan ; Bakeš, Milan (advisor) ; Karfíková, Marie (referee)
Relations of Central bank to Commercial banks The purpose of my thesis is to analyse relations among central bank and commercial banks in current view with emphasising on situation in the Czech Republic. This analysis is a critical appraisal of issues in relation to current legislation, and last but not least also the planned changes, which are currently under discussion. The thesis is divided into five chapters with introduction and abstract. Chapter One is introductory and defines basic terminology used in the thesis like banking system, central bank and commercial banks. This chapter is subdivided into four parts. Part One describes central bank and banking system. Part Two describes central bank, its position, activity and tools. Part Third is focused on commercial banks. Final part deals with trends in the development of the banking sector. Chapter Two characterises subjects of banking system in the Czech Republic and is divided into two parts. Part One outlines organizational structure of the CNB and its main functions. Part Two outlines organizational structure of commercials banks in the Czech Republic. Chapter Three concentrates on banking regulation and supervision and its division. Part One analyzes arguments for and against bank regulation. Part Two is focused on banking regulation and...
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The Czech National Bank, its legal position and scope of activities
Krajíčková, Lucie ; Bakeš, Milan (advisor) ; Sejkora, Tomáš (referee)
The Czech National Bank, its legal position and scope of activities Abstract As the theme of my thesis, I have chosen the Czech National Bank, its legal position and scope of activities. The aim is to analyze the legal position and activities of the CNB. This is a very large topic, due to the wide activities of the CNB at national, European and international level. The CNB is and independent, highly credible and very powerful institution. The CNB is the central bank of the Czech Republic, the financial market supervision authority and the authority to solve crisis. Its main objective is to maintain price stability. Due to the wide range of tasks, I focused on the assessment its monetary policy as its most important business. The implementation of monetary policy is based on the ability to choose the level of interest rates that will keep inflation at a low but stable level and there will be no unnecessary slowdown or acceleration of the growth rate of the economy. The aim of the CNB's transmission mechanism is to keep the overall inflation in the narrow corridor at 1-3 %. By comparing the real development of the average quarterly inflation rate and the forecast of monetary policy-relevant inflation for the period from 3.Q 2008 to 2.Q 2019, it can be concluded that the caused fluctuations could be hardly...
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Relationship between the central bank and commercial bank
Pastorčák, Jan ; Bakeš, Milan (advisor) ; Karfíková, Marie (referee)
Relations of Central bank to Commercial banks The purpose of my thesis is to analyse relations among central bank and commercial banks in current view with emphasising on situation in the Czech Republic. This analysis is a critical appraisal of issues in relation to current legislation, and last but not least also the planned changes, which are currently under discussion. The thesis is divided into five chapters with introduction and abstract. Chapter One is introductory and defines basic terminology used in the thesis like banking system, central bank and commercial banks. This chapter is subdivided into four parts. Part One describes central bank and banking system. Part Two describes central bank, its position, activity and tools. Part Third is focused on commercial banks. Final part deals with trends in the development of the banking sector. Chapter Two characterises subjects of banking system in the Czech Republic and is divided into two parts. Part One outlines organizational structure of the CNB and its main functions. Part Two outlines organizational structure of commercials banks in the Czech Republic. Chapter Three concentrates on banking regulation and supervision and its division. Part One analyzes arguments for and against bank regulation. Part Two is focused on banking regulation and...
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Legal Framework of Monetary Stability in the Euro Area
Humeníková, Zuzana ; Moravec, Tomáš (advisor) ; Patočka, Radim (referee)
The Bachelor's thesis deals with the European Union, especially with European monetary union, and explains legal framework of monetary stability in the monetary union with regard to the Denmark, the nation with statutory exceptions. The aim od this thesis is to provide potential readers with information about the attitude of Denmark to unified monetary integration. The first chapter is dedicated to the history of the European monetary union, it's evolution and legal basis of monetary integration. The second chapter explains the European System of Central Banks and the European Central Bank. The last chapter describes position of the Denmark in the EU from view of history and political cooperation between nation policy and it's population, with focus on the Euro Area.
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Evaluation of the previous policy of the ECB in terms of its impact on national economies of the eurozone
Kleštinec, Ivan ; Mandel, Martin (advisor) ; Brůna, Karel (referee)
The ECB was established during the third phase of the economic and monetary union and its activities launched on 1. 7. 1998. It has become a new independent institution whose primary task became the conduct of monetary policy for countries that have accepted the euro currency. This bachelor thesis examines the impact of monetary policy in selected countries of the euro area. ECB affects individual national economies using its strategies and instruments, such as interest rates, minimum reserve requirements or change over the amount of money in circulation, whether through expansive or restrictive policy. It tries to act counter-cyclically to stabilize the price level and economic growth or to promote it. Monetary policy is the same for all countries, although the results are different because every country in the euro zone determines its own fiscal policy.
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