Home > Search Results: keywords:"měnová nezávislost"
Search:
Search Tips :: Advanced Search
Search collections:
Sort by: Display results: Output format:
National Repository of Grey Literature 2 records found  Search took 0.00 seconds. 
Independence and Transmission of Monetary Policy in Small Open Economies: The Case of Canada and the Czech Republic
 Budinský, Jan ; Havránek, Tomáš (advisor) ; Buliskeria, Nino (referee)
The question of whether a small open economy (SOE) with highly integrated financial markets can shield itself from the influence of foreign monetary policy and preserve its monetary independence has been the subject of extensive research over the last decades. The growing integration of world economies owing to globalization, the impacts of recent global pandemic on them leading to the use of unconventional monetary policies, and the consequent high levels of inflation across the globe have highlighted the importance of further study of this problematic. This thesis focuses on two small open economies from different currency areas, Canada and the Czech Republic, and evaluates the monetary policies of their central banks, concentrating primarily on their independence, secondarily on the transmission mechanism of the respective policies, and also on their foreign exchange reserves. A comparative analysis of these two countries and their monetary policies on such scale and complexity has not yet been made before. The results of cointegration testing of vector autoregression models consisting of three-month interbank interest rates representing the monetary policies of the countries under investigation revealed that both Canada and the Czech Republic exhibited a considerable degree of monetary...
Detailed record
Vliv přijetí společné měny euro na export
 Urbanová, Daniela
The diploma thesis deals with the impact of euro adoption on export. Two basic channels of an impact of the adoption of the common currency are identified, namely the reduction of the exchange rate risk and the loss of an autonomous monetary policy. The main contribution of the thesis is the application of the exchange rate stability index and the index of monetary independence as variables representing the mentioned channels and the assessment of their impact on exports in the empirical analysis. The regression analysis of the panel data with fixed effects is used because of the heterogeneity of EU states. In addition to the aforementioned indices, a foreign demand and the nominal effective exchange rate are included in the models. The results indicate that the exchange rate stability index and a foreign demand have a positive and statistically significant impact on export. The empirical analysis uses monthly data for 25 countries of the European Union during the period from January 1994 to May 2017.
Detailed record

Interested in being notified about new results for this query?
Subscribe to the RSS feed.
Digital Repository :: Search :: Submit :: Personalize :: Help
Powered by Invenio v1.1.2
Maintained by admin.invenio@techlib.cz
This site is also available in the following languages:
Česky  English