National Repository of Grey Literature 3 records found  Search took 0.00 seconds. 
Vliv devizových intervencí na čistý export České republiky
Nevrklová, Marta
The diploma thesis deals with the influence of foreign exchange interventions on net export of the Czech Republic. The first part deals with unconventional monetary policy instruments with focus on the exchange rate as a tool for zero lower bound situation. The reason why central banks use unconventional monetary policy instruments is described in this part as well as the impact of foreign exchange interventions on international trade. Furthermore, the thesis focuses on the international trade analysis of the Czech Republic and the influence of foreign exchange interventions on imports, exports, turnover and foreign trade balance. It is followed by the quantification of the relationship between the change of the nominal exchange rate CZK/EUR and the Czech international trade through a regression analysis. The results of the thesis show a positive impact of foreign exchange interventions on Czech international trade.
Dopady devizových intervencí ČNB na českou ekonomiku
Chlíbek, Adam
This diploma thesis deals with the CNB’s foreign exchange interventions that took place in 2013-2017. The thesis presents concrete recommendations for economic policy maker who consider using foreign exchange intervention as an unconventional monetary policy tool in the situation of ZLB. The recommendations are based on the assessment of the effects of foreign exchange intervention on the Czech economy. Specifically, the thesis verifies whether foreign exchange interventions really stimulated consumer price inflation in the Czech Republic. Moreover, the thesis verifies whether there was a change in the growth of labour productivity at major domestic exporters at the time of foreign exchange interventions. Last but not least, the thesis examines the impact of foreign exchange interventions on the CNB’s bottom lines in 2013-2018.
Nekonvenčné nástroje monetárnej politiky
Štulrajterová, Eva
This Diploma thesis deals with unconventional monetary policy tools, specifically with quantitative easing and its impact on two macroeconomic variables – GDP and inflation. Unconventional monetary policy has been mostly implemented since last financial crisis broke out in 2008 and has replaced the traditional but inefficient interest rate policy because of low interest rate environment. The main aim of the thesis is to evaluate macroeconomic effects of quantitative easing according to previously empirically estimated effects of QE between 2010 and 2018 and to identify the differences of these effects among three concerned economies – the USA, the United Kingdom and Euro area using linear regression. The question of effectiveness of QE’s impact on macroeconomic variables is answered in accordance with the main findings of the thesis and some related recommendations for future implementation of economic policy are made.

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