National Repository of Grey Literature 3 records found  Search took 0.01 seconds. 
Negative interest rates in banking
Mojžišová, Dominika ; Teplý, Petr (advisor) ; Staniek, Dušan (referee)
This bachelor thesis deals with the usage of negative interest rates as a part of the monetary policy of central banks. The theoretical analysis/part describes banking risks and further deals with the risk measurement and risk management, the interest rates in central banking, the interbank rates and the PRIBOR rate quotation. The empirical analysis/part concerns the situation of some selected European countries, where the central banks have implemented negative interest rates. The next chapter explains the situation in the Czech Republic and the impact of interest rate reduction.
Myths and Realities of Negative Interest Rates
Strach, Jakub ; Jakl, Jakub (advisor) ; Kučera, Lukáš (referee)
This bachelor's thesis examines the issue of negative interest rates with focus on its application within monetary policy. The theoretical part describes important interest rates and their interlinkages. Further it addresses the Taylor rule that often figures as an argument for their implementation. The last chapter mentions breakthrough theoretical opinions on the issue of negative nominal interest rates. The analytical part of the thesis focuses on the situations that would gain from the usage of negative interest rates. It deals with the problem of zero lower bound that hinders said usage and three main proposals how to deal with this problem. Following chapter describes the events of the past years particularly in Europe when the negative interest rates were used by central banks of Switzerland, Denmark and ECB. The closing chapters explain dangerous trends in the conditions of long lasting negative interest rates and obstacles in the legislation.
Below Zero: Economics of Negative Interest Rate
Stroukal, Dominik ; Šťastný, Daniel (advisor) ; Špecián, Petr (referee)
This paper discusses the issue of negative nominal interest rate. Consistent following of Taylor's rule may lead to recommendations to adjust the interest rate below its zero bound. Although the negative nominal interest rate is considered to be impossible, proposals that can make it possible are presented. Their common impact is raising the cost of holding money. It is proven that without a statutory anchor and enforcement this policy of raising the cost of holding money cannot work. Since the originary rate of interest cannot be negative, the whole concept of negative nominal interest rates is only an unconventional form of taxation.

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