Reasons for Intervention of the Czech National Bank and the Evaluation of the Impact on the Insurance Market

Result code in IS VaVaI
<a href="https://www.isvavai.cz/riv?ss=detail&h=RIV%2F46747885%3A24310%2F14%3A00002195" target="_blank" >RIV/46747885:24310/14:00002195 - isvavai.cz</a>
Result on the web
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DOI - Digital Object Identifier
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Result language
angličtina
Original language name
Reasons for Intervention of the Czech National Bank and the Evaluation of the Impact on the Insurance Market
Original language description
If the Bank Board of the CNB decided to not use the exchange rate as a monetary policy instrument, might still be relatively stable exchange rate broke the Czech crown would become considerably stronger. It also recently intensified the decline in inflation expectations of businesses, households and financial markets. Previous efforts of the CNB to weaken the exchange rate and lower real interest rates, this could be reversed. This undesirable tightening of monetary policy by further heightening inflationary tendencies in the economy, it means that the beginning was hampered recovery and the improvement in the labour market, and the economy falling into another wave of recession and even deflation. Negative experiences with deflation in the last 20 years, have especially in Japan. According to the economic analysis of the CNB (Czech National Bank is in a community of other central banks perceived as a capacity in creation these analyses, forecasting and monetary policy in general), the
Czech name
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Czech description
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Publication year
2014
Confidentiality
S - Úplné a pravdivé údaje o projektu nepodléhají ochraně podle zvláštních právních předpisů

Article name in the collection
Mezinárodní konference Hradecké ekonomické dny 2014
ISBN
978-80-7435-370-3
ISSN
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e-ISSN
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Number of pages
7
Pages from-to
9-15
Publisher name
Univerzita Hradec Králové
Place of publication
Hradec Králové
Event location
Hradec Králové
Event date
Jan 1, 2014
Type of event by nationality
CST - Celostátní akce
UT code for WoS article
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