Impacts of quantitative easing on the interaction between the Central Bank and selected financial market entities in the case of the Czech Republic
The result's identifiers
Result code in IS VaVaI
<a href="https://www.isvavai.cz/riv?ss=detail&h=RIV%2F60460709%3A41110%2F20%3A84548" target="_blank" >RIV/60460709:41110/20:84548 - isvavai.cz</a>
Result on the web
<a href="https://www.vsfs.cz/prilohy/konference/financial_markets_2019.pdf" target="_blank" >https://www.vsfs.cz/prilohy/konference/financial_markets_2019.pdf</a>
DOI - Digital Object Identifier
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Alternative languages
Result language
angličtina
Original language name
Impacts of quantitative easing on the interaction between the Central Bank and selected financial market entities in the case of the Czech Republic
Original language description
The article deals with the impacts of the non-standard monetary policy of the Czech National Bank applied during the economic crisis in the form of foreign exchange interventions. The primary impacts are on financial markets and their entities, including commercial banks, which are active participants in this unconventional policy. On the basis of selected indicators relating to commercial banks and interest rates and the amount of foreign exchange interventions by central banks, relationships are examined between these entities and their possible changes due to quantitative easing. The statistical methods utilised are correlation with the Pearson coefficient and regression analysis based on given parameters. The results confirm a significant relationship between foreign exchange interventions and the monitored indicators. Conversely, the relationship between interest rates and the monitored indicators was not proved.
Czech name
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Czech description
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Classification
Type
D - Article in proceedings
CEP classification
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OECD FORD branch
50202 - Applied Economics, Econometrics
Result continuities
Project
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Continuities
S - Specificky vyzkum na vysokych skolach
Others
Publication year
2020
Confidentiality
S - Úplné a pravdivé údaje o projektu nepodléhají ochraně podle zvláštních právních předpisů
Data specific for result type
Article name in the collection
Financial Markets 2019 – A Factor of European Competitiveness – proceeding from the 9 th International Conference.
ISBN
978-80-7408-198-9
ISSN
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e-ISSN
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Number of pages
9
Pages from-to
102-110
Publisher name
VŠFS, a.s.
Place of publication
Praha
Event location
Praha
Event date
May 23, 2019
Type of event by nationality
WRD - Celosvětová akce
UT code for WoS article
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