THE EXCHANGE INTERVENTIONS AS A TOOL OF THE CENTRAL BANK AGAINST DEFLATION IN THE CZECH REPUBLIC

Result code in IS VaVaI
<a href="https://www.isvavai.cz/riv?ss=detail&h=RIV%2F70883521%3A28120%2F15%3A43873159" target="_blank" >RIV/70883521:28120/15:43873159 - isvavai.cz</a>
Result on the web
—
DOI - Digital Object Identifier
—

Result language
angličtina
Original language name
THE EXCHANGE INTERVENTIONS AS A TOOL OF THE CENTRAL BANK AGAINST DEFLATION IN THE CZECH REPUBLIC
Original language description
Banking sector has always been the area of great interest, but since the outbreak of the global financial crisis in 2007, the focus on this area has been multiplied. As the economies of euro area, as the global economy, robust recovery still have not been seen. The purpose of this article is to examine the effectiveness of how Czech national bank fights against imminent deflation. Among basic monetary policy tools include short-term interest rates, but since these interest rates are on the technical zero from 2012, the Czech national bank could not use this tool to effectively combat the impending deflation. For this reason were used in this struggle the FX interventions. With the use of correlation analysis, we tested the influence of these FX interventions on the macroeconomic indicators, such as inflation and GDP.
Czech name
—
Czech description
—

Publication year
2015
Confidentiality
S - Úplné a pravdivé údaje o projektu nepodléhají ochraně podle zvláštních právních předpisů

Article name in the collection
Proceedings of the 7th International Scientific Conference Finance and the Performance of Firms in Science, Education and Practice
ISBN
978-80-7454-482-8
ISSN
—
e-ISSN
—
Number of pages
14
Pages from-to
545-558
Publisher name
Fakulta managementu a ekonomiky, UTB ve Zlíně
Place of publication
Zlín
Event location
Zlín
Event date
Apr 23, 2015
Type of event by nationality
EUR - Evropská akce
UT code for WoS article
—

Similar results(10)