Analysis Using Multi-Criteria Decision Making of Term Deposits in the Czech Republic

Kód výsledku v IS VaVaI

<a href="https://www.isvavai.cz/riv?ss=detail&h=RIV%2F00216275%3A25530%2F21%3A39918505" target="_blank" >RIV/00216275:25530/21:39918505 - isvavai.cz</a>

Výsledek na webu

—

DOI - Digital Object Identifier

—

Jazyk výsledku

angličtina

Název v původním jazyce

Analysis Using Multi-Criteria Decision Making of Term Deposits in the Czech Republic

Popis výsledku v původním jazyce

The current situation in the banking market is affected by the ongoing coronavirus pandemic. Banks strive to minimize risks while responding to declining interest rates and strong competition in the market for savings and future products. Banks responded quickly by raising the interest rates on savings and time deposits with respect to the increase in the interest rates by the Czech National Bank (CNB) in February 2020. However, due to the Covid-19 pandemic, CNB cut interest rates three times between March and May 2020 to support the economy. These interest rates remained unchanged until June 2021. At the same time, the yield on these products is negatively influenced by the rising inflation rate, which reached 3.2% in 2020. The aim of the article is to analyze the advantage of individual term deposits offered by the large banks. Different periods of term deposits (short-term and medium-term), as well as different deposit amounts, are selected as model examples. The multi-criteria analysis is employed to compare 11 major banks, which offer term deposits, eventually helping the client to make a decision based on the yield, stability, and availability of the bank.

Název v anglickém jazyce

Analysis Using Multi-Criteria Decision Making of Term Deposits in the Czech Republic

Popis výsledku anglicky

The current situation in the banking market is affected by the ongoing coronavirus pandemic. Banks strive to minimize risks while responding to declining interest rates and strong competition in the market for savings and future products. Banks responded quickly by raising the interest rates on savings and time deposits with respect to the increase in the interest rates by the Czech National Bank (CNB) in February 2020. However, due to the Covid-19 pandemic, CNB cut interest rates three times between March and May 2020 to support the economy. These interest rates remained unchanged until June 2021. At the same time, the yield on these products is negatively influenced by the rising inflation rate, which reached 3.2% in 2020. The aim of the article is to analyze the advantage of individual term deposits offered by the large banks. Different periods of term deposits (short-term and medium-term), as well as different deposit amounts, are selected as model examples. The multi-criteria analysis is employed to compare 11 major banks, which offer term deposits, eventually helping the client to make a decision based on the yield, stability, and availability of the bank.

Druh

D - Stať ve sborníku

CEP obor

—

OECD FORD obor

10201 - Computer sciences, information science, bioinformathics (hardware development to be 2.2, social aspect to be 5.8)

Projekt

—

Návaznosti

I - Institucionalni podpora na dlouhodoby koncepcni rozvoj vyzkumne organizace

Rok uplatnění

2021

Kód důvěrnosti údajů

S - Úplné a pravdivé údaje o projektu nepodléhají ochraně podle zvláštních právních předpisů

Název statě ve sborníku

Liberec Economic Forum 2021 : proceedings of the 15th international conference

ISBN

978-80-7494-578-6

ISSN

—

e-ISSN

—

Počet stran výsledku

9

Strana od-do

599-607

Název nakladatele

Technická univerzita v Liberci

Místo vydání

Liberec

Místo konání akce

Liberec

Datum konání akce

13. 9. 2021

Typ akce podle státní příslušnosti

WRD - Celosvětová akce

Kód UT WoS článku

—