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

Kód výsledku v IS VaVaI

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Výsledek na webu

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DOI - Digital Object Identifier

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Jazyk výsledku

angličtina

Název v původním jazyce

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

Popis výsledku v původním jazyce

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

Název v anglickém jazyce

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

Popis výsledku anglicky

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

Druh

D - Stať ve sborníku

CEP obor

AH - Ekonomie

OECD FORD obor

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Projekt

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Návaznosti

S - Specificky vyzkum na vysokych skolach

Rok uplatnění

2014

Kód důvěrnosti údajů

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

Název statě ve sborníku

Mezinárodní konference Hradecké ekonomické dny 2014

ISBN

978-80-7435-370-3

ISSN

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e-ISSN

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Počet stran výsledku

7

Strana od-do

9-15

Název nakladatele

Univerzita Hradec Králové

Místo vydání

Hradec Králové

Místo konání akce

Hradec Králové

Datum konání akce

1. 1. 2014

Typ akce podle státní příslušnosti

CST - Celostátní akce

Kód UT WoS článku

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