Impacts of quantitative easing on the interaction between the Central Bank and selected financial market entities in the case of the Czech Republic

Kód výsledku v 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>

Výsledek na webu

<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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Jazyk výsledku

angličtina

Název v původním jazyce

Impacts of quantitative easing on the interaction between the Central Bank and selected financial market entities in the case of the Czech Republic

Popis výsledku v původním jazyce

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.

Název v anglickém jazyce

Impacts of quantitative easing on the interaction between the Central Bank and selected financial market entities in the case of the Czech Republic

Popis výsledku anglicky

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.

Druh

D - Stať ve sborníku

CEP obor

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OECD FORD obor

50202 - Applied Economics, Econometrics

Projekt

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Návaznosti

S - Specificky vyzkum na vysokych skolach

Rok uplatnění

2020

Kód důvěrnosti údajů

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

Název statě ve sborníku

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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Počet stran výsledku

9

Strana od-do

102-110

Název nakladatele

VŠFS, a.s.

Místo vydání

Praha

Místo konání akce

Praha

Datum konání akce

23. 5. 2019

Typ akce podle státní příslušnosti

WRD - Celosvětová akce

Kód UT WoS článku

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