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

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

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

Popis výsledku v původním jazyce

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.

Název v anglickém jazyce

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

Popis výsledku anglicky

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.

Druh

D - Stať ve sborníku

CEP obor

AE - Řízení, správa a administrativa

OECD FORD obor

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Projekt

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Návaznosti

V - Vyzkumna aktivita podporovana z jinych verejnych zdroju

Rok uplatnění

2015

Kód důvěrnosti údajů

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

Název statě ve sborníku

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

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e-ISSN

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Počet stran výsledku

14

Strana od-do

545-558

Název nakladatele

Fakulta managementu a ekonomiky, UTB ve Zlíně

Místo vydání

Zlín

Místo konání akce

Zlín

Datum konání akce

23. 4. 2015

Typ akce podle státní příslušnosti

EUR - Evropská akce

Kód UT WoS článku

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