Central Banks' Financial Strength and Monetary Policy
| Autor: | Mgr. Jan Kadlec |
|---|---|
| Rok: | 2015 - letní |
| Vedoucí: | doc. Mgr. Tomáš Holub Ph.D. |
| Konzultant: | |
| Typ práce: | Diplomová |
| Jazyk: | Anglicky |
| Stránky: | 95 |
| Ocenění: | |
| Odkaz: | https://is.cuni.cz/webapps/zzp/detail/91799/ |
| Abstrakt: | The objective of this thesis is to see how effectively can central banks can conduct monetary policy under specific circumstances. Four hypothesis are being examined on the case study of five central banks - the Czech National Bank, the Central Bank of Chile, the Bank of Jamaica, the Central Bank of Argentina and the Swiss National Bank. Firstly this work confirms that solid monetary policy can be applied even if CB is dealing with loss based on inflation targeting success rate of central banks. Secondly, in the case of Czech National Bank using VAR, was concluded that inflation expectations can influence the outcome of CB´s monetary policy. In the second part of this hypothesis the expectations from the government side in SNB case were examined. On the case of Argentina the negative effect of adjusting monetary policy was demonstrated. The last part elaborates on the topic of determining optimal capitalisation of central bank |
