FEATURES OF INTEREST-BEARING MONETARY POLICY INSTRUMENTS OF THE CZECH NATIONAL BANK

The features of the economic development of the Czech Republic after the global financial crisis, the role of the Czech National Bank in the formation of macroeconomic policies, as well as the peculiarities of monetary regulation in the study period have been defined in the article. The main goal of...

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Main Authors: A. V. Berdyshev, N. S. Bobyr
Format: Article
Language:English
Published: Publishing House of the State University of Management 2020-05-01
Series:Вестник университета
Subjects:
Online Access:https://vestnik.guu.ru/jour/article/view/2142
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author A. V. Berdyshev
N. S. Bobyr
author_facet A. V. Berdyshev
N. S. Bobyr
author_sort A. V. Berdyshev
collection DOAJ
description The features of the economic development of the Czech Republic after the global financial crisis, the role of the Czech National Bank in the formation of macroeconomic policies, as well as the peculiarities of monetary regulation in the study period have been defined in the article. The main goal of the paper is to assess the impact of interest rates used by the Czech National Bank in the process of monetary regulation on the dynamics of the main macroeconomic indicators, which is considered as one of the necessary conditions for the effectiveness of the inflation targeting regime. By the results of the correlation analysis and Fisher’s exact test, it has been determined that the Czech National Bank could affect the main macroeconomic indicators based on the percentage of monetary policy instruments used.
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institution Kabale University
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publisher Publishing House of the State University of Management
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series Вестник университета
spelling doaj-art-0dc72a9e481240979db97f27c347d9a82025-02-04T08:28:03ZengPublishing House of the State University of ManagementВестник университета1816-42772686-84152020-05-010312713310.26425/1816-4277-2020-3-127-1331670FEATURES OF INTEREST-BEARING MONETARY POLICY INSTRUMENTS OF THE CZECH NATIONAL BANKA. V. Berdyshev0N. S. Bobyr1Financial University under the Government of the Russian FederationFinancial University under the Government of the Russian FederationThe features of the economic development of the Czech Republic after the global financial crisis, the role of the Czech National Bank in the formation of macroeconomic policies, as well as the peculiarities of monetary regulation in the study period have been defined in the article. The main goal of the paper is to assess the impact of interest rates used by the Czech National Bank in the process of monetary regulation on the dynamics of the main macroeconomic indicators, which is considered as one of the necessary conditions for the effectiveness of the inflation targeting regime. By the results of the correlation analysis and Fisher’s exact test, it has been determined that the Czech National Bank could affect the main macroeconomic indicators based on the percentage of monetary policy instruments used.https://vestnik.guu.ru/jour/article/view/2142czech national bankmonetary policyinflation targetingexchange rateinterest policydiscount ratelombard raterepo 2w
spellingShingle A. V. Berdyshev
N. S. Bobyr
FEATURES OF INTEREST-BEARING MONETARY POLICY INSTRUMENTS OF THE CZECH NATIONAL BANK
Вестник университета
czech national bank
monetary policy
inflation targeting
exchange rate
interest policy
discount rate
lombard rate
repo 2w
title FEATURES OF INTEREST-BEARING MONETARY POLICY INSTRUMENTS OF THE CZECH NATIONAL BANK
title_full FEATURES OF INTEREST-BEARING MONETARY POLICY INSTRUMENTS OF THE CZECH NATIONAL BANK
title_fullStr FEATURES OF INTEREST-BEARING MONETARY POLICY INSTRUMENTS OF THE CZECH NATIONAL BANK
title_full_unstemmed FEATURES OF INTEREST-BEARING MONETARY POLICY INSTRUMENTS OF THE CZECH NATIONAL BANK
title_short FEATURES OF INTEREST-BEARING MONETARY POLICY INSTRUMENTS OF THE CZECH NATIONAL BANK
title_sort features of interest bearing monetary policy instruments of the czech national bank
topic czech national bank
monetary policy
inflation targeting
exchange rate
interest policy
discount rate
lombard rate
repo 2w
url https://vestnik.guu.ru/jour/article/view/2142
work_keys_str_mv AT avberdyshev featuresofinterestbearingmonetarypolicyinstrumentsoftheczechnationalbank
AT nsbobyr featuresofinterestbearingmonetarypolicyinstrumentsoftheczechnationalbank