Cincibuch, Martin (contributor); Holub, Tomáš (contributor) - 2008
may depend on many assumptions, including the development of moneti-
sation both in the Czech Republic and in the euro … transition economy, in particular to the
Czech Republic, and concluded that the net present value of the CNB’s monetary income … far not damaged monetary policy credibility in the
Czech Republic and that it can be offset by future CNB profits.
In the …