The introduction to the no. 1/13 of the journal FaÚ-CJEF, focused on the single topic „Financial Linkages and Financial Stability”.

Monetary Conditions IndicatorsMartin CIHAK ? International Monetary Fund, Washington, D.C.Tomas HOLUB ? Czech National Bank; Faculty of Social Sciences, Charles University, PragueThe article provides an overview of foreign-language (non-Czech) literature on monetary conditions indices. The...

The strong appreciation of the Czech koruna over 2001?2002 and the foreign exchange interventions conducted by the Czech central bank under its inflation-targeting regime provide a good opportunity to consider the pros and cons of FX intervention, an often-controversial monetary-policy...

The paper analyzes the impact that certain administrative measures of monetary authorities have on exchange rates. Using the Perron test, the authors test for the existence of structural change in the development of exchange rates in Central and Eastern European countries. The dates when...

This study examines monetary policy efficiency in Central Asia by investigating the monetary transmission mechanism in the region’s economies. To examine monetary policy efficiency, it is necessary to take into account factors that might impede the transmission, such as high levels of...

The Czech National Bank (CNB) conducts a monthly survey to collect domestic and foreign analysts’ forecasts of several economic and financial variables. Among these are the 2-week repo rate (which is the monetary policy interest rate set by the CNB), the 1-year Prague interbank offer rate and...