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In the course of exchange rate development history of the countries taking part and evaluated in ERM or ERM II before they entered the euro-area there was no depreciating evolution with a trend to currency crisis at all. Fundamental indicators of these economies, partly owing to the compliance...
Persistent link: https://www.econbiz.de/10008754971
With the accession of 10 new European Union member states in May 2004, much attention is being placed on the governance of European Community institutions. This article focuses specifically on discussions of European Central Bank (ECB) governance, particularly as regards the ECB?s amendment of...
Persistent link: https://www.econbiz.de/10008495764
liquidity management. In theoretical part the case of banking system liquidity surplus is analyzed focusing on creation of … liquidity through FX operations, sterilization of liquidity and main sources of liquidity absorption. In this context it is … system liquidity needs and to cover issued currency in circulation and bank´s reserves by net foreign assets. In empirical …
Persistent link: https://www.econbiz.de/10008802572
having in mind the priority of entering Eurozone with a proper conversion rate. …
Persistent link: https://www.econbiz.de/10005808673
having in mind the priority of entering Eurozone with a proper conversion rate. …
Persistent link: https://www.econbiz.de/10005036586
During 1930s and 1940s Josef Macek developed monetary theory leading to monetary policy recommendations which are deeply influenced by macroeconomic theory of John Maynard Keynes. Macek became leading Czech left-wing keynesian. His theory of money was nominalist and similarly to J. M. Keynes and...
Persistent link: https://www.econbiz.de/10005036614
The article contains a general analysis of the exchange rate convergence process of EU and eurozone-candidate countries … convergence process in EU countries. The fourth and final part summarizes the main experiences of EU/eurozone countries with …
Persistent link: https://www.econbiz.de/10008549714
The article contains a general analysis of the exchange rate convergence process of EU and eurozone-candidate countries … convergence process in EU countries. The fourth and final part summarizes the main experiences of EU/eurozone countries with …
Persistent link: https://www.econbiz.de/10008549881
The article is a general analysis of the exchange rate convergence process for EU and Eurozone candidate countries. The …
Persistent link: https://www.econbiz.de/10008549919
The article summarizes the main points discussed at the seminar on Monetary Policy during Very Low Inflation, held by the Czech Economic Association in June 2003. There were two main speakers at the seminar. The first was Jan Frait (Czech National Bank), who summarized the main ideas of...
Persistent link: https://www.econbiz.de/10008495641