| SPONER, Miroslav a Martina SPONEROVÁ. Foreign exchange intervention by the Czech National Bank and its consequences. In Jan Krajíček, Josef Nešleha, Karel Urbanovský. European Financial Systems 2016. Proceedings of the 13th International Scientific conference, Brno: Masaryk University, 2016. Brno: Masarykova Univerzita, 2016, s. 737-744. ISBN 978-80-210-8308-0. |
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@inproceedings{1356480,
author = {Sponer, Miroslav and Sponerová, Martina},
address = {Brno},
booktitle = {European Financial Systems 2016. Proceedings of the 13th International Scientific conference, Brno: Masaryk University, 2016},
editor = {Jan Krajíček, Josef Nešleha, Karel Urbanovský},
keywords = {deflation; exchange rate; foreign exchange interventions; monetary policy; zero lower bound},
howpublished = {tištěná verze "print"},
language = {eng},
location = {Brno},
isbn = {978-80-210-8308-0},
pages = {737-744},
publisher = {Masarykova Univerzita},
title = {Foreign exchange intervention by the Czech National Bank and its consequences},
url = {http://www.efs.econ.muni.cz/},
year = {2016}
}
TY - JOUR
ID - 1356480
AU - Sponer, Miroslav - Sponerová, Martina
PY - 2016
TI - Foreign exchange intervention by the Czech National Bank and its consequences
PB - Masarykova Univerzita
CY - Brno
SN - 9788021083080
KW - deflation
KW - exchange rate
KW - foreign exchange interventions
KW - monetary policy
KW - zero lower bound
UR - http://www.efs.econ.muni.cz/
L2 - http://www.efs.econ.muni.cz/
N2 - The article generally analyses the causes leading up to the foreign exchange intervention by the Czech National Bank in November 2013 and its consequences. The article examines the use of exchange rate by the Czech National Bank as a monetary policy instrument at the zero lower bound on interest rates. It explains the reasons for further easing monetary policy and for choosing the exchange rate intstrument and its specific level, and discusses its expected benefits in the case of the Czech Republic.
ER -
SPONER, Miroslav a Martina SPONEROVÁ. Foreign exchange intervention by the Czech National Bank and its consequences. In Jan Krajíček, Josef Nešleha, Karel Urbanovský. \textit{European Financial Systems 2016. Proceedings of the 13th International Scientific conference, Brno: Masaryk University, 2016}. Brno: Masarykova Univerzita, 2016, s.~737-744. ISBN~978-80-210-8308-0.
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