Přehled o publikaci

The paper is focused to further description and analysis the selected aspects of behavior of Czech banking as a cybernetic system. The objective of the paper is to clarify the implications of central bank regulatory interventions in relations of the managing system (regulator – central bank) to managed system (controlled system – commercial banks) as relationships between operational indicator (discount rate) and regulated indicator (commercial rates).The paper draws on data published by the Czech National Bank (CNB) at http://www.cnb.cz. Methodology of the paper is principally based on the economic cybernetics with special focus to the time series methods and trends analysis. The usual description, literary research, comparison and analytic-synthetic methods are used here as well. The main expected results of the paper relate to the linkages between discount rate and the commercial rate (still not explored), which leads to a discussion of negative commercial rates. Conclusions of the paper partly redefine the position of the central bank in the banking system of the Czech Republic.