The main objective of this thesis is to describe the functioning of the central bank, the historical development of the Czech National Bank, its organizational structure and internal decision-making mechanisms, activities carried out, its purpose, function and objectives and to incorporate it in the legal system of the Czech Republic. This thesis addresses the involvement of the Czech National Bank for the European System of Central Banks, the functioning of the European Central Bank and the aforementioned European System of Central Banks. Part of the work is devoted to the process of adopting the euro and the relation between Czech Republic this currency. The thesis gives a comprehensive view of the functioning of the Czech National Bank. Thesis is divided into several chapters, and each chapter neatly summarized some part of the whole and to ensure easy orientation at work. The work is drawn from literature, case law and legislation. The work includes the connection of the scientific literature and the author's views. There is a widely used quotes personalities and capabilities in their field and provisions of the legislation, so that the work was valuable informative.

The main objective of this thesis is to describe the functioning of the central bank, the historical development of the Czech National Bank, its organizational structure and internal decision-making mechanisms, activities carried out, its purpose, function and objectives and to incorporate it in the legal system of the Czech Republic. This thesis addresses the involvement of the Czech National Bank for the European System of Central Banks, the functioning of the European Central Bank and the aforementioned European System of Central Banks. Part of the work is devoted to the process of adopting the euro and the relation between Czech Republic this currency. The thesis gives a comprehensive view of the functioning of the Czech National Bank. Thesis is divided into several chapters, and each chapter neatly summarized some part of the whole and to ensure easy orientation at work. The work is drawn from literature, case law and legislation. The work includes the connection of the scientific literature and the author's views. There is a widely used quotes personalities and capabilities in their field and provisions of the legislation, so that the work was valuable informative.

Legal status and activities of the Czech National Bank This thesis focuses on the legal aspects of the position of the Czech National Bank and its activities. The aim of the work is to describe the Czech National Bank as an indispensable and irreplaceable institution. Given the scope of the issue is the work written to provide an overview of the most important facts. The work is divided into an introduction and four chapters, the conclusions and list of sources. In the introduction the author justifies the choice of the topic of the thesis, sets out the basic objectives of the work and gives a brief outline description of each chapter. In the first chapter the author introduces the reader to the development of central banking in our country from the Austro - Hungarian Empire until the establishment of the independent Czech Republic. The second chapter deals with the legal status of the Czech National Bank. The author describes the Czech National Bank as a constitutional body and defines its relationship to other constitutional authorities, appointment and dismissal of members of the board, and mentions the concept of independence of the Czech National Bank. The third chapter is devoted to the question of a possible euro adoption in the Czech Republic and the Czech National Bank's relationship to...

Use of the monetary instruments of the Czech National Bank Abstract The aim of the thesis is to chronologically analyze the use of the monetary instruments of the Czech National Bank with emphasis on the issue of changing the primary objective of our central bank in the legislation order and answer the question whether there was a change in the use of the monetary instruments of the CNB or not. The thesis uses mainly descriptive method, analytical method, and comparative method. The sources of this thesis are mainly professional economic publications (professional articles, textbooks), legal regulations, including the case law of the Constitutional Court, and freely available data listed on the website of the CNB or the website of the Czech Statistical Office. The first chapter of my thesis defines the term "Monetary Policy". It theoretically analyses the basic types of the monetary policy and functions. This includes the processes that lead from the use of the monetary instruments to influence the economy. The emphasis here is mainly on explaining the term "inflation targeting" and its use. The second chapter presents the monetary instruments that central banks can use in their monetary policy. The chapter divides monetary instruments into direct and indirect and conventional and unconventional. The third...

Change is invariable and continuous, and has become inevitable in almost every sphere of business. The FNB Namibia operates in a highly vibrant competitive environment that is influenced by external and internal change drivers, and has not been resistant to any forces of change. This study was conducted to examine the relationship between corporate culture and organisational change of FNB Namibia. In this study corporate culture is the independent variable while organisational change is the dependent variable under the investigation. The data were collected through the questionnaires distributed to the staff members of the bank. A total of 50 questionnaires were administered, 33 of the questionnaires were correctly completed and returned. The findings showed that there is a relationship between corporate culture and organisational change. The findings also showed that the dominant existing organisational culture at the bank is hierarchy culture. Even though hierarchy culture is found to be the dominant organisational culture of the bank, the findings however, further revealed that the bank has adopted all four types of organisational culture. The study also found that different types of organisational culture have different levels of perceptions towards organisational change. / Business Management / M. Tech. (Business Administration)

RESUMÉ - THE STATUS AND THE ROLE OF CENTRAL BANKS IN THE EU This diploma thesis compares the Czech National Bank, the Slovak National Bank, the Bundesbank and the European Central bank. Central banks play a significant role in every state and they have big influence on economy of each state. Therefore, their legal regulation as well as precise definition of their competencies are essential. The thesis focuses on their establishment, legal base and legal form, organisation and independence (institutional, financial, personal and functional). Its aim is also to compare tasks, monetary policy, issuance of banknotes and coins, banking and financial regulation and supervision. Establishment of a central bank depends significantly on the historical background of the given state (or union). All of the described banks are settled in regulations of the highest legal importance on the particular state (or union), which is not usual, and also in many other legal acts. Members of the highest body are selected after the agreement of the legislative and executive powers. The Czech National Bank is an exception, since the members of its Bank Board are appointed by the president without a counter signature. The budgets of the central banks are separated from the states' budgets and they are approved by the central banks....

The main purpose of this thesis is to analyse the impacts of unconventional monetary policy instruments on small open economies in zero lower-bound situations. Although all unconventional instruments are discussed, an emphasis is placed on currency intervention. Impacts of the various instruments are demonstrated using the economies of Czech Republic and Switzerland as case studies. The thesis will conclude with a comparison of the case studies.

Legal status and content of activities of Czech national bank This thesis deals with legal issues of Czech National Bank. The aim of this work is the analysis of the basic institutes, the most important and the most controversial statutory provisions and also to introduce the most important activities of the central bank to the reader and explaining him why are these activities needed and what is their function in the system. Due to limited range of this thesis the author took considerable volume of this topic in account, that's why some chapters aim merely the most important information to explain the issue correctly and to help the reader to understand the contexts. This work is divided to seven chapters (including the Inroduction) and to the Conclusion, list of used shortuts, literature and attachments. In the Introduction the author acquaints the reader with reason, why has he choosen right this issue as the topic of his thesis and lays out the targets to be accomplished by his work. In the second chapter is the reader acquainted with the historical development of central banking on the territory of present Czech Republic - since the Austro-Hungarian monarchy to the evolution of current Czech National Bank. In the conclusion of this chapter the author analysis the possibilities of the immediate future...

This research focuses mainly on the evaluation of interest rates predictions (predictions of 3M PRIBOR rate) published by Czech national bank. In the first part of the thesis reasons and potential central bank's benefits of the publishing of interest rate predictions are presented, based on the current academic literature. In the next chapters econometric and non-econometric evaluation of Czech national bank forecasts is provided. Furthermore, predictions from Czech Treasury, random walk process and my own autoregressive and vector autoregressive predictions were evaluated as well. It has been concluded that Czech national bank produces and publishes the most accurate based on non-econometric and econometric evaluation of all examined predictions. Moreover during the F-test evaluation procedure, the forecasts of Czech national bank proved themselves to be unbiased for the longest time horizon of all examined predictions. Powered by TCPDF (www.tcpdf.org)

This diploma thesis is focused on the description of Inflation Targeting regime in the Czech Republic. The paper is divided into three parts. The first part deals with inflation and its targeting and with the economical circumstances that led to the launch of this monetary policy regime in the Czech Republic. The next part concerns the central bank reaction function, transmission channels, evaluation of the inflation target sets and the description of prognostic models that the central bank uses for forecasting. Then main stress is laid on the new structural dynamic model "g3". The last part describes my own inflation prognosis, which is based on the time series analysis.