This thesis analyzes the effect of the Czech National Bank's (CNB) communica- tion on the interest rate volatility (PRJBOR reference rate). Starting with the literature survey about the central bank communication in the world, I focus on the literature that concerns the CNB. To model the CNB's communication, I use the GARCH(l,1), EGARCH(l,1) and TARCH(l,1) models. I have created a unique data set containing the dummy variables for the CNB communication. The results are as follows: (a) the CNB's communication tends to decrease the volatility, (b) timing of the communication has a key role as the comments closer to the meeting have bigger calming effect, and that (c) there is no clear effect concerning the comments of the Bank Board members in the media. JEL Classification Keywords E43, E44, E52, E58 Czech National Bank, monetary policy signaling, central bank communication, the term structure of interest rates, GARCH analysis Author's email karasp@email.cz Supervisors's email roman. horvath@gmail.com

This diploma thesis describes an unexplored field of study - the medialization of the monetary separation and Czech koruna formation in February 1993. The thesis maps Czech media discourse devoted to this theme and answers the question whether the media, through its contents, could contribute to a positive perception and acceptance of this fundamental economic reform that actually completed the dissolution of Czechoslovakia process on January 1, 1993. For this purpose the thesis uses the qualitative research methods, the semiotic analysis and the discourse analysis. The introduction briefly outlines the sociopolitical situation in the country. The theoretical part describes the role of money and monetary policy, the technical preparation of the currency separation, including a new series of banknotes, and outlines Czech media trends after the 1989. The methodological part contains specific objectives, research questions and widely presents the selected research methods. The practical part analyzes media contents devoted to the currency separation in Czech newspapers Blesk (Flash), Hospodářské noviny (Economic Newspaper), MF Dnes (Today), Rudé právo (Red Law) and selected program of Česká televize (Czech Television) in the first quarter of the year 1993. The main outcome of the analysis is a...

The goal of the thesis: "Creation and evolution circumstances of Czechoslovak National Bank" is to describe the evolution of czechoslovak central banking since the foundation of the independent Czechoslovak Republic in 1918 until creation of Czechoslovak National Bank in 1926. Its first part is dedicated to the monetary reform of 1919, describing its theoretical foundations, methods of implementation and impacts. Second part is dedicated to the Bank Office of the Ministry of Finance as its direct predecessor. Finally, third part of the thesis describes creation, organisation and activities of the Czechoslovak National Bank alone.

The purpose of this Master’s Report was to determine an appropriate preservation strategy for a particular set of buildings and their accompanying art from the Modern Architecture Movement. The research question was: What type of strategy is best suited for the preservation of installed art created for Modern style buildings? The study analyzed preservation strategies afforded to Modern art and architecture during rehabilitation of the buildings. The case studies are Modern Movement office or bank buildings with art commissioned for the space by the architects or owners. An analysis of the main case study’s preservation strategies looks at all the actions taken and proposed to protect, not only the material fabric of the art, but the primary interior space. The main case study was the American National Bank building in Austin, Texas designed by Kuehne, Brooks and Barr Architects with a mural by Seymour Fogel. The secondary case studies were: Harry Bertoia sculpture + Manufacturers Trust Building, New York City, Pietro Belluschi mural + Equitable Building, Portland, Oregon, Richard Lippold sculpture + Inland Steel Building, Chicago, and Roger Darricarrere dalle de verre + Columbia Savings Buildings, Los Angeles. After study and analysis, the preservation strategies were categorized in four categories: in situ conservation, removal, recreation/replacement and demolition/destruction. It was concluded that there is not a general approach for these projects, and each should be analyzed through various factors (Design Intent, Intrinsic Value, Collaboration and Context) to determine the appropriate intervention. / text

Η χρήση των Πληροφοριακών Συστημάτων συνεχώς αυξάνεται. Πλέον οι περισσότεροι οργανισμοί βασίζονται στην λειτουργία τους. Αχίλλειος πτέρνα αυτών είναι η ασφάλεια τους. Στη παρούσα μελέτη παρουσιάζονται τα βασικά θέματα που αφορούν την διαχείριση προσωπικών δεδομένων αναλύοντας την πολιτική ασφαλείας μιας εταιρείας του ελληνικού τραπεζικού τομέα . Αρχικά εντάσσεται η έννοια των Πληροφοριακών Συστημάτων. Ακολουθεί η έννοια της Πολιτικής Ασφάλειας στον ευρύτερο τομέα της Διαχείρισης της Ασφάλειας των Πληροφοριακών Συστημάτων καθώς και οι κατηγοριοποιήσεις των κινδύνων και των ζημιογόνων γεγονότων. Έπειτα προσδιορίζονται οι βασικές αρχές για την ανάπτυξη Πολιτικών Ασφάλειας των Πληροφοριακών Συστημάτων, διευκρινίζοντας το νομικό πλαίσιο προστασίας τραπεζικών δεδομένων και το απόρρητο τους. Η επόμενη ενότητα αφορά την εφαρμογή των Πολιτικών Ασφάλειας στο πλαίσιο της εταιρείας και καταγράφει τα απαραίτητα μέτρα για την επιτυχή και αποτελεσματική εφαρμογή τους. Ακολουθούν τα αποτελέσματα της μελέτης και οι προτάσεις για την βελτιστοποίηση της παρούσας κατάστασης και την αποφυγή μελλοντικών κινδύνων. / The use of Information Systems is constantly increasing. Now most of the organizations rely on them for their operation. Their vulnerable spot is their security. This study presents the main issues related to the management of personal data by analyzing the security policy of a company of Greek banking sector. Firstly, the concept of Information Systems is presented.Then a part of the concept of security policy in the broader field of Safety Management Information Systems and classifications of risks and loss events is presented. Afterwards identifying the key principles for the development of Rules of Security of Information Systems, specifying the legal framework for the protection of bank data and their privacy. The next section involves the implementation of security policies within the company and record the necessary steps for the successful and effective implementation. Then are the results of the study presented and recommendations for optimization of this situation and avoiding future risks.

Non-standard Monetary Policy Instruments of Central Banks Abstract The aim of this study is to analyze non-standard monetary instruments of central banks and their impact on the example of concrete use of these instruments by the Czech National Bank and the European Central Bank. The first part of this study defines the essence, the implementors, the tasks, and the objectives of the monetary policy. Its tools are also disassembled, both standard and nonstandard. From non-standard instruments, closer attention is paid to the theoretical definition of quantitative easing, negative interest rates and long-term maintenance of the exchange rate commitment. I also deal with the legal anchor, organization, purpose, history, and concept of the monetary policy of two selected central banks, namely the CNB and the ECB. The next part of the study presents the concrete form of non-standard measures used by the CNB and the ECB, it deals with the specific reasons that the central banks led to their implementation, the objectives with which they were adopted and the impact these measures had on the Czech economy and the euro area. Based on the analysis, it is possible to confirm the tested hypothesis that the Czech National Bank and the European Central Bank have succeeded in meeting the objectives set before their...

My thesis concentrates on the problems of the banking fees of banks in Czech Republic and Germany. It aims to examine the bank fees from the bank customers{\crq} point of view, and witch regard to the importance of the bank{\crq}s profit formation by analyzing and comparing bank politics in the Czech Republic and Germany. This thesis consists of two parts: theoretical and practical one. The theoretical part focuses on analyzing different types of bank schemes, their advantages and disadvantages and various types of banks existing in the market, and also on the scope of integral rate license. Last but not least, it deals with the analysis of the new Basel II which supports the stability of the financial system and competitive environment. The theoretical part also informs about the structure of the bank system in Germany and the competence of various bank institutions. The practical part similarly concentrates on analyzing the level of costs and commissions in relation to pecuniary gain of banks in Czech Republic and Germany. It also compares the banks on the basis of various indicators, such as for example the total assets, capital assets, number of business opportunities and net profit. Besides, it contains the level and progression of various fees of specific services over the last years, the pricing of bank deals and also all sorts of surveys like the most ridiculous fee, the bank with the best provided service and the bank with the best arranged scale of charges. Apart from that, it looks into the consumers{\crq} awareness about tariff changes in Czech Republic as well as Germany and it also focuses on the rules of conduct that the banks agreed on in order to improve the quality of the services for their customers.

Submitted by Luciana Ferreira (lucgeral@gmail.com) on 2015-03-24T15:43:12Z No. of bitstreams: 2 Dissertação - Marisa Dorivê Antônio - 2014.pdf: 531710 bytes, checksum: 2a65d3affe8217667605678ad1abaec4 (MD5) license_rdf: 23148 bytes, checksum: 9da0b6dfac957114c6a7714714b86306 (MD5) / Approved for entry into archive by Luciana Ferreira (lucgeral@gmail.com) on 2015-03-24T15:49:06Z (GMT) No. of bitstreams: 2 Dissertação - Marisa Dorivê Antônio - 2014.pdf: 531710 bytes, checksum: 2a65d3affe8217667605678ad1abaec4 (MD5) license_rdf: 23148 bytes, checksum: 9da0b6dfac957114c6a7714714b86306 (MD5) / Made available in DSpace on 2015-03-24T15:49:38Z (GMT). No. of bitstreams: 2 Dissertação - Marisa Dorivê Antônio - 2014.pdf: 531710 bytes, checksum: 2a65d3affe8217667605678ad1abaec4 (MD5) license_rdf: 23148 bytes, checksum: 9da0b6dfac957114c6a7714714b86306 (MD5) Previous issue date: 2014-08-25 / This thesis aims to analyze the dynamics of the discourse of environmental policies of the National Bank for Economic and Social Development (BNDES), trying to study the "BNDES Atlantic Forest Initiative". The general theme of this research is "sustainable development", seen by BNDES performance in the market. This study adopts the perspective of Fligstein (2001), which is guided by the idea that the state is behind the expansion of markets, and through the creation of rules, laws, all this transform the market policy, and that the more laws, the greater the presence of the state and the greater the performance and availability of markets. Within this perspective, and studying Magalhães (2006), which linked to Fligstein perspective, this research shows that the Environment has their own speeches, besides reaching the sphere of finance, creates and expands new markets. / Esta dissertação se propõe a analisar a dinâmica dos discursos das políticas ambientais do Banco Nacional do Desenvolvimento Econômico e Social (BNDES), a partir da “Iniciativa BNDES Mata Atlântica”. O tema geral desta dissertação é o “desenvolvimento sustentável”, visto pela atuação do BNDES no mercado. Esse estudo adota a perspectiva de Fligstein (2001), a qual é pautada pela ideia de que o Estado está por trás da expansão dos mercados, e que através da criação de regras, leis, transforma o mercado em política, sendo que, quanto mais leis, maior é a presença do Estado e maior é a atuação e existência dos mercados. Dentro dessa perspectiva, enfocando Magalhães (2006), o qual aborda a questão ambiental atrelada a perspectiva de Fligstein, o estudo demonstra que o Meio Ambiente, juntamente com seus discursos, além de atingir a esfera das finanças, cria e expande novos mercados.

The topic of the final thesis is The Legal Status of the Czech National Bank and its Powers. Even though this topic is quite extensive, I have decided to focus on powers of the Czech National Bank with regards to the implementation of the directive establishing a framework for the recovery and resolution of credit institutions and investment firms. In order to fulfill the topic and understand properly the current legal status of the CNB, I included the history of the CNB as well. Based on it, I set forth its status in Czech law with regards to the organizational structure, goals, powers or activities. Subsequently, I addressed the BRRD itself. The CNB obtains new scope of powers with regards to the directive that shall solve the Too big to fail doctrine. This doctrine was highly reflected in politics during the financial crisis in 2008, which begun in the USA after the bubble on a real estate market burst and irresponsible activities of investment banks were disclosed. The investment banks undertook higher risk than they were able to manage. After the bubble burst, consequences of fall of some investment banks would have been more serious than amount of money that was actually needed for bail-out. In order to limit such consequences in future, the BRRD was prepared to tackle this issue. The BRRD...

The diploma thesis deals with the analysis of the most significant phases of the monetary policy of the Czech National Bank, including the analysis and evaluation of its effectiveness from its origin to the present. The thesis is divided into three individual parts. Each part corresponds to a specific transmission mechanism applied by the Czech National Bank while implementing the monetary policy. Each chapter includes the assessment of the effectiveness of individual approaches and the analysis of the impact of the monetary policy as well as the decision of the Czech National Bank on the Czech economy. The very first chapter is focused on the application of the monetary transmission mechanism in conditions of the fixed exchange rate during which an increasing internal as well as external disequilibrium led to the monetary crisis. The second chapter is dedicated to the transition to the inflation targeting, expert discussion concerning its implementation and the evaluation of the achieved results. The last chapter presents the use of the CNB's additional instrument of the monetary policy in the form of the exchange rate including the reasons that led to this step. The closing part of this chapter focuses on the evaluation of the effectiveness of this policy.