Hynková, M. The eligibility of the CNB interventions in the foreign exchange mar-ket. Diploma thesis. Brno: Mendel University in Brno, 2018. This diploma thesis deals with the monetary policy of the Czech National Bank after the financial crisis. The monetary policy of the CNB is compared with doings of the Federal Reserve and the European Central Bank. Attention is paid to the monetary policy of the CNB and to the reasons why the CNB has provided inter-ventions on the foreign exchange market in order to depreciate the CZK/EUR ex-change rate. The diploma thesis described in detail foreign exchange interventi-ons, which the CNB acceded on November 7, 2013, and subsequently abandoned them on April 6, 2017. The CNB wanted to influence the impending deflationary development in the country, so the diploma thesis also deals with the consequen-ces caused by the use of this non-conventional tool. The work also evaluates the benefits and costs of foreign exchange interventions. The empirical part of the diploma thesis demonstrates the relationship of inflation and the exchange rate CZK/EUR. There is also an appreciation of factors influencing the development of inflation during the intervention period.

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...

The exchange rates of currencies of different countries show higher volatility than it could be explained by the volatility of the fundamental variables. There are introduced different models which try to describe the behavior of these exchange rates in this Diploma Thesis. Their comparison is made with respect to the ability to capture the volatility of the empirically observed data. The behavior of exchange rates may also be influenced by interventions of the state institutions and therefore we introduced models which allow the effect of such regulatory interventions. These models were applied on real data. The properties of the model predictions of exchange rates were compared and evaluated with respect to their ability to explain the volatility of the empirical data. At the summary of my work one of the models has been used to simulate the behavior of the exchange rate during the application of different intervention strategies of the Central Bank. Powered by TCPDF (www.tcpdf.org)

The subject of this diploma thesis is the characteristic of banks and its role in the economy of the Czech Republic, the introduction of core bank activities and products as well as analysis of significant bank products, such as building savings. The first part presents the functioning of bank system, the central bank and commercial banks. The second part deals with the principles of building savings, development and evaluation of the most important changes in building savings in the Czech Republic. In this thesis is also comparison of the building saving in Germany, Austria and the Slovak Republic, and there is outlined potential future development of building savings in the Czech Republic. The conclusion summarizes the most important findings about the role of banks with special focus on the analysis of building savings.

Money laundering and terrorist financing are serious problems that may not only disrupt the stability and reputation of financial institutions, but also affect a wide range of individuals. Therefore, this kind of conduct can be punished as a crime, including the active involvement of banks in money laundering. However, the diploma thesis focuses mainly on preventive measures introduced by the provisions of administrative law. The role of a well-functioning banking system is essential for the effective suppression of money laundering and financing of terrorism. Banks are the most frequent reporters of suspicious transactions and the bank services are used by wide range of persons. The role of banks is mainly determined by their designation as obliged entities by the Act no. 253/2008 Coll., on certain measures against the legalization of proceeds of crime and terrorist financing. The obligations arising out of this act are put into context with the Czech Banking Act and with regulations governing payments and implementation of international sanctions, including directly applicable laws of the European Union. The importance of the bank services is also caused by the regulation of cash payments. In connection with the activities of banks, the thesis reflects selected changes that will be introduced by...

/ Banking transactions and their legal regulation The aim of my diploma thesis is to analyse banking transactions and to inform about their substential elements, legislation in the Czech legal order and business conditions used by banks. I did not explain all the kinds of banking transactions conducted by banks in this diploma thesis due to their extensive range, but I just focused on the most important transactions in my point of view. The thesis is composed of four chapters, each of them dealing with different aspects of banking operations. Chapter One is introductory and defines basic facts about banks and legal conditions of their running activities. The chapter consists of three parts. Part One focuses on concept of banking transactions. Part Two investigates divisions of banking transactions and Part Three addresses the issues of bank as an entrepreneur. It also describes relevant legal regime necessary to obey to perform banking transactions and question of acquiring banking licence. Chapter Two is subdivided into two parts and provides explanation of active banking transactions. Part One illustrates single credits, which are subdivided into five parts focused on credit bureaus, residential and commercial mortgages, consumer credits, current account credits and discount credits. Part Two...

Relations of the Central bank to Commercial banks This thesis deals with the relations among the central bank and commercial banks laying emphasize on the situation in the Czech Republic. The aim of this thesis is to characterize and analyze relations among the Czech National Bank and commercial banks, to evaluate them and suggest possible legislative improvements to strengthen the stability of banking institutions and thus the entire economy. In the beginning of the thesis the basic terms are defined. Then the types of relations among the central bank and commercial banks are described. The thesis is due to the wide number of emerging relations among the central bank and commercial banks focused mainly on relations associated with entrance into the banking sector, on the proper functioning of banks and on the relations associated with their extinction. The main part of the thesis is logically divided into another three parts. The first part describes the mechanism of granting banking licenses and the possibility of foreign institutions's establishment in the Czech banking market. Huge attention is dedicated to the unique bank license concept. In the second part there are described the most important conditions that are necessary for the banking sector to run properly. Most of this section is...

The subject matter of this thesis is a treatise on legal regulation of bank activities. I have chosen this topic for its recency in a connection with global financial crisis and also in a connection with application of new European legislation in the field of bank regulation. Activities of banks belong among one of the most regulated market areas because eventual failures of banks are very dangerous not only for a functioning of the bank system but also for a huge amount of other subjects dependent on proper financial factoring. An importance of bank regulation is also given by a large amount of depositors who have their money deposited with the bank and who can lose their funds in the case of a failure of the bank unless the institutes of the financial safety net will provide compensation. Regulatory rules impact on banks already in the phase of their origin. There are strict conditions for an obtaining of the bank license from a reason of a prevention of an entry of unhealthy business subjects to bank market to avoid problems prior to their creation. An exit from bank market is also regulated in the form of a different legal regulation of insolvency and liquidation of the bank. The thesis is divided into eleven chapters which are divided into several subsequent subchapters. The thesis starts with...

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)

59 Abstract Applicatin of MiFID directive on activities in universal bank MiFID or Markets on financial instruments Directive, is extensive and key European financial market regulation. Introduced into the laws of all the Member States many new applications and employed a large number of companies. The content of this work is to first clarify the concept of a universal bank, the bank and the reason why the Directive applies to them. Furthermore, analysis of specific activities and procedures, which are due to the introduction of the Directive into law occurred mainly by retail investors, the current clients of universal bank. Most attention is devoted to investor protection, mainly test the approprietness and suitability, performance instructions for the customer. The following chapter is devoted to issues of organizational changes, the new rules required. Part of the text is devoted to the transposition process in individual countries and especially in the Czech Republic. Another chapter is concerned with problems that frequently appear in the application and in the last chapter outlines recent developments, particularly in the new draft directive, revising MiFID after almost five years of operation, which is just being born on the soil of the European Union. The conclusion is the finding that changes in...