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Monetární politika americké centrální banky a reakce amerických akciových trhů v období po finanční krizi 2008 / Monetary policy of Federal reserve system and the reaction of American stock markets during financial crisis in 2008

The main aim of this final thesis is to analyze unconventional monetary policy of American central bank, which has been implemented during financial crisis in 2008. Fed used extremely accommodative monetary policy to restore interbank liquidity and to stimulate the real economy. In theoretical part of this thesis is examined the liquidity trap. The thesis describes transmission mechanism of transferring Fed measures to financial markets and real economy as well. Practical part of the thesis analyzes further steps of Federal reserve system, which have been implemented when key interest rates have already been lowered near the zero bound. The thesis is finished by the evaluation of these steps of American monetary authority and behavior of US stock market, which has been directly stimulated and is currently reaching its all-time highs.

Identiferoai:union.ndltd.org:nusl.cz/oai:invenio.nusl.cz:193527
Date January 2014
CreatorsNovotný, Martin
ContributorsTitze, Miroslav, Zamrazilová, Eva
PublisherVysoká škola ekonomická v Praze
Source SetsCzech ETDs
LanguageCzech
Detected LanguageEnglish
Typeinfo:eu-repo/semantics/masterThesis
Rightsinfo:eu-repo/semantics/restrictedAccess

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