The ECB was established during the third phase of the economic and monetary union and its activities launched on 1. 7. 1998. It has become a new independent institution whose primary task became the conduct of monetary policy for countries that have accepted the euro currency. This master thesis examines the impact of monetary policy of the euro area and its asymmetric effects. ECB affects individual national economies using its strategies and instruments. Using especially interest rates makes monetary policy expansive or restrictive. For every country, belonging to euro area, has this policy different implications. Although ECB attempts to implement monetary policy for every country equally, for some countries has a monetary policy asymmetric effect. Using the Taylor rule of monetary policy, we can find contradictory effects of monetary policy.
| Identifer | oai:union.ndltd.org:nusl.cz/oai:invenio.nusl.cz:194210 |
| Date | January 2012 |
| Creators | Kleštinec, Ivan |
| Contributors | Mandel, Martin, Houštecký, Martin |
| Publisher | Vysoká škola ekonomická v Praze |
| Source Sets | Czech ETDs |
| Language | Slovak |
| Detected Language | English |
| Type | info:eu-repo/semantics/masterThesis |
| Rights | info:eu-repo/semantics/restrictedAccess |
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