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Financování státního dluhu České republiky: příčiny a rizika aktuální situace na dluhopisových trzích / The Czech Republic's Debt Financing: Causes and Risks of the Current Situation on the Bond Markets

This thesis is focused on the comparison of methods of financing budget deficits and national debt management in the Czech Republic with other OECD countries in the context of the current situation on the global financial market. The first part describes the methods of financing budget deficits in the Czech Republic which are compared with selected OECD countries. The second part is aimed at the impact of foreign exchange interventions of the Czech National Bank on the domestic bond market and it is compared with negative interest rates policy. The last part analyses the impact of the Public Sector Purchase Programme on the Czech Republic's bond market. The thesis implies that besides other factors, foreign exchange intervention of the Czech National Bank have an impact on the current situation on the bond market. While the impact of the programme PSPP has not yet proved.

Identiferoai:union.ndltd.org:nusl.cz/oai:invenio.nusl.cz:264382
Date January 2015
CreatorsŠvadleňák, Michal
ContributorsPavelek, Petr, Pekárek, Štěpán
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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