This thesis examines the sensitivity of bank interest rates to changes in in-terest rates CNB's monetary policy in the context of interest rate transmission mechanism. For this reason, emphasis was focused on the functioning of a basic form of transmission mechanism and theoretical approaches to economic trends . Further determinants of bank interest rates were indetified and further described the issue of heterogeneity in the transmission of interest rates. In the practical part the author of the work focused on examining the sensitivity with which bank in adjusting their interest rates on newly granted mortgage loans to changes in short-term interest rates in the interbank market. The observed heterogeneity was further examined in relation to the factors of concentration, market power, liquidity, capital adequacy and credit risks that have been identified on the basis of empirical studies Sorenson and Werner (2006 ). With the help of correlation analysis it was concluded that banks react heterogeneous manner even within homogeneous groups where banks have a large degree of simi-larity.
| Identifer | oai:union.ndltd.org:nusl.cz/oai:invenio.nusl.cz:176983 |
| Date | January 2014 |
| Creators | Herbrych, Martin |
| Source Sets | Czech ETDs |
| Language | Czech |
| Detected Language | English |
| Type | info:eu-repo/semantics/masterThesis |
| Rights | info:eu-repo/semantics/restrictedAccess |
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