The management of banking system liquidity during financial crisis

The goal of this bachelor thesis is the analysis of the liquidity management of banking system by central banks with emphasis on the Federal Reserve System (Fed) and the European Central Bank (ECB). The first chapter deals with standard approach to the management of liquidity in the pre-crisis period. Two next chapters focuse on unconventional measures introduced by Fed and ECB in connection with the financial turmoil from 2007 to 2009, including causes that led to these measures. The conclusion is devoted to the comparison and the evaluation of the steps taken