Monetary policy of the Czech National Bank in connection with global financial crisis

This bachelor's thesis examines the monetary policy of the Czech National Bank in connection with the current financial crisis. The first chapter explains briefly the main causes of the crisis. The second chapter characterizes the central bank, its monetary policy, and instruments in general. It also describes the formation, functions and main monetary policy principles of the Czech National Bank. This chapter gives also brief information about the European Central Bank. The topics covered in the first two chapters provide theoretical fundation for the rest of the thesis. The third chapter analyses the monetary policy of the Czech National Bank during the crisis between 2008 and 2010 and also shortly examines the measures taken by the European Central Bank. The last part compares the monetary policies of both the central banks