Analysis of monetary strategy CNB from 1989 to the present

The target of this bachelor thesis is to analyze monetary strategy of Czech national bank since 1989 to the present, deal with decisions of central bank in monetary policy in important periods. This theme is selected with regard on current financial situation in European Union and independence of Czech national bank in deciding about monetary policy. In theoretical part of this thesis will be described how monetary instruments works and what functions and targets have monetary policy of Czech national bank. In practical part will be analyzed progress of central bank from its beginning to the present. The main focus will be placed on break-even periods for our banking sector. The result of this analysis will evaluation of success Czech national bank's monetary targets since 1989 and comparison of positives and negatives with entry to European Monetary Union