Monetary policy of The Czech National Bank between the years 1993 and 2008

This bachelor thesis deals with the characteristics of monetary policy of The Czech National Bank between the years 1993 and 2008. It describes the contents of monetary policy, its tools and mechanism. It analyses the development of monetary policy of The Czech National Bank, in particular the development of money stock and exchange rate. In the period of transformation of the Czech economy. It deals with reciprocal compatibility of laid out goals, a disharmony of these goals was one of the reasons for moving to new transmission mechanism of inflation targeting. It inquires into impacts of inflation targeting on the real inflation rate. It summarizes the effectivity of monetary policy of The Czech National Bank considering the laid out goals on the basis of found out facts