Impact of Capital Inflows into the Czech Republic and Policy Responses

It is evident that the volume of capital inflows in the Czech Republic has had seriously monetary consequences. As shown in the section 2 net foreign assets accounted for most of the growth in the money supply in the Czech Republic during 1993 and 1994. Inflationary effects of capital inflows depend on whether capital inflows are driven by the money demand or by the money supply. The inflows driven by a rightward shift in the money demand function are not likely to result in inflation, while a shift in the money, supply function, caused perhaps by institutional change and greater availability of foreign funds, is likely to put pressure on prices. Empirical investigation of the supply and demand effects attempted to confirm the existence of the supply of money supply function in the Czech Republic. The application of appropriate econometric analysis in the turbulent period of 1992 - 1994 was somewhat problematic.

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Central bank missteps are Emerging Europe's main risk

Emerald Expert Briefings ◽

10.1108/oxan-db224693 ◽

2017 ◽

Keyword(s):

Czech Republic ◽

Capital Inflows ◽

Bond Yields ◽

Monetary Policies ◽

Government Bonds ◽

The Czech Republic ◽

Content Type ◽

International Investors ◽

Global Stock Markets ◽

Equity Index

Subject The implications of a sharp rise in foreign holdings of local currency-denominated government bonds in Emerging Europe. Significance A surge in capital inflows into the Czech Republic and Turkey is increasing the scope for a disorderly sell-off in financial markets, as both the US Federal Reserve (Fed) and the ECB begin simultaneously withdrawing monetary stimulus. While international investors’ appetite for higher-yielding assets remains strong because of low (or in some cases negative) bond yields in advanced economies, emerging markets (EM) are still vulnerable to the removal of stimulus by the Fed and the ECB. Impacts Global stock markets are at record highs: the rally in the S&P 500 equity index is now the second-strongest bull run in US history. Price pressures in Central Europe, particularly core inflation, will be subdued, except in the Czech Republic. This will allow central banks to maintain loose monetary policies which in turn will support regional bond markets.

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Public policy responses to the spread of COVID-19 as a potential factor determining health results: a comparative study of the Czech Republic, the Russian Federation, and the Slovak Republic

Central European Journal of Public Policy ◽

10.2478/cejpp-2020-0008 ◽

2020 ◽

Vol 14 (2) ◽

pp. 60-70

Author(s):

Tatiana Chubarova ◽

Ivan Maly ◽

Juraj Nemec

Keyword(s):

Public Policy ◽

Czech Republic ◽

Russian Federation ◽

Slovak Republic ◽

Public Policies ◽

Critical Factors ◽

The Czech Republic ◽

Policy Responses ◽

The Russian Federation ◽

National Governments

AbstractThe goal of this paper is to identify critical factors in success/failure of public policies focusing on fighting the spread of COVID-19 pandemic using a sample of three countries from Central and Eastern Europe with different results regarding COVID-19 morbidity and mortality rates, namely the Czech Republic, the Russian Federation, and the Slovak Republic. Based on comprehensive literature review, three independent variables were worked out: the scope/scale of public policy anti-pandemic interventions, the timing of public policy interventions, and the success of public policies in motivating compliance with anti-pandemic measures. Taking into account the similarity of measures introduced by national governments, the results suggest that the timing of public policy responses and success in motivating compliance may be critical factors in containing the pandemic.

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