aggregates (broad and narrow money), foreign exchange reserves, inflation and interest rates. We found that after relatively …The article provides a general description of the world money development in both developed and developing countries … of neutrality and superneutrality of money in the light of GDP dynamics during monitored period and practical aspects of …

argue against the opinion that money in their cash form (i.e. notes and coins) will seize to exist within the horizon of …

migrations. One of this could be the exchange rate gap between currencies, which predictive worthiness is to be confirmed below. …

relation between the actual change in spot exchange rate and interest rate differential. Authors show the hypothesis of … uncovered interest rate parity is based on an ex ante view and that is the reason that the expected change in spot exchange rate …

central and commercial banking. We analyze the economic reasons for origination of the long foreign exchange position of the … ČNB which, under the circumstances of trend appreciation of the exchange rate of the Czech crown, is leading to a … cumulative loss. We are discussing whether the current level of foreign exchange reserves of the ČNB is excessive or adequate …

, existence of complementary goods and oligopoly structure of exports, and expected back reaction between exchange rate and …