About: Asset Prices and Monetary Policy in NEw EU Member States.

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rdf:type	skos:Concept http://linked.opendata.cz/ontology/domain/vavai/Vysledek
Description	The paper deals with the relationship between monetary policy and asset prices. Besides surveying recent general discussion, it attempts to extend it to recent developments in the new EU Member States (NMS), namely the Czech Republic, Hungary, Poland and Slovakia (the EU4). After a brief description of the current macroeconomic situation in the NMS, the appropriate reaction of monetary policy to asset price bubbles is dealt with and the main pros and cons associated with this reaction are summarized. Afterwards, the risks of asset market bubbles in the EU4 countries are evaluated. Since the capital markets are still underdeveloped and the real estate price boom seems to be a natural reaction to the initial undervaluation, the risks are viewed as relatively small. The conclusion is thus that it is crucial for central banks in mature economies as well as in the NMS to conduct their monetary policies as well as their supervisory and regulatory roles in a way that does not promote the build-up of asset ma The paper deals with the relationship between monetary policy and asset prices. Besides surveying recent general discussion, it attempts to extend it to recent developments in the new EU Member States (NMS), namely the Czech Republic, Hungary, Poland and Slovakia (the EU4). After a brief description of the current macroeconomic situation in the NMS, the appropriate reaction of monetary policy to asset price bubbles is dealt with and the main pros and cons associated with this reaction are summarized. Afterwards, the risks of asset market bubbles in the EU4 countries are evaluated. Since the capital markets are still underdeveloped and the real estate price boom seems to be a natural reaction to the initial undervaluation, the risks are viewed as relatively small. The conclusion is thus that it is crucial for central banks in mature economies as well as in the NMS to conduct their monetary policies as well as their supervisory and regulatory roles in a way that does not promote the build-up of asset ma (en)
Title	Asset Prices and Monetary Policy in NEw EU Member States. Asset Prices and Monetary Policy in NEw EU Member States. (en)
skos:prefLabel	Asset Prices and Monetary Policy in NEw EU Member States. Asset Prices and Monetary Policy in NEw EU Member States. (en)
skos:notation	RIV/61989100:27510/08:00018307!RIV10-MSM-27510___
http://linked.open...avai/riv/aktivita	P S
http://linked.open...avai/riv/aktivity	P(GA402/08/0067), S
http://linked.open...vai/riv/dodaniDat	2010
http://linked.open...aciTvurceVysledku	Frait, Jan Komárek, Luboš
http://linked.open.../riv/druhVysledku	C - Kapitola v knize
http://linked.open...iv/duvernostUdaju	S - Úplné a pravdivé údaje nepodléhající ochraně podle zvláštních právních předpisů
http://linked.open...titaPredkladatele	Vysoká škola báňská - Technická univerzita Ostrava / Ekonomická fakulta
http://linked.open...dnocenehoVysledku	357159
http://linked.open...ai/riv/idVysledku	RIV/61989100:27510/08:00018307
http://linked.open...riv/jazykVysledku	eng - angličtina
http://linked.open.../riv/klicovaSlova	Monetary Policy; Asset Markets; Central Banking; New EU Member States (en)
http://linked.open.../riv/klicoveSlovo	Central Banking New EU Member States Monetary Policy Asset Markets
http://linked.open...ontrolniKodProRIV	[D23882358814]
http://linked.open...i/riv/mistoVydani	Hyderabad
http://linked.open...i/riv/nazevZdroje	Central Banks - Roles, Functions and Challenges
http://linked.open...in/vavai/riv/obor	AH
http://linked.open...ichTvurcuVysledku	2 (xsd:int)
http://linked.open...v/pocetStranKnihy	296 (xsd:int)
http://linked.open...cetTvurcuVysledku	2 (xsd:int)
http://linked.open...vavai/riv/projekt	Financial Integration of the EU New Member States with Eurozone
http://linked.open...UplatneniVysledku	2008
http://linked.open...iv/tvurceVysledku	Frait, Jan Komárek, Luboš
number of pages	21 (xsd:int)
http://purl.org/ne...btex#hasPublisher	The ICFAI University Press
https://schema.org/isbn	978-81-314-2098-0
http://localhost/t...ganizacniJednotka	27510
is http://linked.open...avai/riv/vysledek of	Asset Prices and Monetary Policy in NEw EU Member States. Asset Prices and Monetary Policy in NEw EU Member States. Asset Prices and Monetary Policy in NEw EU Member States. Asset Prices and Monetary Policy in NEw EU Member States.

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