Foreign exchange market and bank interventions

Alexander Dildin

Diplomová práce

Abstract:

The goal of this master thesis is evaluation of bank interventions in the foreign exchange market. In other words, to find and evaluate cases in the history of the foreign exchange market when a particular currency rate was affected by the actions of the Central Bank of one or another country.The thesis is divided into two parts. Firstly, the theoretical section introduces and defines the basic terms about the foreign exchange market and mechanisms of influence on the currency exchange rate by Central Banks, the importance and the meaning of the foreign exchange market and the currency exchange rate in particular. Market participants and the terminology that was considered in first part are used in the analysis in second part of the work.The second, the practical section provides practical examples of Bank interventions and characterize them by the evaluation of these interventions using fundamental and technical analysis. The aim of this section is firstly to find out whether today's Bank interventions into the Forex market are significant, secondly to compare them between each other and at third to evaluate impact from these interventions on currency pairs and whole foreign exchange market.

Keywords

forex, foreign exchange market, forex instruments and mechanisms, forex rates, central bank intervention

Jazyk práce: angličtina

Datum vytvoření / odevzdání či podání práce: 11. 4. 2016

Obhajoba závěrečné práce

• Vedoucí: Ing. Petr Procházka, MSc Ph.D.

Česká zemědělská univerzita v Praze

Provozně ekonomická fakulta

Magisterský studijní program / obor:
Economics Policy and Administration / Business Administration