Srovnání nezávislosti centrálních bank zemí V4

Abstract

This thesis is focused on aspects of central bank independence that is essential for the proper performance of its function and it has not to be restricted by a government or other government authorities. The goal of this work is to compare de jure independence of central banks of the Visegrad´s Four countries in three different indexes (GMT index, Cukierman´s index and L – S index). The work contains a description of the origins and the development of central banking in the Visegrad´s Four countries. It also contains a definition of the central bank independence and its species. Also, there are methods for measuring degree of independence in the last chapter. Through these indexes, it has been found that all the observed central banks of the Visegrad Four are independent and the most independent is the Hungarian National Bank. The Czech National Bank and the National Bank of Poland are a little less independent. The National Bank of Slovakia is of the Visegrad´s Four countries at least independent central bank.