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Residents and Non-residents Response to the Widening of the Exchange Rate Fluctuation Range of CZK

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Author Info

  • Josef Jílek
  • Jiřina Jílková
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    Abstract

    The biggest change in a foreign exchange inter-banks market during the first part of 1996 was an announcement of ČNB about widening of the exchange rate fluctuation range of CZK toward DEM and USD from 0,5 % to 7,5 %. The aim of text is clarification of reaction residents and non-residents on the widening of the exchange rate fluctuation range of CZK on base of ČNB fixing exchange rate and position of banking framework towards residents and non-residents. The behaviour of residents and non-residents was a reaction on possible change of exchange rate CZK towards a group of currency in future nay on real change.

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    Bibliographic Info

    Article provided by University of Economics, Prague in its journal Politická ekonomie.

    Volume (Year): 1997 (1997)
    Issue (Month): 3 ()
    Pages: 390-400

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    Handle: RePEc:prg:jnlpol:v:1997:y:1997:i:3:id:284:p:390-400

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