L'influence de la politique monétaire sur les investissements des entreprises slovaques dans la perspective de l'adhésion à l'Union économique et monétaire

Abstract : The purpose of this thesis is to identify the influence of the Slovak monetary policy on investments of the Slovak enterprises during preparation to join the European Monetary Union (EMU). Firstly, we identify the effects of the three factors affecting the development of the Slovak monetary policy : the legacy of the monetary policy in former Czechoslovakia, the economic transition and the European integration. Then we present the theoretical background of our analysis. Afterwards, we analyse the Slovak enterprises' investment determinants at the aggregate level, as well as at level of enterprises. The individual data of Slovak enterprises are used. The results show that the interest rate channel is very strong, while the credit channel does not seem to have a strong effect on the investments. Finally, we review the perspective of joining the EMU. It seems that asymmetry concerning the effects of monetary policy on investment can increase when Slovakia will join the EMU.
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Theses
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http://docnum.univ-lorraine.fr/prive/NANCY2/doc286/2007NAN20009.pdf
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Submitted on : Tuesday, April 24, 2018 - 4:17:52 PM
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Zaneta Lacova. L'influence de la politique monétaire sur les investissements des entreprises slovaques dans la perspective de l'adhésion à l'Union économique et monétaire. Economies et finances. Université Nancy 2, 2007. Français. ⟨NNT : 2007NAN20009⟩. ⟨tel-01777330⟩

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