Vliv měnové politiky na tržní sentiment v době krize

The aim of this work is to investigate the real impact of monetary policies on market sentiment. This work deals with the analysis of monetary policy of central banks of selected countries and focuses on the actions taken by central banks in the years 2008 to 2012, as a response to the global economic crisis. This work defines the global economic crisis as the financial and debt crisis, whose origin is associated with the collapse of U.S. bank Lehman Brothers in 2008 as a reaction to the collapse of the U.S. real estate market. In the theoretical part is defined monetary policy, monetary policy objectives and monetary instruments used. In the practical part of the thesis describes the monetary measures taken by the Czech National Bank and the European Central Bank, as well as a brief description of the two central banks. In the last part of the thesis is examined the impact of adopted measures on market sentiment.