Vliv měnové politiky na přeshraniční ekonomické aktivity podniků

This thesis titled The impact of monetary policy on cross-border economic activities of enterprises focuses on the monetary policy of four European countries - the Czech Republic, Slovakia, Denmark and Sweden. The first chapter discusses the theoretical principles of monetary policy, the definition of monetary policy, its objectives, tools and various types of transmission mechanisms. The second chapter compares monetary policies of the given countries, focusing on their attitude towards the common monetary union (euro zone). The third chapter analyzes the impact of monetary policy on cross-border economic activities of enterprises. It primarily analyzes effects in terms of risks, balance of payments, competitiveness, etc. The fourth chapter -- in form of case study - examines how the foreign exchange interventions by the Czech National Bank affected the Czech economy and trade. The work focuses on the last five years, where appropriate, the development of the past ten years is captured.