Použití durace při řízení úrokového rizika

This bachelor thesis deals with the issue of duration and its use in managing interest rate risk. In the first part, the emphasis is on the definition of terms directly related to the topic, and then on the definition of duration itself. Individual durations are then taken apart including their comparisons. The second part focuses on the specific use of duration in interest rate risk management processes such as immunization, convexity, and access to hedgingu through duration. In the third and final part, the whole process of management is discussed in a case study.