Dopad záporných úrokových sazeb na výkonnost vybraných centrálních bank v letech 2002 -- 2020

The diploma thesis deals with current issues of negative interest rates in order to analyze their impact on performance, i.e. profit or loss, Danish, European, Swiss, Swedish, Norwegian, Japanese and Hungarian central banks for the period 2002-2020. The primary source of data used to evaluate the hypothesis and create time series are the financial statements of selected central banks. The work thus addresses and develops the area of central bank management, which is given little attention in the literature. The results of the research confirm the established hypothesis. However, the performance of central banks in the event of the implementation of a negative interest rate is significantly affected by the structure of assets and liabilities together with the structure of income and expenses. Thus, the overall positive impact on the performance of central banks cannot be unified in advance.