Kurzové manipulace a měnové války na příkladu Číny

The bachelor's thesis addresses the issue of currency manipulation, currency wars, and their impact on the international economic environment, illustrated by the example of China and the United States. After defining the concept of currency manipulation within exchange rate policies, it discusses the monetary policy tools that China could use within its own exchange rate system to achieve a competitive advantage in the global market environment. In addition, it distinguishes the concept of manipulation from monetary policy tools aimed at achieving economic stability or a chosen monetary policy goal and presents the development of Chinese exchange rate policy over the years. The analysis of selected macroeconomic indicators of China's current and financial account balance of payments identifies specific periods, based on selected data and the conclusions drawn from them, which are marked by indicators that currency manipulation of the domestic currency by China could have indeed occurred. The thesis strives to provide a comprehensive view of how exchange rate manipulation can affect both the domestic environment and international economic dynamics and balance.