natgillin/translations-raw huggingface dataset:
438 « Quality of public finances and growth » by A. Afonso , W. Ebert , L. Schuknecht and M. Thöne , February 2005 .
438 « Quality of public finances and growth » by A. Afonso , W. Ebert , L. Schuknecht and M. Thöne , February 2005 .
439 « A look at intraday frictions in the euro area overnight deposit market » by V. Brousseau and A. Manzanares , February 2005 .
439 « A look at intraday frictions in the euro area overnight deposit market » by V. Brousseau and A. Manzanares , February 2005 .
440 « Estimating and analysing currency options implied risk-neutral density functions for the largest new EU member states » by O. Castrén , February 2005 .
440 « Estimating and analysing currency options » implied risk-neutral density functions for the largest new EU Member States » by O. Castrén , February 2005 .
441 « The Phillips curve and long-term unemployment » by R. Llaudes , February 2005 .
441 « The Phillips curve and long-term unemployment » by R. Llaudes , February 2005 .
442 « Why do financial systems differ ?
442 « Why do financial systems differ ?
History matters » by C. Monnet and E. Quintin , February 2005 .
History matters » by C. Monnet and E. Quintin , February 2005 .
ECB Výroční zpráva 2004
ECB Annual Report 2004 213
443 « Explaining cross-border large-value payment flows : evidence from TARGET and EURO 1 data » by S. Rosati and S. Secola , February 2005 .
443 « Explaining cross-border large-value payment flows : evidence from TARGET and EURO 1 data » by S. Rosati and S. Secola , February 2005 .
444 « Keeping up with the Joneses , reference dependence , and equilibrium indeterminacy » by L. Stracca and A. al-Nowaihi , February 2005 .
444 « Keeping up with the Joneses , reference dependence , and equilibrium indeterminacy » by L. Stracca and A. al-Nowaihi , February 2005 .
445 « Welfare implications of joining a common currency » by M. Ca' Zorzi , R. A. De Santis and F. Zampolli , February 2005 .
445 « Welfare implications of joining a common currency » by M. Ca' Zorzi , R. A. De Santis and F. Zampolli , February 2005 .
446 « Trade effects of the euro : evidence from sectoral data » by R. E. Baldwin , F. Skudelny and D. Taglioni , February 2005 .
446 « Trade effects of the euro : evidence from sectoral data » by R. E. Baldwin , F. Skudelny and D. Taglioni , February 2005 .
447 « Foreign exchange option and returns based correlation forecasts : evaluation and two applications » by O. Castrén and S. Mazzotta , February 2005 .
447 « Foreign exchange option and returns-based correlation forecasts : evaluation and two applications » by O. Castrén and S. Mazzotta , February 2005 .
OSTATNÍ PUBLIKACE « Assessment of accession countries » securities settlement systems against the standards for the use of EU securities settlement systems in Eurosystem credit operations » , January 2004 .
OTHER PUBLICATIONS « Assessment of accession countries » securities settlement systems against the standards for the use of EU securities settlement systems in Eurosystem credit operations » , January 2004 .
« The monetary policy of the ECB » , January 2004 .
« The monetary policy of the ECB » , January 2004 .
« The implementation of monetary policy in the euro area : General documentation on Eurosystem monetary policy instruments and procedures » , February 2004 .
« The implementation of monetary policy in the euro area : General documentation on Eurosystem monetary policy instruments and procedures » , February 2004 .
« Guidance notes on the MFI balance sheet statistics relating to EU enlargement as laid down in Regulation ECB / 2003/10 » , February 2004 .
« Guidance notes on the MFI balance sheet statistics relating to EU enlargement as laid down in Regulation ECB / 2003/10 » , February 2004 .
« Comments on the communication from the Commission to the Council and the European Parliament concerning a new legal framework for payments in the internal market ( consultative document ) » , February 2004 .
« Comments on the communication from the Commission to the Council and the European Parliament concerning a new legal framework for payments in the internal market ( consultative document ) » , February 2004 .
« Foreign direct investment task force report » , March 2004 .
« Foreign direct investment task force report » , March 2004 .
« External evaluation of the economic research activities of the European Central Bank » , April 2004 .
« External evaluation of the economic research activities of the European Central Bank » , April 2004 .
« Payment and securities settlement systems in the accession countries -- Addendum incorporating 2002 figures » ( Blue Book , April 2004 ) , April 2004 .
« Payment and securities settlement systems in the accession countries -- Addendum incorporating 2002 figures » (" Blue Book ") , April 2004 .
« Payment and securities settlement systems in the European Union -- Addendum incorporating 2002 figures » ( Blue Book , April 2004 ) , April 2004 .
« Payment and securities settlement systems in the European Union -- Addendum incorporating 2002 figures » (" Blue Book ") , April 2004 .
« TARGET compensation claim form » , April 2004 .
« TARGET compensation claim form » , April 2004 .
« Letter from the ECB President to the President of the Council of the European Union : negotiations on the draft Treaty establishing a Constitution for Europe » , April 2004 .
« Letter from the ECB President to the President of the Council of the European Union : negotiations on the draft Treaty establishing a Constitution for Europe » , April 2004 .
« The use of central bank money for settling securities transactions » , May 2004 .
« The use of central bank money for settling securities transactions » , May 2004 .
« TARGET Annual Report 2003 » , May 2004 .
« TARGET Annual Report 2003 » , May 2004 .
« Assessment of euro large-value payment systems against the Core Principles » , May 2004 .
« Assessment of euro large-value payment systems against the Core Principles » , May 2004 .
« Credit risk transfer by EU banks : activities , risks and risk management » , May 2004 .
« Credit risk transfer by EU banks : activities , risks and risk management » , May 2004 .
« Risk management for Central Bank Foreign Reserves » , May 2004 .
« Risk management for central bank foreign reserves » , May 2004 .
« Comparison of household saving ratios , euro area / United States / Japan » , June 2004 .
« Comparison of household saving ratios , euro area / United States / Japan » , June 2004 .
« The development of statistics for Economic and Monetary Union » , July 2004 .
« The development of statistics for Economic and Monetary Union » by P. Bull , July 2004 .
« ECB staff macroeconomic projections for the euro area » , September 2004 .
« ECB staff macroeconomic projections for the euro area » , September 2004 .
« Letter from the ECB President to the Chairman of International Accounting Standards Board of 6 September 2004 : exposure draft of proposed amendments to IAS 39 -- the fair value option » , September 2004 .
« Letter from the ECB President to the Chairman of the International Accounting Standards Board of 6 September 2004 : Exposure draft of proposed amendments to IAS 39 -- the fair value option » , September 2004 .
« Institutional provisions : Statute of the ESCB and of the ECB .
« Institutional provisions : Statute of the ESCB and of the ECB ;
Rules of procedure » , October 2004 .
Rules of Procedure » , October 2004 .
« Convergence Report 2004 » , October 2004 .
« Convergence Report 2004 » , October 2004 .
« Standards for securities clearing and settlement in the European Union » , October 2004 .
« Standards for securities clearing and settlement in the European Union » , October 2004 .
« The European Central Bank -- History , role and functions » , October 2004 .
« The European Central Bank -- History , role and functions » , October 2004 .
« E-payments without frontiers » , October 2004 .
« E-payments without frontiers » , October 2004 .
« European Union balance of payments / international investment position statistical methods » , November 2004 .
« European Union balance of payments / international investment position statistical methods » , November 2004 .
« Bond markets and long-term interest rates in non-euro area Member States of the European Union and in accession countries » , November 2004 .
« Bond markets and long-term interest rates in non-euro area Member States of the European Union and in accession countries » , November 2004 .
« Report on EU banking structure 2004 » , November 2004 .
« Report on EU banking structure 2004 » , November 2004 .
« EU banking sector stability 2004 » , November 2004 .
« EU banking sector stability 2004 » , November 2004 .
« Letter from the ECB President to the President of the European Parlament » , November 2004 .
« Letter from the ECB President to the President of the European Parliament » , November 2004 .
« Letter from the ECB President to Mr Paolo Cirino Pomicino , Member of the Committee on Economic and Monetary Affairs » , November 2004 .
« Letter from the ECB President to Mr Paolo Cirino Pomicino , Member of the Committee on Economic and Monetary Affairs » , November 2004 .
« Eurosystem staff macroeconomic projections for the euro area » , December 2004 .
« Eurosystem staff macroeconomic projections for the euro area » , December 2004 .
« Towards a single euro payments area -- third progress report » , December 2004 .
« Towards a single euro payments area -- third progress report » , December 2004 .
« The euro bond market study 2004 » , December 2004 .
« The euro bond market study 2004 » , December 2004 .
« Financial Stability Review » , December 2004 .
« Financial Stability Review » , December 2004 .
« Review of the requirements in the field of general economic statistics » , December 2004 .
« Review of the requirements in the field of general economic statistics » , December 2004 .
« Research network on capital markets and financial integration in Europe -- results and experience after two years » , December 2004 .
« Research network on capital markets and financial integration in Europe -- results and experience after two years » , December 2004 .
« Recycling of euro banknotes : framework for the detection of counterfuits and fitness sorting by credit institutions and other professional cash handlers » , January 2005 .
« Recycling of euro banknotes : framework for the detection of counterfeits and fitness sorting by credit institutions and other professional cash handlers » , January 2005 .
« Review of the international role of the euro » , January 2005 .
« Review of the international role of the euro » , January 2005 .
« Euro area balance of payments and international investment position statistics . Annual quality report » , January 2005 .
« Euro area balance of payments and international investment position statistics -- Annual quality report » , January 2005 .
« Banking srtuctures in the new EU Member States » , January 2005 .
« Banking structures in the new EU Member States » , January 2005 .
« Progress report on TARGET2 » , February 2005 .
« Progress report on TARGET2 » , February 2005 .
« The implementation of monetary policy in the euro area : General documentation on Eurosystem monetary policy instruments and procedures » , February 2005 .
« The implementation of monetary policy in the euro area : General documentation on Eurosystem monetary policy instruments and procedures » , February 2005 .
« Review of the application of the Lamfalussy framework to EU securities markets legislation » , February 2005 .
« Review of the application of the Lamfalussy framework to EU securities markets legislation » , February 2005 .
« Payment and securities settlement systems in the European Union -- Addendum incorporating 2003 figures » (" Blue Book ") , February 2005 .
« Payment and securities settlement systems in the European Union -- Addendum incorporating 2003 figures » (" Blue Book ") , February 2005 .
INFORMAČNÍ BROŽURY « Information guide for credit institutions using TARGET » , July 2003 .
INFORMATION BROCHURES « Information guide for credit institutions using TARGET » , July 2003 .
« TARGET2 -- the future TARGET system » , September 2004 .
« TARGET2 -- the future TARGET system » , September 2004 .
« TARGET -- the current system » , September 2004 .
« TARGET -- the current system » , September 2004 .
ECB Výroční zpráva 2004
ECB Annual Report 2004 215
1 . 2004 Rada guvernérů ECB rozhodla , že základní nabídková sazba pro hlavní refinanční operace a úrokové sazby pro marginální zápůjční a depozitní facilitu zůstanou nezměněny na úrovni 2,0 %, 3,0 % a 1,0 %.
C H R O N O L O G Y O F M O N E TA R Y P O L I C Y MEASURES OF THE EUROSYSTEM1 8 JANUARY 2004 The Governing Council of the ECB decides that the minimum bid rate on the main refinancing operations and the interest rates on the marginal lending facility and the deposit facility will remain unchanged at 2.0% , 3.0% and 1.0% respectively .
2004 , 13.1 . 2005 Rada guvernérů ECB rozhodla , že základní nabídková sazba pro hlavní refinanční operace a úrokové sazby pro marginální zápůjční a depozitní facilitu zůstanou nezměněny na úrovni 2,0 %, 3,0 % a 1,0 %.
1 APRIL , 6 MAY , 3 JUNE , 1 JULY , 5 AUGUST , 2 SEPTEMBER , 7 OCTOBER , 4 NOVEMBER , 2 DECEMBER 2004 AND 13 JANUARY 2005 The Governing Council of the ECB decides that the minimum bid rate on the main refinancing operations and the interest rates on the marginal lending facility and the deposit facility will remain unchanged at 2.0% , 3.0% and 1.0% respectively .
2005 Rada guvernérů ECB rozhodla zvýšit částku přidělenou pro každou dlouhodobější refinanční operaci , která bude provedena v roce 2004 , z 15 miliard EUR na 25 miliard EUR .
12 JANUARY 2004 The Governing Council of the ECB decides to increase the allotment amount for each of the longer-term refinancing operations to be conducted in 2004 from Euros 15 billion to Euros 25 billion .
Tato zvýšená částka bere v úvahu vyšší poptávku po likviditě bankovního systému v eurozóně předpokládanou pro rok 2004 .
This increased amount takes into consideration the higher liquidity needs of the euro area banking system anticipated for 2004 .
Eurosystém bude však nadále zajišťovat likviditu většinou prostřednictvím hlavních refinančních operací .
The Eurosystem will , however , continue to provide the bulk of liquidity through its main refinancing operations .
Rada guvernérů může rozhodnout , že přidělovanou částku opět upraví na začátku roku 2005 .
The Governing Council may decide to adjust the allotment amount again at the beginning of 2005 .
Rada guvernérů ECB rozhodla zvýšit částku přidělenou pro každou dlouhodobější refinanční operaci , která bude provedena v roce 2005 , z 25 miliard EUR na 30 miliard EUR .
14 JANUARY 2005 The Governing Council of the ECB decides to increase the allotment amount for each of the longer-term refinancing operations to be conducted in 2005 from Euros 25 billion to Euros 30 billion .
Tato zvýšená částka bere v úvahu vyšší poptávku po likviditě bankovního systému v eurozóně předpokládanou pro rok 2005 .
This increased amount takes into consideration the higher liquidity needs of the euro area banking system anticipated for 2005 .
Eurosystém však nadále bude zajišťovat většinu likvidity prostřednictvím hlavních refinančních operací .
The Eurosystem will , however , continue to provide the bulk of liquidity through its main refinancing operations .
Rada guvernérů může rozhodnout , že přidělovanou částku opět upraví na začátku roku 2006 .
The Governing Council may decide to adjust the allotment amount again at the beginning of 2006 .
3 . 2005 Rada guvernérů ECB rozhodla , že základní nabídková sazba pro hlavní refinanční operace a úrokové sazby pro marginální zápůjční a depozitní facilitu zůstanou nezměněny na úrovni 2,0 %, 3,0 % a 1,0 %.
5 FEBRUARY , 4 MARCH 2004 The Governing Council of the ECB decides that the minimum bid rate on the main refinancing operations and the interest rates on the marginal lending facility and the deposit facility will remain unchanged at 2.0% , 3.0% and 1.0% respectively .
Rada guvernérů ECB rozhodla , že základní nabídková sazba pro hlavní refinanční operace a úrokové sazby pro marginální zápůjční a depozitní facilitu zůstanou nezměněny na úrovni 2,0 %, 3,0 % a 1,0 %. 10 .
3 FEBRUARY , 3 MARCH 2005 The Governing Council of the ECB decides that the minimum bid rate on the main refinancing operations and the interest rates on the marginal lending facility and the deposit facility will remain unchanged at 2.0% , 3.0% and 1.0% respectively .
2004 V souladu s rozhodnutím Rady guvernérů z 23 . ledna 2003 se doba splatnosti hlavních refinančních operací Eurosystému zkracuje ze dvou týdnů na jeden týden a začátek udržovacího období pro povinné minimální rezervy Eurosystému se redefinuje na den vypořádání hlavní refinanční operace následující po zasedání Rady guvernérů , na kterém je předem naplánováno měsíční hodnocení měnověpolitické orientace , a nikoli 24 .
10 MARCH 2004 In accordance with the Governing Council 's decision of 23 January 2003 , the maturity of the Eurosystem 's main refinancing operations is reduced from two weeks to one week and the maintenance period for the Eurosystem 's required reserve system is redefined to start on the settlement day of the main refinancing operation following the Governing Council meeting at which the monthly assessment of the monetary policy
1 Chronologie měnověpolitických opatření Eurosystému v letech 1999 až 2003 je k dispozici na s. 176 -- 179 Výroční zprávy ECB za rok 1999 , s. 205 -- 208 Výroční zprávy ECB za rok 2000 , s. 219 -- 220 Výroční zprávy ECB za rok 2001 , s. 234 -- 235 Výroční zprávy ECB za rok 2002 a s. 217 -- 218 Výroční zprávy ECB za rok 2003 .
1 The chronology of monetary policy measures of the Eurosystem taken between 1999 and 2003 can be found on pages 176 to 180 of the ECB 's Annual Report 1999 , on pages 205 to 208 of the ECB 's Annual Report 2000 , on pages 219 and 220 of the ECB 's Annual Report 2001 , on pages 234 and 235 of the ECB 's Annual Report 2002 and on pages 217 and 218 of the ECB 's Annual Report 2003 respectively .
ECB Výroční zpráva 2004
ECB Annual Report 2004 217
GLOSÁŘ Tento glosář obsahuje vybrané termíny použité ve Výroční zprávě . Obsáhlejší a podrobnější glosář je k dispozici na internetových stránkách ECB .
A more comprehensive and detailed glossary can be found on the ECB 's website . Acceding countries : refers to those ten countries which signed the EU Accession Treaty in 2003 before they joined the EU on 1 May 2004 : the Czech Republic , Estonia , Cyprus , Latvia , Lithuania , Hungary , Malta , Poland , Slovenia and Slovakia .
Akcie : cenné papíry , které představují vlastnictví podílu v podniku .
Balance of payments ( b.o.p. ) : a statistical statement that summarises , for a specific time period , the economic transactions of an economy with the rest of the world . The transactions considered are those involving goods , services and income ;
Zahrnují akcie obchodované na burzách cenných papírů ( kotované akcie ) , nekotované akcie a další formy akcií .
those involving financial claims on , and liabilities to , the rest of the world ; and those ( such as debt forgiveness ) that are classified as transfers .
Akcie jsou obvykle zdrojem příjmů v podobě dividend . Akciový trh : trh , kde se emitují a obchodují akcie .
Benchmark portfolio : in relation to investments , a reference portfolio or index constructed on the basis of the objectives for the liquidity and risk of , as well as the return on , the investments . The benchmark portfolio serves as a basis for comparison of the performance of the actual portfolio .
Cenová stabilita : udržování cenové stability je hlavním cílem Eurosystému .
Central counterparty : an entity that interposes itself between the counterparties to trades , acting as the buyer to every seller and the seller to every buyer .
Rada guvernérů definuje cenovou stabilitu jako meziroční zvýšení harmonizovaného indexu spotřebitelských cen ( HICP ) pro eurozónu o méně než 2 %.
Central government : the government as defined in the European System of Accounts 1995 but excluding regional and local governments ( see also general government ) .
Rada guvernérů dala také zřetelně najevo , že pro účely cenové stability hodlá udržet míru inflace ve střednědobém horizontu těsně pod 2 %.
In addition to the safekeeping and administration of securities , a CSD may incorporate clearing and settlement functions . Collateral : assets pledged ( e.g. by credit institutions with central banks ) as a guarantee for the repayment of loans , as well as assets sold ( e.g. to central banks by credit institutions ) under repurchase agreements .
Čistá zahraniční aktiva MFI : zahrnují zahraniční aktiva MFI eurozóny ( např .
Consolidated balance sheet of the MFI sector : a balance sheet obtained by netting out interMFI positions ( e.g. inter-MFI loans and deposits ) in the aggregated MFI balance sheet .
zlato , bankovky a mince jiných měn než eura , cenné papíry emitované nerezidenty eurozóny a úvěry poskytnuté nerezidentům eurozóny ) minus zahraniční pasiva MFI eurozóny ( např .
It provides statistical information on the MFI sector 's assets and liabilities vis-à-vis residents of the euro area not belonging to this sector ( i.e. general government and other euro area residents ) and vis-à-vis non-euro area residents . It is the main statistical source for the calculation of monetary aggregates , and it provides the basis for the regular analysis of the counterparts of M3 .
vklady a repo operace nerezidentů eurozóny , jimi držené podílové listy a akcie fondů peněžního trhu a dluhové cenné papíry emitované MFI a splatné do dvou let včetně ) .
Credit institution : ( i ) an undertaking whose business is to receive deposits or other repayable funds from the public and to grant credit for its own account ; or ( ii ) an undertaking or any other legal person , other than those under ( i ) , which issues means of payment in the form of electronic money .
Depozitní facilita : stálá facilita Eurosystému , kterou mohou protistrany využít k jednodenním vkladům u národní centrální banky za předem stanovenou úrokovou sazbu ( viz také klíčové úrokové sazby ECB ) .
Such securities usually carry a specific rate of interest ( the coupon ) and / or are sold at a discount to the amount that will be repaid at maturity . Deposit facility : a standing facility of the Eurosystem which counterparties may use to make overnight deposits , remunerated at a pre-specified interest rate , at an NCB ( see also key ECB interest rates ) .
Dlouhodobá refinanční operace : pravidelná operace na volném trhu prováděná Eurosystémem v podobě reverzních transakcí . Tyto operace se uskutečňují každý měsíc ve formě standardního tendru a obvykle mají dobu splatnosti tři měsíce .
Direct investment : cross-border investment for the purpose of obtaining a lasting interest in an enterprise resident in another economy ( assumed , in practice , for ownership of at least 10 % of the ordinary shares or voting power ) . ECOFIN Council : the EU Council meeting in the composition of the ministers of economy and finance .
Dlouhodobější finanční závazky MFI : vklady s dohodnutou dobou splatnosti přesahující dva roky , vklady s výpovědní lhůtou přesahující tři měsíce , dluhové cenné papíry emitované MFI eurozóny s původní dobou splatnosti delší než dva roky a kapitál a rezervy sektoru MFI eurozóny . Dluhový cenný papír : slib ze strany emitenta ( tj .
Economic analysis : one pillar of the European Central Bank 's framework for conducting a comprehensive analysis of the risks to price stability , which forms the basis for the Governing Council 's monetary policy decisions . The economic analysis focuses mainly on the assessment of current economic and financial developments and the implied short to medium-term risks to price stability from the perspective of the interplay between supply and demand in goods , services and factor markets at those horizons .
vypůjčovatele ) splatit držiteli ( půjčovateli ) jednu nebo více plateb v určitý konkrétní den nebo dny v budoucnu .
In this respect , due attention is paid to the need to identify the nature of shocks affecting the economy , their effects on cost and pricing behaviour and the short to medium-term prospects for their propagation in the economy ( see also monetary analysis ) .