Development of the banking system.
HISTORY OF CZECHOSLOVAK CURRENCY.
The establishment of an independent Czech Republic and shortly afterwards the monetary separation also meant the creation of an independent banking system. It includes the Czech National Bank as the central bank, commercial banks and branches of foreign banks. The operation of the national economy is connected every day with millions of monetary transactions in the amount of hundreds of billions of korunas. Together with privatization, the continuing development of the private sector and the dynamic growth of liberalized foreign trade, it created a great demand for bank services. Banks offered businesses and the general public an ever-expanding and ever-modern range of products and services. ATMs and credit cards have quickly become a common part of life, as have computers, the Internet, mobile phones and, with them, electronic banking services. The transformation of banking into a modern market sector has not been without shocks. Sixteen banks went bankrupt or were liquidated. The state had to spend considerable funds to rehabilitate some banks before their privatization. Some banks had to be forced into administration. Virtually all transition countries paid a high price for stabilizing the banking sector. Since 1989, banking has experienced unprecedented growth and technical progress. Today, banking is a modern, technically very well-equipped industry that is connected to international financial flows. It is also an industry that relies heavily on background, know-how and an unbroken tradition of quality service provision represented by strong foreign partners, whose trade names have a high prestige.
CONTENT
- Origin of the Czechoslovak currency.
- Monetary stabilization.
- Establishment of the central bank.
- National Bank of Czechoslovakia.
- Gold reserve.
- Economic boom.
- Depression.
- The main activities of banks.
- Development of the national economy.
- Art designs.
- Czech banking system.
- The disintegration of Czechoslovakia.
- German occupation of the Czech lands.
- Currency damage caused by the occupation.
- Preparation of post-war monetary policy.
- Inflation and monetary chaos.
- Organization of monetary relations.
- Socialization of finance.
- February 1948 and central management.
- Directive management of monetary relations.
- Monetary reform of 1953.
- Central plan.
- Isolation.
- Reform efforts.
- "Standardization".
- Economic problems.
- Economic transformation.
- Changes in monetary policy management.
- Development of the koruna exchange rate.
- Development of the banking system.
- Development in 1990-1992.
- Division of the Czechoslovak Socialist Republic.
- Origin of the Czech koruna.
- Monetary policy management.
- International cooperation.
- Monetary stabilization.
- Establishment of the central bank.
- National Bank of Czechoslovakia.
- Gold reserve.
- Economic boom.
- Depression.
- The main activities of banks.
- Development of the national economy.
- Art designs.
- Czech banking system.
- The disintegration of Czechoslovakia.
- German occupation of the Czech lands.
- Currency damage caused by the occupation.
- Preparation of post-war monetary policy.
- Inflation and monetary chaos.
- Organization of monetary relations.
- Socialization of finance.
- February 1948 and central management.
- Directive management of monetary relations.
- Monetary reform of 1953.
- Central plan.
- Isolation.
- Reform efforts.
- "Standardization".
- Economic problems.
- Economic transformation.
- Changes in monetary policy management.
- Development of the koruna exchange rate.
- Development of the banking system.
- Development in 1990-1992.
- Division of the Czechoslovak Socialist Republic.
- Origin of the Czech koruna.
- Monetary policy management.
- International cooperation.
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