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Czech banking in comparative perspective

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  • Martin Myant

Abstract

Banks played a central and, at times, controversial, role in the post-1989 transformation of the Czech economy. This article is trying to assess that role by setting it in a historical and comparative context. Economic historians have specified two broad models of banking behaviour, although the differences can be exaggerated. Transition economies show some common characteristics, but past history gave Czech banks a particularly important role and policy makers pursued a conception under which they would finance rapid economic transformation, partly following a model from the past. With varying degrees of willingness, established banks took on this role, undermining their own financial solidity. As the Czech road ran into difficulties, so a different conception of banks' development was adopted, closer to policies more familiar across Central and Eastern Europe.

Suggested Citation

  • Martin Myant, 2003. "Czech banking in comparative perspective," Prague Economic Papers, Prague University of Economics and Business, vol. 2003(2), pages 131-144.
    • Handle: RePEc:prg:jnlpep:v:2003:y:2003:i:2:id:210
    DOI: 10.18267/j.pep.210
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    References listed on IDEAS

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    1. Duncan M. Ross, 1996. "Commercial banking in a market-oriented financial system: Britain between the wars," Economic History Review, Economic History Society, vol. 49(2), pages 314-335, May.
    2. James,Harold & Lindgren,Hekan & Teichova,Alice (ed.), 1991. "The Role of Banks in the Interwar Economy," Cambridge Books, Cambridge University Press, number 9780521394376.
    3. Martin Myant, 2003. "The Rise and Fall of Czech Capitalism," Books, Edward Elgar Publishing, number 2955.
    4. Jiøí Kunert, 1999. "Èeské bankovnictví ? urèitì ne v roce nula (Czech Banking - Certainly Not in Year Zero)," Czech Journal of Economics and Finance (Finance a uver), Charles University Prague, Faculty of Social Sciences, vol. 49(6), pages 307-314, June.
    5. Michael Collins, 1998. "English Bank Development within a European Context, 1870–1939," Economic History Review, Economic History Society, vol. 51(1), pages 1-24, February.
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    More about this item

    Keywords

    Czech economy; transition; banks; banking history;
    All these keywords.

    JEL classification:

    • G21 - Financial Economics - - Financial Institutions and Services - - - Banks; Other Depository Institutions; Micro Finance Institutions; Mortgages
    • G28 - Financial Economics - - Financial Institutions and Services - - - Government Policy and Regulation
    • N20 - Economic History - - Financial Markets and Institutions - - - General, International, or Comparative
    • P30 - Political Economy and Comparative Economic Systems - - Socialist Institutions and Their Transitions - - - General

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