36:
20:
695:
352:
680:
313:, the role of the State Bank expanded to that of a commercial bank, central bank, and investment bank. The institution was a supervisory agent of the government, in charge of planning for the economic needs of the country. The State Bank granted credit to the individuals that needed capital to meet their business's economic expectations. It also acted as the supervisor of the other state-owned banks, including two savings bank and the Commercial Bank of Czechoslovakia which was in charge of foreign currency exchange. In 1958, the State Bank took control over all capital allocation.
726:
665:
710:
174:
235:. In opposition to Engliš, the Social Democrats proposed to leave the gold standard. Political parties proposed different solutions for recovery, which caused stalemate. Ultimately, the gold standard was abandoned, and Engliš resigned on 16 April 1931. Despite political turmoil and difficulties with the central bank, Czechoslovakia began a slow rebound in 1934.
223:, the Czechoslovakian economy entered depression. The National Bank originally followed a deflationary monetary policy, which exacerbated the problems. The National bank also eliminated the ability to convert currency into gold and competitive devaluation. The National Bank's policies generated social discontent. Minister of Finance
215:
The
National Bank of Czechoslovakia was established in 1926. In the following years, the country experienced a period of economic prosperity, including in terms of manufacturing activity, currency strength, and general economic growth. The Czechoslovak banking sector grew to over 100 banks and more
238:
One of the important outcomes of the Great
Depression was the increase in support for government intervention in the economy. Price support systems increased in popularity, which instituted moderating prices, wages and currency. The government, now with more control over the central bank, lowered
289:
After the end of the war, the two central banks were reunified under their former name. Between 1945 and 1948, the banking system underwent nationalization in several phases, under Soviet influence and with the increasingly dominant influence of the
207:. While Rašín's policies most likely averted hyperinflation as extreme as happened in Austria and Germany, public opinion was hostile to the Ministry of Finance. Rašín was assassinated on 5 January 1923 by a disturbed youth.
95:
844:
324:
and correspondingly focused the role of the State Bank on currency stability. That legislation came into force on 1 January 1990. the State Bank's commercial banking operations were spun off as
819:
355:
Josef Tošovský was the last head of the State Bank of
Czechoslovakia and went on to lead the Czech National Bank until 2000, aside from a brief stint as Czech Prime Minister in 1997-1998
777:
416:
40:
585:
973:
403:
644:
487:
461:
520:
302:
On 1 July 1950, the
Central bank was fully nationalized and renamed the State Bank of Czechoslovakia, as it simultaneously incorporated the former operations of
598:
572:
371:
199:
The
Czechoslovak economy suffered a major economic downturn between 1921 and 1923. In response to the economic decline, the Finance Minister at the time,
694:
903:
384:
306:, Slovenská Tatra Banka (an entity formed in 1948 to consolidate the former Slovak banks), and Poštová Sporiteľňa (Czechoslovak postal savings bank).
435:
45:
276:
35:
1003:
559:
540:
19:
1061:
786:
725:
1056:
679:
189:
981:
864:
78:
after a 6-year interval during which central banking functions were assumed directly by the country’s ministry of finance.
709:
260:
107:
1066:
1051:
913:
291:
627:. In some cases, however, it commissioned new buildings from Czechoslovak architects, for example in Slovakia from
256:
123:
1046:
332:
1023:"Architecture of the National Bank of Czechoslovakia in the Territory of Present-day Slovakia (1918 – 1938)"
845:"From Banking Office to National Bank: The Establishment of the National Bank of Czechoslovakia, 1919–1926"
820:"The Great Depression of 1929–1933 from the point of view of Czechoslovak financial experts and economists"
751:
193:
664:
408:
649:
492:
310:
590:
340:
220:
158:
1022:
466:
149:
On 1 January 1993, the State Bank of
Czechoslovakia was replaced by its two successor entities, the
525:
1007:
686:
351:
603:
577:
321:
303:
51:
126:. The National Bank was re-established in reunified Czechoslovakia in 1945, and in 1950 renamed
937:
756:
746:
624:
376:
75:
28:
263:, and the National Bank was consequently divided into two separate entities respectively in
421:
8:
881:"Československé zlato za druhé světové války (Czechoslovak Gold during the World War II)"
701:
611:
336:
325:
272:
228:
150:
636:
389:
880:
716:
655:
440:
909:
860:
317:
185:
553:
39:
From its establishment in 1950, the State Bank of
Czechoslovakia was located in the
852:
429:
365:
200:
177:
507:
481:
281:
139:
115:
99:
474:
448:
397:
224:
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154:
131:
86:
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63:
24:
1004:"Přehled představitelů ČNB a jejích právních předchůdců - Česká národní banka"
959:
Priests of
Prosperity: How Central Bankers Transformed the Postcommunist World
856:
628:
1040:
232:
640:
203:, implemented strong deflationary policies in an attempt to prevent further
252:
623:
In most localities, the
National Bank maintained existing branches of the
196:
was initially exercised by the
Banking Office of the Ministry of Finance.
534:
173:
849:
The Spread of the Modern Central Bank and Global Cooperation: 1919–1939
732:
632:
268:
264:
240:
843:
Kunert, Jakub (2023), Kakridis, Andreas; Eichengreen, Barry (eds.),
455:
162:
514:
482:
Governor of the National Bank for Bohemia and Moravia in Prague
286:
acted as Minister of Finance in Prague during Nazi occupation.
239:
interest rates and devalued the koruna. Meanwhile, support for
320:, the Communist government passed a law that re-established a
359:
180:, the founder of independent Czechoslovakia's monetary system
974:"The Banking System in Czechoslovakia Under Command Economy"
343:
by the respective laws of the new states on 1 January 1993.
227:
attempted to end the deflationary policy by devaluating the
81:
Between 1939 and 1945, its activities were divided into the
671:
23:
The National Bank of Czechoslovakia was established in the
316:
In November 1989, just a few days before Czechoslovakia's
1027:
IOP Conference Series: Materials Science and Engineering
501:
813:
811:
809:
807:
335:, the State Bank of Czechoslovakia was split into the
535:
General Directors of the State Bank of Czechoslovakia
804:
271:of the National Bank's gold reserves was seized by
938:"A History of Slovenská Tatra Banka (1948 – 1991)"
210:
935:
1038:
851:, Cambridge University Press, pp. 197–224,
456:Governors of the National Bank of Czechoslovakia
515:Governor of the National Bank of Czechoslovakia
297:
83:National Bank for Bohemia and Moravia in Prague
1020:
905:The History of the Czech Republic and Slovakia
192:in October 1918, monetary authority under the
246:
956:
360:Ministers of Finance between 1919 and 1926
104:Nationalbank für Böhmen und Mähren in Prag
1014:
775:
996:
350:
190:Czechoslovak declaration of independence
172:
91:Národní banka pro Čechy a Moravu v Praze
34:
18:
901:
1039:
950:
929:
842:
74:between 1926 and 1939, succeeding the
785:. Czech National Bank. Archived from
502:Governor of the Slovak National Bank
243:grew among the Czechoslovak public.
1062:Defunct banks of the Czech Republic
261:Protectorate of Bohemia and Moravia
108:Protectorate of Bohemia and Moravia
13:
971:
779:Central Banking in the Czech Lands
27:, the former Prague branch of the
14:
1078:
817:
292:Communist Party of Czechoslovakia
724:
708:
693:
678:
663:
1057:Defunct banks of Czechoslovakia
878:
614:, December 1989 – December 1992
608:, November 1988 – December 1989
477:, February 1934 – February 1939
445:, February 1923 – November 1925
211:National Bank of Czechoslovakia
60:National Bank of Czechoslovakia
1006:. 6 March 2019. Archived from
965:
895:
872:
836:
776:Kunert, Jakub; Novotný, Jiří.
769:
471:, January 1926 – February 1934
451:, December 1925 – January 1926
184:Following the collapse of the
16:Central bank of Czechoslovakia
1:
762:
556:, February 1954 – August 1957
432:, October 1922 – January 1923
426:, October 1921 – October 1922
413:, March 1921 – September 1921
346:
333:dissolution of Czechoslovakia
168:
569:, August 1957 – October 1969
298:State Bank of Czechoslovakia
128:State Bank of Czechoslovakia
68:Národní banka Československá
7:
961:. Cornell University Press.
908:. Santa Barbara: ABC-CLIO.
752:National Bank of Yugoslavia
740:
618:
595:, June 1981 – November 1988
550:, July 1950 – February 1954
194:First Czechoslovak Republic
144:Štátna banka československá
136:Státní banka československá
10:
1083:
936:František Chudják (2002),
582:, October 1969 – June 1981
381:, July 1919 – October 1919
311:single-tier banking system
255:fostered the secession of
247:World War II and aftermath
70:) was the central bank of
1067:Defunct banks of Slovakia
1052:Banks established in 1926
945:National Bank of Slovakia
902:Mahoney, William (2011).
857:10.1017/9781009367578.011
394:, October 1919 – May 1920
341:National Bank of Slovakia
267:and Prague. More than 45
221:Wall Street Crash of 1929
159:National Bank of Slovakia
41:former Prague head office
368:, March 1919 – July 1919
231:, while maintaining the
219:In the aftermath of the
216:than 200 credit unions.
530:, June 1945 – July 1950
510:, 1939 – September 1944
400:, May 1920 – March 1921
322:two-tier banking system
120:Slovenská Národná Banka
356:
181:
143:
135:
119:
103:
90:
67:
55:
32:
757:List of central banks
747:Austro-Hungarian Bank
625:Austro-Hungarian Bank
354:
176:
76:Austro-Hungarian Bank
38:
29:Austro-Hungarian Bank
22:
1047:Former central banks
1021:Katarina Ondrusova,
309:Under the communist
112:Slovak National Bank
337:Czech National Bank
273:Deutsche Reichsbank
151:Czech National Bank
645:Ladislav Skřivánek
488:Ladislav F. Dvořák
357:
304:Živnostenská Banka
259:and took over the
182:
56:
52:Živnostenská Banka
33:
866:978-1-009-36757-8
735:, built 1936-1938
731:Former branch in
719:, built 1930-1932
715:Former branch in
700:Former branch in
685:Former branch in
670:Former branch in
318:Velvet Revolution
186:Habsburg Monarchy
1074:
1031:
1030:
1018:
1012:
1011:
1010:on 6 March 2019.
1000:
994:
993:
991:
989:
980:. Archived from
969:
963:
962:
957:Juliet Johnson.
954:
948:
947:
942:
933:
927:
926:
924:
922:
899:
893:
892:
890:
888:
876:
870:
869:
840:
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831:
829:
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802:
801:
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792:on 19 April 2015
791:
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773:
728:
712:
697:
687:České Budějovice
682:
667:
653:
637:Vladimír Fischer
607:
594:
581:
568:
549:
529:
521:Jaroslav Nebesář
496:
470:
444:
425:
412:
404:Vladimír Hanačík
393:
380:
285:
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1081:
1077:
1076:
1075:
1073:
1072:
1071:
1037:
1036:
1035:
1034:
1019:
1015:
1002:
1001:
997:
987:
985:
972:Arikan, Deniz.
970:
966:
955:
951:
940:
934:
930:
920:
918:
916:
900:
896:
886:
884:
877:
873:
867:
841:
837:
827:
825:
822:
816:
805:
795:
793:
789:
782:
774:
770:
765:
743:
736:
729:
720:
717:Banská Bystrica
713:
704:
698:
689:
683:
674:
668:
656:Banská Bystrica
647:
621:
601:
599:Svatopluk Potáč
588:
575:
573:Svatopluk Potáč
562:
543:
537:
523:
517:
504:
490:
484:
464:
458:
438:
419:
406:
387:
374:
362:
349:
300:
279:
251:In March 1939,
249:
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124:Slovak Republic
94:
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5:
1080:
1070:
1069:
1064:
1059:
1054:
1049:
1033:
1032:
1013:
995:
984:on 26 May 2012
964:
949:
928:
914:
894:
879:Šír, Vojtěch.
871:
865:
835:
818:Holec, Roman.
803:
767:
766:
764:
761:
760:
759:
754:
749:
742:
739:
738:
737:
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723:
721:
714:
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705:
702:Hradec Králové
699:
692:
690:
684:
677:
675:
669:
662:
620:
617:
616:
615:
612:Josef Tošovský
609:
596:
583:
570:
557:
554:Jaroslav Kabeš
551:
536:
533:
532:
531:
516:
513:
512:
511:
503:
500:
499:
498:
483:
480:
479:
478:
472:
462:Vilém Pospíšil
457:
454:
453:
452:
446:
433:
427:
417:Augustin Novák
414:
401:
395:
382:
369:
361:
358:
348:
345:
326:Komerční banka
299:
296:
248:
245:
212:
209:
205:hyperinflation
170:
167:
155:Czech Republic
72:Czechoslovakia
25:Schebek Palace
15:
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3:
2:
1079:
1068:
1065:
1063:
1060:
1058:
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915:9780313363054
911:
907:
906:
898:
882:
875:
868:
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571:
566:
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555:
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539:
538:
527:
522:
519:
518:
509:
508:Imrich Karvaš
506:
505:
497:, 1939 – 1945
494:
489:
486:
485:
476:
473:
468:
463:
460:
459:
450:
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442:
437:
434:
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418:
415:
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405:
402:
399:
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386:
385:Kuneš Sonntag
383:
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373:
372:Cyril Horáček
370:
367:
364:
363:
353:
344:
342:
338:
334:
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258:
254:
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242:
236:
234:
233:gold standard
230:
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874:
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826:. Retrieved
794:. Retrieved
787:the original
778:
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586:Jan Stejskal
475:Karel Engliš
449:Karel Engliš
436:Bohdan Bečka
398:Karel Engliš
330:
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288:
277:Josef Kalfus
253:Adolf Hitler
250:
237:
225:Karel Engliš
218:
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883:. Fronta.cz
648: [
629:Emil Belluš
602: [
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576: [
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560:Otakar Pohl
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541:Otakar Pohl
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430:Alois Rašín
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388: [
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366:Alois Rašín
280: [
269:metric tons
201:Alois Rašín
178:Alois Rašín
44: [
1041:Categories
763:References
733:Bratislava
641:Ružomberok
633:Bratislava
347:Leadership
265:Bratislava
169:Background
331:With the
241:Communism
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988:12 April
921:12 April
887:2 August
828:12 April
796:12 April
741:See also
619:Branches
339:and the
257:Slovakia
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163:Slovakia
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