Development, legislative framework and goals of the consolidation institutions in the Czechoslovakia and the Czech Republic

Rod, A.

Abstract:

This paper describes creation, legislative framework, development and goals of consolidation institutions in the Czechoslovakia (1991-1992) and the Czech Republic (1993 until now). According to tremendous social changes, conditions for the consolidation had not been stable; this influents establishing of several institutions and their subsidiaries with different tasks and competences, which were participating in the process consolidation of the post-communist banking sector and related financial and legal issues. The explanation and description of this institutional environment provide useful background for further analysis of issues dealing with the banking sector in the Czech Republic.

Keywords: Consolidation institutions, post-communist banking sector, transition

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