36:
20:
690:
347:
675:
308:, 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.
721:
660:
705:
169:
230:. 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.
218:, 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
210:
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
233:
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
284:
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
202:. 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.
839:
319:
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
814:
350:
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
772:
411:
40:
580:
968:
398:
639:
482:
456:
515:
297:
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
593:
567:
366:
194:
The
Czechoslovak economy suffered a major economic downturn between 1921 and 1923. In response to the economic decline, the Finance Minister at the time,
689:
898:
379:
301:, Slovenská Tatra Banka (an entity formed in 1948 to consolidate the former Slovak banks), and Poštová Sporiteľňa (Czechoslovak postal savings bank).
430:
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271:
35:
998:
554:
535:
19:
1056:
781:
720:
1051:
674:
184:
976:
859:
78:
after a 6-year interval during which central banking functions were assumed directly by the country’s ministry of finance.
704:
255:
102:
1061:
1046:
908:
286:
622:. In some cases, however, it commissioned new buildings from Czechoslovak architects, for example in Slovakia from
251:
118:
1041:
327:
1018:"Architecture of the National Bank of Czechoslovakia in the Territory of Present-day Slovakia (1918 – 1938)"
840:"From Banking Office to National Bank: The Establishment of the National Bank of Czechoslovakia, 1919–1926"
815:"The Great Depression of 1929–1933 from the point of view of Czechoslovak financial experts and economists"
746:
188:
659:
403:
644:
487:
305:
585:
335:
215:
153:
1017:
461:
144:
On 1 January 1993, the State Bank of
Czechoslovakia was replaced by its two successor entities, the
520:
1002:
681:
346:
598:
572:
316:
298:
51:
121:. The National Bank was re-established in reunified Czechoslovakia in 1945, and in 1950 renamed
932:
751:
741:
619:
371:
75:
28:
258:, and the National Bank was consequently divided into two separate entities respectively in
416:
8:
876:"Československé zlato za druhé světové války (Czechoslovak Gold during the World War II)"
696:
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331:
320:
267:
223:
145:
631:
384:
875:
711:
650:
435:
904:
855:
312:
180:
548:
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From its establishment in 1950, the State Bank of
Czechoslovakia was located in the
847:
424:
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172:
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476:
276:
134:
110:
94:
469:
443:
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126:
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63:
24:
999:"Přehled představitelů ČNB a jejích právních předchůdců - Česká národní banka"
954:
Priests of
Prosperity: How Central Bankers Transformed the Postcommunist World
851:
623:
1035:
227:
635:
198:, implemented strong deflationary policies in an attempt to prevent further
247:
618:
In most localities, the
National Bank maintained existing branches of the
191:
was initially exercised by the
Banking Office of the Ministry of Finance.
529:
168:
844:
The Spread of the Modern Central Bank and Global Cooperation: 1919–1939
727:
627:
263:
259:
235:
838:
Kunert, Jakub (2023), Kakridis, Andreas; Eichengreen, Barry (eds.),
450:
157:
509:
477:
Governor of the National Bank for Bohemia and Moravia in Prague
281:
acted as Minister of Finance in Prague during Nazi occupation.
234:
interest rates and devalued the koruna. Meanwhile, support for
315:, the Communist government passed a law that re-established a
354:
175:, the founder of independent Czechoslovakia's monetary system
969:"The Banking System in Czechoslovakia Under Command Economy"
338:
by the respective laws of the new states on 1 January 1993.
222:
attempted to end the deflationary policy by devaluating the
81:
Between 1939 and 1945, its activities were divided into the
666:
23:
The National Bank of Czechoslovakia was established in the
311:
In November 1989, just a few days before Czechoslovakia's
1022:
IOP Conference Series: Materials Science and Engineering
496:
808:
806:
804:
802:
330:, the State Bank of Czechoslovakia was split into the
530:
General Directors of the State Bank of Czechoslovakia
799:
266:of the National Bank's gold reserves was seized by
933:"A History of Slovenská Tatra Banka (1948 – 1991)"
205:
930:
1033:
846:, Cambridge University Press, pp. 197–224,
451:Governors of the National Bank of Czechoslovakia
510:Governor of the National Bank of Czechoslovakia
292:
83:National Bank for Bohemia and Moravia in Prague
1015:
900:The History of the Czech Republic and Slovakia
187:in October 1918, monetary authority under the
241:
951:
355:Ministers of Finance between 1919 and 1926
99:Nationalbank für Böhmen und Mähren in Prag
1009:
770:
991:
345:
185:Czechoslovak declaration of independence
167:
91:Národní banka pro Čechy a Moravu v Praze
34:
18:
896:
1034:
945:
924:
837:
74:between 1926 and 1939, succeeding the
780:. Czech National Bank. Archived from
497:Governor of the Slovak National Bank
238:grew among the Czechoslovak public.
1057:Defunct banks of the Czech Republic
256:Protectorate of Bohemia and Moravia
103:Protectorate of Bohemia and Moravia
13:
966:
774:Central Banking in the Czech Lands
27:, the former Prague branch of the
14:
1073:
812:
287:Communist Party of Czechoslovakia
719:
703:
688:
673:
658:
1052:Defunct banks of Czechoslovakia
873:
609:, December 1989 – December 1992
603:, November 1988 – December 1989
472:, February 1934 – February 1939
440:, February 1923 – November 1925
206:National Bank of Czechoslovakia
60:National Bank of Czechoslovakia
1001:. 6 March 2019. Archived from
960:
890:
867:
831:
771:Kunert, Jakub; Novotný, Jiří.
764:
466:, January 1926 – February 1934
446:, December 1925 – January 1926
179:Following the collapse of the
16:Central bank of Czechoslovakia
1:
757:
551:, February 1954 – August 1957
427:, October 1922 – January 1923
421:, October 1921 – October 1922
408:, March 1921 – September 1921
341:
328:dissolution of Czechoslovakia
163:
564:, August 1957 – October 1969
293:State Bank of Czechoslovakia
123:State Bank of Czechoslovakia
68:Národní banka Československá
7:
956:. Cornell University Press.
903:. Santa Barbara: ABC-CLIO.
747:National Bank of Yugoslavia
735:
613:
590:, June 1981 – November 1988
545:, July 1950 – February 1954
189:First Czechoslovak Republic
139:Štátna banka československá
131:Státní banka československá
10:
1078:
931:František Chudják (2002),
577:, October 1969 – June 1981
376:, July 1919 – October 1919
306:single-tier banking system
250:fostered the secession of
242:World War II and aftermath
70:) was the central bank of
1062:Defunct banks of Slovakia
1047:Banks established in 1926
940:National Bank of Slovakia
897:Mahoney, William (2011).
852:10.1017/9781009367578.011
389:, October 1919 – May 1920
336:National Bank of Slovakia
262:and Prague. More than 45
216:Wall Street Crash of 1929
154:National Bank of Slovakia
41:former Prague head office
363:, March 1919 – July 1919
226:, while maintaining the
214:In the aftermath of the
211:than 200 credit unions.
525:, June 1945 – July 1950
505:, 1939 – September 1944
395:, May 1920 – March 1921
317:two-tier banking system
115:Slovenská Národná Banka
351:
176:
138:
130:
114:
98:
90:
67:
55:
32:
752:List of central banks
742:Austro-Hungarian Bank
620:Austro-Hungarian Bank
349:
171:
76:Austro-Hungarian Bank
38:
29:Austro-Hungarian Bank
22:
1042:Former central banks
1016:Katarina Ondrusova,
304:Under the communist
107:Slovak National Bank
332:Czech National Bank
268:Deutsche Reichsbank
146:Czech National Bank
640:Ladislav Skřivánek
483:Ladislav F. Dvořák
352:
299:Živnostenská Banka
254:and took over the
177:
56:
52:Živnostenská Banka
33:
861:978-1-009-36757-8
730:, built 1936-1938
726:Former branch in
714:, built 1930-1932
710:Former branch in
695:Former branch in
680:Former branch in
665:Former branch in
313:Velvet Revolution
181:Habsburg Monarchy
1069:
1026:
1025:
1013:
1007:
1006:
1005:on 6 March 2019.
995:
989:
988:
986:
984:
975:. Archived from
964:
958:
957:
952:Juliet Johnson.
949:
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942:
937:
928:
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921:
919:
917:
894:
888:
887:
885:
883:
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864:
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787:on 19 April 2015
786:
779:
768:
723:
707:
692:
682:České Budějovice
677:
662:
648:
632:Vladimír Fischer
602:
589:
576:
563:
544:
524:
516:Jaroslav Nebesář
491:
465:
439:
420:
407:
399:Vladimír Hanačík
388:
375:
280:
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1077:
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1072:
1071:
1070:
1068:
1067:
1066:
1032:
1031:
1030:
1029:
1014:
1010:
997:
996:
992:
982:
980:
967:Arikan, Deniz.
965:
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950:
946:
935:
929:
925:
915:
913:
911:
895:
891:
881:
879:
872:
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862:
836:
832:
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820:
817:
811:
800:
790:
788:
784:
777:
769:
765:
760:
738:
731:
724:
715:
712:Banská Bystrica
708:
699:
693:
684:
678:
669:
663:
651:Banská Bystrica
642:
616:
596:
594:Svatopluk Potáč
583:
570:
568:Svatopluk Potáč
557:
538:
532:
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512:
499:
485:
479:
459:
453:
433:
414:
401:
382:
369:
357:
344:
295:
274:
246:In March 1939,
244:
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119:Slovak Republic
43:
17:
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5:
1075:
1065:
1064:
1059:
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1049:
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1028:
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1008:
990:
979:on 26 May 2012
959:
944:
923:
909:
889:
874:Šír, Vojtěch.
866:
860:
830:
813:Holec, Roman.
798:
762:
761:
759:
756:
755:
754:
749:
744:
737:
734:
733:
732:
725:
718:
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709:
702:
700:
697:Hradec Králové
694:
687:
685:
679:
672:
670:
664:
657:
615:
612:
611:
610:
607:Josef Tošovský
604:
591:
578:
565:
552:
549:Jaroslav Kabeš
546:
531:
528:
527:
526:
511:
508:
507:
506:
498:
495:
494:
493:
478:
475:
474:
473:
467:
457:Vilém Pospíšil
452:
449:
448:
447:
441:
428:
422:
412:Augustin Novák
409:
396:
390:
377:
364:
356:
353:
343:
340:
321:Komerční banka
294:
291:
243:
240:
207:
204:
200:hyperinflation
165:
162:
150:Czech Republic
72:Czechoslovakia
25:Schebek Palace
15:
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1074:
1063:
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1050:
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910:9780313363054
906:
902:
901:
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877:
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503:Imrich Karvaš
501:
500:
492:, 1939 – 1945
489:
484:
481:
480:
471:
468:
463:
458:
455:
454:
445:
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432:
429:
426:
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413:
410:
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400:
397:
394:
391:
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381:
380:Kuneš Sonntag
378:
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367:Cyril Horáček
365:
362:
359:
358:
348:
339:
337:
333:
329:
324:
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288:
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269:
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257:
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249:
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231:
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228:gold standard
225:
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789:. Retrieved
782:the original
773:
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581:Jan Stejskal
470:Karel Engliš
444:Karel Engliš
431:Bohdan Bečka
393:Karel Engliš
325:
310:
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296:
283:
272:Josef Kalfus
248:Adolf Hitler
245:
232:
220:Karel Engliš
213:
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878:. Fronta.cz
643: [
624:Emil Belluš
597: [
584: [
571: [
558: [
555:Otakar Pohl
539: [
536:Otakar Pohl
519: [
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425:Alois Rašín
415: [
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383: [
370: [
361:Alois Rašín
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264:metric tons
196:Alois Rašín
173:Alois Rašín
44: [
1036:Categories
758:References
728:Bratislava
636:Ružomberok
628:Bratislava
342:Leadership
260:Bratislava
164:Background
326:With the
236:Communism
117:) in the
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823:12 April
791:12 April
736:See also
614:Branches
334:and the
252:Slovakia
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158:Slovakia
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127:Czech
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985:2015
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884:2019
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825:2015
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