Costs and benefits of the privatization process in a period of transition economy in the Czech Republic since 1990

The 90th years were a period of tranzition of Czech economy, whose a key part was the privatization. Specific initial situation of the Czech / Czechoslovak economy was the decisive point to choose historically quite unique privatization strategy of combining standard and nonstandard methods of privatization. This strategy would imply a number of advantages, but also some concerns. Particularly the use of previously untested voucher privatization brought some concern about potential negative impacts. The aim of this thesis is to evaluate the benefits and costs of the transformation privatization. It will be evaluated the privatization process itself as well as its longer impacts. Special attention is paid to the privatization of large state banks. In conclusion, partial results are summarized and it is said an overall assessment of privatization