Analysis and comparison of central banking in the Czech Republic from 1948 to the present

The aim of this thesis is the analysis and subsequent comparison of two different systems of central banking in the centrally planned and liberal market economy in the Czech Republic from 1948 until now. The basic parameters of the analysis are monetary policy, independence of central banking and the regulation and supervising of banking sector. The theoretical part deals with economic theory and the theory of central banking, especially monetary policy, exchange rate policy, theory of regulation, theory of independence, theory of supervising and how different economical schools are looking on this issue. Analytical part is divided into analysis and comparison of the two periods on the basis of specific parameters - legislative and legal anchorage, institutional support, monetary policy, supervisory function and independence. From the final comparison, based on the valuation of the pros and cons, is obvious that a system of liberal economy banking is more successful and more sustainable for the future, because it is based on a high degree of central bank independence, which is trying to fulfill its primary goals regardless of the ruling political power