The Czech National Bank, its legal position and scope of activities

The Czech National Bank, its legal position and scope of activities My diploma thesis deals with the legal position and the scope of activities of the Czech central bank. The central bank holds an important position, as it is able to to influence the state's economic situation. This thesis is divided into three chapters, the first deals with the issue of central banking in general. It contains the basic theoretical framework, which is important for further interpretation. Main focus is given to the defining attributes of the central bank, differences in view and approach to central banking and objectives that it should achieve. The second part deals with the historical development of the central banking in the Czech Republic and its predecessors. It follows the creation and transformation of the institution from Austro-Hungarian monarchy over to the period of the First Republic and discusses the situation in the Protectorate of Bohemia and Moravia and in communist Czechoslovakia. The chapter is closed by description of changes to central banking following the Velvet Revolution in 1989 and the path to the modern independent central bank. The first part of the third chapter focuses on the legal position of the Czech National Bank. It defines the legislative basis, mainly rising from the Constitution and the..