Book contents
- The Spread of the Modern Central Bank and Global Cooperation
- Studies in Macroeconomic History
- The Spread of the Modern Central Bank and Global Cooperation
- Copyright page
- Contents
- Figures
- Tables
- Editors and Contributors
- Preface
- Part I General
- Part II Specific
- 5 Central Bank Policy under Foreign Control
- 6 Sneaking Nationalization
- 7 The Bank of Poland and Monetary Policy during the Interwar Period
- 8 From Banking Office to National Bank
- 9 ‘Nobody’s Child’
- 10 The Bulgarian National Bank, 1926–1935
- 11 Macroeconomic Policies and the New Central Bank in Turkey, 1929–1939
- 12 Latin American Experiments in Central Banking at the Onset of the Great Depression
- 13 Central Banks in the British Dominions in the Interwar Period
- 14 Central Banking and Colonial Control
- Index
- References
8 - From Banking Office to National Bank
The Establishment of the National Bank of Czechoslovakia, 1919–1926
from Part II - Specific
Published online by Cambridge University Press: 02 November 2023
By
Book contents
- The Spread of the Modern Central Bank and Global Cooperation
- Studies in Macroeconomic History
- The Spread of the Modern Central Bank and Global Cooperation
- Copyright page
- Contents
- Figures
- Tables
- Editors and Contributors
- Preface
- Part I General
- Part II Specific
- 5 Central Bank Policy under Foreign Control
- 6 Sneaking Nationalization
- 7 The Bank of Poland and Monetary Policy during the Interwar Period
- 8 From Banking Office to National Bank
- 9 ‘Nobody’s Child’
- 10 The Bulgarian National Bank, 1926–1935
- 11 Macroeconomic Policies and the New Central Bank in Turkey, 1929–1939
- 12 Latin American Experiments in Central Banking at the Onset of the Great Depression
- 13 Central Banks in the British Dominions in the Interwar Period
- 14 Central Banking and Colonial Control
- Index
- References
Summary
Establishing the National Bank of Czechoslovakia was the culmination of an eight-year process. Although Czechoslovak representatives had envisaged an independent monetary institution before founding an independent state, it took a long time to realise their vision. The chapter describes events surrounding the creation of the National Bank of Czechoslovakia and shows how ideas about the bank’s structure and constitution developed between 1919 and 1926. It emphasizes external factors that led Czechoslovak politicians and economic policymakers to establish a bank of issue even before joining the gold standard, thus deviating from their original intentions. The chapter then compares the two competing Czechoslovak monetary authorities (Banking Office of the Ministry of Finance and National Bank of Czechoslovakia) and analyses whether the chosen solution helped to maintain the desired independence of the newly established central bank during its first years of its existence (1926-1934).
Keywords
- Type
- Chapter
- Information
- The Spread of the Modern Central Bank and Global Cooperation1919–1939, pp. 197 - 224Publisher: Cambridge University PressPrint publication year: 2023
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