Banking System Changes in the Context of Šik’s Economic Reform in the CSSR in the Second Half of the 1960s Cover Image

Změny v soustavě peněžnictví v kontextu Šikovy ekonomické reformy v Československu ve druhé polovině 60. let
Banking System Changes in the Context of Šik’s Economic Reform in the CSSR in the Second Half of the 1960s

Author(s): Petr Chalupecký, Klára Fabianková, Zdenka Johnson
Subject(s): Economy
Published by: Ekonomický ústav SAV a Prognostický ústav SAV
Keywords: Czechoslovakia; economic reform; centrally planned economy; banking

Summary/Abstract: Although banking was not initially considered as essential, the planned im-plementation of selected elements of market economy and rehabilitation of money functions forced founding of an appropriate institutional environment. Besides the role of money and banks in socialist economy, the paper analyses the proposed modifications in the banking system and management of foreign cur-rencies. During reorganization of the State Bank of Czechoslovakia the concept of separate emission and commercial banking was promoted. Changes in consti-tutional arrangements were to be initially reflected in the organization of mone-tary policy. After August 1968 reform proposals were gradually left. Finally, de facto no major changes were made. Despite this, changes in the banking sector endured to a certain extent, and they became a basis for attempts at activation of money in the following twenty years.

  • Issue Year: 59/2011
  • Issue No: 07
  • Page Range: 719-736
  • Page Count: 18
  • Language: Czech
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