Work detail

The Consolidation of the Czech Banking Sector with Respect to the Experience of Central and Eastern European Countries

Author: Bc. Ivan Trpčevski
Year: 2008 - summer
Leaders: prof. Ing. Michal Mejstřík CSc.
Consultants:
Work type: Bachelors
Language: Czech
Pages: 62
Awards and prizes:
Link:
Abstract: The aspiration of the thesis is to give reasons for high costs of the Czech banking sector’s consolidation in comparison to the other transitive countries i.e. Estonia, Hungary, Poland, Slovenia and the Slovak Republic. Indeed, there are plenty of monographs devoted to the consolidation of the banking sector in each of the transition countries. There is also a considerable amount of texts devoted to the comparison of the banking sectors based on the data collected in these countries.
This thesis tries to penetrate to the roots of the banking sectors in these countries and utilizes recent theoretical knowledge of the banking in transition. Sometimes it goes even further, to the concepts of Douglas North or Joseph Schumpeter. Therefore, it might be perceived to be inconsistent with older (pre 1998) surveys based on the analysis of individual banks´ performance. In our opinion, information published by banks did not provide accurate information due to the weak accounting standards which might have led to misleading conclusions.
Problematic development of the sector is not reviewed separately from other issues of the transition. It is perceived as its indivisible part. We conclude that high costs of the Czech banking consolidation are the result of the calamitous mixture of the factors labelled as “banking socialism”. Experience of other countries indicates that none of the factors causing “banking socialism” in the Czech Republic has to cause difficulties, when prepared properly and/or in no connection with other mentioned factors.
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