The paper emphasizes how changes in credit conditions in the Czech Republic are likely to influence aggregate …/Permanent-Income Hypothesis, including a standard model of consumption and incorporating credit supply. We first concluded that credit conditions … inflation level, growth of real disposable income, and low interest rates support household credit growth. …

The paper concentrates on the description of the Czech institutions which provide credit support to small and medium …-sized entrepreneurs, farmers and exporters. The paper analyses the operations of the Czech-Moravian Guarantee and Development Bank and the …

during 1918?1938. The state intervened in bank sanitation twice during economic recessions in the early 1920s and 1930s. The … the internal organization of banks, compelled personal responsibility on the part of bank management, protected creditors …, and supported inexpensive credit. The Ministry of Finance supervised and pursued licence policies. Other control …