The article surveys the establishment of a legislative framework providing for banking regulation in Czechoslovakia … 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 …

?Moral Hazard and Orderly Bank Exit?, na nìmž vystoupil David Mayes, profesor ekonomie na South Bank University v Londýnì a … poradce bankovní rady Bank of Finland. Pøednáška i následná diskuze byly primárnì zamìøeny na právní procedury, které mají za … úkol øešit situaci bank ve špatné finanèní situaci. Morální hazard, který je v evropském bankovním systému silnì zabudován …

include the establishment of an asset management company, capital injection and sale of the bank, purchase and assumption … transactions, liquidation or bridge bank. All these approaches are evaluated with respect to Czech transformation experience and … Agency (Czech Consolidation Bank, respectively) was the least suitable approach to dealing with problematic assets in the …

The authors of the paper discuss reasons as well as current stage of the regulation of the financial (mostly banking …) sector. They are not in favor of strict rejection of the regulation, but they are not in favor of strong regulation of the … regulation is appropriate in the financial market. The authors offer some economic ideas that can be useful for preparing and …