The diploma thesis deals with the economic situation of the Second Republic. Second Republic is a sign of the political system in Czechoslovakia between the two occupation, namely from 1 October 1938 to 15 March 1939. The aim of the work is according to analysis adopted economic policies determine what form of state in fact the Second Republic was. Another intention of the work is to identify the objectives of economic and monetary policy and to compare the views of prominent representatives of economic and monetary policy. The work is based on the analysis of archival documents from the archives of the Czech National Bank, the National Archive of the Czech Republic and the Central Statistical Library. It became clear that in the significantly weakened Czechoslovak Republic, in which political regime showed signs of becoming increasingly authoritarian state, since the first days after the Munich Agreement promote both the left and right-wing economic policy recommendations and requirements. One of the key features of the economic situation of the Second Republic was characterized by mutual co-existence of state controlled economy and private property.

The accession to the European Monetary Union is fundamentally changing the role of the Czech national bank. Aim of this work is to describe and evaluate this new role of the CNB in connection with the transfer of its former powers to the ECB. The theoretical part of the work deals with the role of central banking in general, the role of the CNB before the accession to the EMU and the role of ECB in monetary union. The work reviews compliance with the conditions required for the accession to the EMU. Further it focuses on the analysis of CNB monetary policy in recent years, particularly its interest rates policy. In view of the future situation in the field of monetary policy the work draws on the experience of Slovakia after its entry into the euro zone and respondes to the question of whether uniform monetary policy is equally applicable to all member states of the euro area by using the Theory of Optimum Currency Area. The work also analyzes the actions of the ECB and the CNB caused by the current economic crisis.

This research paper on monetary policy focuses on strategy of inflation targeting and its modification in an environment of deflationary pressures. Focus of this paper is based on three main points that correspond to the content of individual chapters. The first point is a theoretical analysis of the main attributes of inflation targeting with emphasis on analysis of the functioning of the transmission channels. The second point is an analysis of implementation of this strategy in the Czech National Bank and in the Reserve Bank of New Zealand. In this point separate analysis was made of the development of inflation targeting and transformation of relationship between macroeconomic variables in transmission mechanism. The third point then debates the modification of monetary policy instruments in the context of inflation targeting adopted by the Czech National Bank, with an emphasis on the introduction of exchange rate commitment. Throughout the work are used simple methods for analysis with further emphasis on the actuality. The conclusion summarizes the findings and evaluates the modification of the inflation targeting strategy as a positive phenomenon in the context of evolution of monetary policy.

This paper compares economical and political independence to a success rate of monetary policy of national banks, on a case of Fed and the Czech National Bank. Based on my definition of independence and accountability based on literature, I show that price stability defined as a main goal is the key factor. If the goal consists of more indicators, there is space for political pressure and the success rate decreases. Some rate of independence is necessary in order to achieve a healthy economy, however, total independence cannot be the target. Accountability then works towards independence as a system of achieving legitimacy, not as a substitute. Public inflation aversion is also considered as an important factor for achieving price stability.

The chapter, which should bring a basic overview about money and its counterfeiting, is called "Money". With usage of theoretical and empirical money definitions I introduced money and its historical development in the world and also in Czech countries. The last part of this chapter explains money circulation in economics. The third chapter is about counterfeiting development and about punishments which threatened to people if they were accused of counterfeiting. We can find a lot of concrete examples of fake money in Czech Republic and a story about a nazi camp Sachsenhausen, where Hilter and its soldiers were forcing Jewish prisoner to make fake British pounds and American dollars. The next chapter contains individual protective elements which can be found on Czech and world banknotes. The practical part begins with a chapter which shows pictures of Czech banknotes with the placement of protective elements. The analysis of the current situation in the field of money counterfeiting was done in chapter No 6 (the analysis is a main goal of this thesis). The following chapter brings information about a survey (it was done in February and March 2012 among Czech public) -- initial hypothesis, evaluation and dependencies could be found there. All my proposal and initiatives which can improve the current situation are stated in the closing chapter together with a summary of the thesis practical part.

More than twenty years after the independence declaration, Republic of Croatia is facing the second biggest step in its history- entry to the European Union. European Union, the world's trade leader, has recognized Croatia as a reliable partner in the future affairs. Croatia shall become a 28th member of the integration on July 1st, 2013. Croatia has experienced many obstacles on the path to the European Union, trying to align its system with the EU's comprehensive legislation. The aim of this thesis is therefore to provide an extensive analysis of the Croatian path to the European Union and to apply the solutions on the further development not only of Croatia but also the remaining candidate countries of the European Union.

In this master thesis I want to focus on high rank executives in the National Bank of Czechoslovakia. between years 1938- 1953. These employers are important to me, because they were educated during the time of Austro-Hungarian empire or during the time of The First Czechoslovak Republic. They also had to work under nazist economic system and under communist economic system as well. These interactions between employers and both regimes are the ones that I would like to study in my master thesis. I would also like to study their social background. Their place of birth was also important. It is important to know their skills in foreign languages. Foreign languages were necessary for communication between the bank and other financial institutions. Key words: The National Bank of Czechoslovakia, banking, nazism, communism, social history, bureaucracy, economic system

In this master thesis I want to focus on high rank execs in the National Bank of Czechoslovakia. between years 1938-1953. These employers are important for me, because they were educated during the time of Austro-Hungarian empire or during the time of The First Czechoslovak Republic. They also had to work under nazi economic system and under communist economic system as well. These interactions between employers and both regimes are the ones that I would like to study in my master thesis.

In this master thesis I want to focus on high rank execs in the National Bank of Czechoslovakia. between years 1938-1953. These employers are important for me, because they were educated during the time of Austro-Hungarian empire or during the time of The First Czechoslovak Republic. They also had to work under nazi economic system and under communist economic system as well. These interactions between employers and both regimes are the ones that I would like to study in my master thesis.

Relations of Central bank to Commercial banks The purpose of my thesis is to analyse relations among central bank and commercial banks in current view with emphasising on situation in the Czech Republic. This analysis is a critical appraisal of issues in relation to current legislation, and last but not least also the planned changes, which are currently under discussion. The thesis is divided into five chapters with introduction and abstract. Chapter One is introductory and defines basic terminology used in the thesis like banking system, central bank and commercial banks. This chapter is subdivided into four parts. Part One describes central bank and banking system. Part Two describes central bank, its position, activity and tools. Part Third is focused on commercial banks. Final part deals with trends in the development of the banking sector. Chapter Two characterises subjects of banking system in the Czech Republic and is divided into two parts. Part One outlines organizational structure of the CNB and its main functions. Part Two outlines organizational structure of commercials banks in the Czech Republic. Chapter Three concentrates on banking regulation and supervision and its division. Part One analyzes arguments for and against bank regulation. Part Two is focused on banking regulation and...