Pojištení vkladu: soucasný stav, srovnání a perspektiva v kontextu EU / Credit Insurance: EU context [available in Czech only]

Jiri Hlavacek

No 2006/26, Working Papers IES from Charles University Prague, Faculty of Social Sciences, Institute of Economic Studies

Abstract: Czech laws on Deposit Guarantee-Schemes are characterized. It is described history of rise of the Czech Deposit Insurance Fund and dynamics of its basic characteristics. Czech deposit guarantee system is compared with the European system and with the European Directive on Deposit Guarantee-Schemes. It is calculated the effective rate of “taxation” by the compulsory payment to Czech Deposit Insurance Fund, which is (because of the very low interest rates in the Czech Republic) extremely high (about 30 – 40 %). Recommendations: 1) legislatively prevent politics from controlling the (private) financial funds in the system, 2) discard the audited firms from the Deposit Guarantee-Scheme and 3) decrease the amounts compulsorily paid by banks for deposits of small clients (deposits of households).

Keywords: Deposit Insurance; the Czech Deposit Insurance Fund; the European Directive on Deposit Guarantee-Schemes (search for similar items in EconPapers)
JEL-codes: C10 E53 (search for similar items in EconPapers)
Pages: 18 pages
Date: 2006-09, Revised 2006-09
New Economics Papers: this item is included in nep-acc and nep-ias
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