Czech banks in context of the economy's equilibrium, growth and competitiveness

Petr Chvojka

Prague Economic Papers, 2001, vol. 2001, issue 2

Abstract: The paper deals with the problem of interrelated development of basic economic characteristics - growth, equilibrium and the resulting international competitiveness of an economy - and tries to find whether and in which way their inherent contradictions could be influenced by a suitable economic policy. The possibilities of applying a monetary policy with optimal results are discussed under the viewpoint of the specific conditions of the Czech economy's transformation (such as the problem of limited functioning of the financial and banking system in an uncompleted institutional, legal, control framework). These conditions are both limiting the possibilities of positive interaction between the macroeconomic policies and the development of the microsphere, and at the same time are producing the problem of disparity in the development of the monetary (financial) and real (production) spheres.

Keywords: economic equilibrium and growth; efficiency of monetary policy in transforming economy; disparity of monetary and real spheres in transforming economy (search for similar items in EconPapers)
Date: 2001
References: Add references at CitEc
Citations:

Downloads: (external link)
http://pep.vse.cz/doi/10.18267/j.pep.172.html (text/html)
free of charge

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:prg:jnlpep:v:2001:y:2001:i:2:id:172

Ordering information: This journal article can be ordered from
Editorial office Prague Economic Papers, University of Economics, nám. W. Churchilla 4, 130 67 Praha 3, Czech Republic
http://pep.vse.cz

DOI: 10.18267/j.pep.172

Access Statistics for this article

Prague Economic Papers is currently edited by Klára Pavlová

More articles in Prague Economic Papers from Prague University of Economics and Business Contact information at EDIRC.
Bibliographic data for series maintained by Stanislav Vojir ().