Acta academica karviniensia 2015, 15(1):19-31 | DOI: 10.25142/aak.2015.002

COMPARISON OF BANKING SYSTEMS AND CENTRAL BANKS IN THE CZECH REPUBLIC AND THE UNITED KINGDOM

Liběna Černohorská
Univerzita Pardubice, Fakulta ekonomicko-správní, Studentská 84,530 09 Pardubice, Email:libena.cernohorska@upce.cz

The aim of this paper is to make a comparison of the banking sector in the Czech Republic and United Kingdom. Selected banking sectors are compared according to independence of their central bank, the regulation and supervision of financial markets in these countries, the type of banking, financial institutions, inflation targeting, interest rates and capital adequacy. The banking sector in the Czech Republic and the United Kingdom are part of the European financial market. Yet they show differences that are caused by the historical development and the different position of central banks and their policy during financial crises. Comparison of banking systems and central banks is performed based on descriptive and measurable indicators. Selected central bank used unconventional monetary policy response to the challenges of the financial crisis. The biggest difference lies in the regulation of banking sectors monitored and used instruments of monetary policy in times of financial crisis and they differ also in the used models of banking systems.

Keywords: bank, Bank of England, banking system, central bank, Czech National Bank
JEL classification: E42, E52, E58

Received: February 9, 2015; Accepted: May 27, 2015; Published: March 30, 2015  Show citation

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Černohorská L. COMPARISON OF BANKING SYSTEMS AND CENTRAL BANKS IN THE CZECH REPUBLIC AND THE UNITED KINGDOM. Acta academica karviniensia. 2015;15(1):19-31. doi: 10.25142/aak.2015.002.
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