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The Czech National Bank - its legal status
Nováková, Marianna ; Boháč, Radim (advisor) ; Kohajda, Michael (referee)
71 Summary Czech National Bank - Legal Position This paper analyses the legal position of Czech Natitonal Bank as an entity vested with the powers and functions of central bank. The legal position of Czech National Bank is determined by the Constitution of the Czech Republic and implementing statute - Act. No. 6/1993 Coll., on the Czech National Bank, as amended. Article 98 of the Constitution of the Czech Republic estabilishes CNB as central bank of the state and sets its primary objective which is to maintain price stability. Interventions in its activities are only permissible on the basis of the law. Under Act No. 6/1993 Coll., on the Czech National Bank, central bank is an institution governed by public law, supervisor of czech financial market and it is vested with the powers of administartive authority to the extend specified by the law. It manages the assets entrusted to it by the state independently and with due diligence. Initial part of this paper (chapter 2) presents economic links of central banking, while concentrating on origin of money, banking system and central banking with its functions as whole. Chapter 3 is dedicated to the concept of independency of central bank, relations of independency and accountability and main principles of independency according to the legislation of the...
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The Czech National Bank - its legal status
Nováková, Marianna ; Kohajda, Michael (referee) ; Boháč, Radim (advisor)
71 Summary Czech National Bank - Legal Position This paper analyses the legal position of Czech Natitonal Bank as an entity vested with the powers and functions of central bank. The legal position of Czech National Bank is determined by the Constitution of the Czech Republic and implementing statute - Act. No. 6/1993 Coll., on the Czech National Bank, as amended. Article 98 of the Constitution of the Czech Republic estabilishes CNB as central bank of the state and sets its primary objective which is to maintain price stability. Interventions in its activities are only permissible on the basis of the law. Under Act No. 6/1993 Coll., on the Czech National Bank, central bank is an institution governed by public law, supervisor of czech financial market and it is vested with the powers of administartive authority to the extend specified by the law. It manages the assets entrusted to it by the state independently and with due diligence. Initial part of this paper (chapter 2) presents economic links of central banking, while concentrating on origin of money, banking system and central banking with its functions as whole. Chapter 3 is dedicated to the concept of independency of central bank, relations of independency and accountability and main principles of independency according to the legislation of the...
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