Měnová reforma 1919 v Československu

This thesis will focused on the monetary reform in 1919 in Czechoslovakia. The first part of the thesis describes the creation of an independent Czechoslovakia republic, Austro-Hungarian crown and analysing Alois Rašín's personality so as his economical view. The main part emphasises the preparation and implementation of the monetary reform and how the targets were accomplished. As follows the study concentrates on the concept of monetary policy which pursues the monetary reform that is provided by Rašín's influence and character. After unsuccessful monetary restriction, crown was strengthen via foreign currency exchange and this led to reach Alois Rašín's monetary concept of deflation policy. Not only the study looks into the monetary reform itself but also analyses monetary policy associated with gaining of independency and appreciation of Czechoslovakian currency. The conclusion sums up the monetary reform and shows that the reform itself as the tool of deflation policy didn't succeed and thus the appreciation of the currency through foreign currency had positive but also negative impact on the whole economy.