Emisní instituce a jejich fungování v Československu 1918–1939

This diploma thesis aims to evaluate how successful the monetary policy of the issuing institutions of the newly established Czechoslovakian state was and, among other things, how much it was influenced by the economic current of the analysed period. The purpose of the work is to analyze the national economic context in the creation of new emission institutions, by comparing the goals and practical steps of these institutions. The interwar period is an important milestone in the development of the Czechoslovakia. The emergence of the independent Czechoslovak state brought with it many new laws and a rapid transformation of the economy. The subsequent major economic crisis and its negative impact on the Czechoslovak economy represented a severe test for the developing state. It was later interrupted by the beginning of the transformation to a war economy, especially due to the situation in Nazi Germany. Monetary policy is an important tool for the state and in the period under review it was the main pillar in building a sovereign state and creating its stability. The result of the work is the conclusion that the hypothesis was not clearly confirmed, as Czechoslovak emission institutions fulfilled their goals only in certain time stages. The biggest deviation from the hypothesis is the 1930s, in which there is a gradual deviation from the main economic current until that time.