Publication detail

Credit Insurance: EU context

Author(s): prof. RNDr. Jiří Hlaváček CSc.,
Type: IES Working Papers
Year: 2006
Number: 26
Published in: IES WP 2006/26
Publishing place: Prague
Keywords: Deposit Insurance, the Czech Deposit Insurance Fund, the European Directive on Deposit Guarantee-Schemes
JEL codes: E53, C10
Suggested Citation: Hlavácek, J., (2006). “ Pojištení vkladu: soucasný stav, srovnání a perspektiva v kontextu EU ” IES Working Paper 26/2006, IES FSV. Charles University
Grants: 402/07/0890 GA CR (2007-2009): Network Approaches to Economic Modeling IES Research Framework Institutional task (2005-2011) Integration of the Czech economy into European union and its development
Abstract: Czech laws on Deposit Guarantee-Schemes are characterized. It is described history of rise of the Czech Deposit Insurance Fund and dynamics of its basic characteristics. Czech deposit guarantee system is compared with the European system and with the European Directive on Deposit Guarantee-Schemes. It is calculated the effective rate of “taxation” by the compulsory payment to Czech Deposit Insurance Fund, which is (because of the very low interest rates in the Czech Republic) extremely high (about 30 – 40 %). Recommendations: 1) legislatively prevent politics from controlling the (private) financial funds in the system, 2) discard the audited firms from the Deposit Guarantee-Scheme and 3) decrease the amounts compulsorily paid by banks for deposits of small clients (deposits of households).
Downloadable: WP 2006_26_Hlavacek


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