In this paper the concept of total gross seigniorage is used to analyze sources and uses of central bank seigniorage revenues in the Czech Republic during the period 1993-1997. A comprehensive framework for measuring total gross seigniorage and its main components is presented and estimates of...

We address the question of exchange rate regime for the Czech Republic before it enters the EU and the EMU. We classify macroeconomic impacts of a single currency regime according to the traditional OCA theory. Using quantitative measures, we find the degree of macroeconomic convergence between...

A survey of the current situation in the financial system of the Czech Republic is given on a relevant historical background. Special attention is drawn to the transformation of the banking sector during the economic reforms of 1990-1996. The situation on the capital market is discussed in...