The Credit Registration Centre and efforts to organise credit registers in Czechoslovakia in the first half of the 20th century
Vědecký článek
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Trvalý odkaz
http://hdl.handle.net/20.500.11956/101825Identifikátory
ISSN: 2336-6710
Kolekce
- Číslo 2 [8]
Autor
Datum vydání
2017Nakladatel
Univerzita Karlova, Filozofická fakultaZdrojový dokument
Prager wirtschafts- und sozialhistorische Mitteilungen - Prague Economic and Social History PapersRok vydání periodika: 2017
Ročník periodika: 26
Číslo periodika: 2
Práva a licenční podmínky
http://creativecommons.org/licenses/by-nc-nd/2.0/Klíčová slova (anglicky)
Economic History, Czechoslovakia, First Republic, Credit Registarion Centre, Central BankingThe present paper considers the creation of an institution that was intended to reduce
the credit risk that the Czechoslovak financial institutions faced at the time of
the first Czechoslovak Republic. Through sharing of debtors’ records, a central credit
records office sought to eliminate those who successfully exploited the financial institutions’
competitive environment and drew on more than one credit facility. The
idea of limiting the risk to creditors, monetary institutions, by means of sharing
some of the information about their clients had emerged at the time of the AustroHungarian
Empire. After the establishment of the republic, the financial institutions
became aware of the positive aspects of the credit records system and strove to institute
it at national level. At first, interest in it was evinced by the major banks, which
in this way tried to reverse the predatory acquisition policy pursued by the newly
established banks. The requirement for the creation of a nationwide credit records
database was also incorporated in the Act on the Bank of Issue. However, there was
a delay of ten years compared with the establishment of the Czechoslovak National
Bank in 1926. Nevertheless, a number of local associations of financial institutions
were created on a private basis, and they shared data on their debtors. The paper focuses
on the attitudes of the financial institutions regarding the nature, extent and
obligatory nature of the national debtors’ register and the causes of the delayed implementation.
In the conclusion it also deals with the functioning of the system until
its dismantling in 1950 when its existence was no longer warranted due to the existence
of a single bank providing short-term loans.