Tells the story of the Czech transition from a centrally planned to a market economy, describing the first economic reforms, a fixed exchange rate, and voucher privatization. Also explains why, in the mid-1990s, the Czech Republic liberalization of the capital account, and how it affected the Czech banking system, which leads to massive credit boom. Explores why Československá Obchodni Banka (CSOB), the fourth largest bank in the country, has decided not to participate in a credit boom and how CSOB defined and pursued its expansion strategy. Students will assume the position of Paul Kavanek, General Manager CSOB, which in June 2000, should decide whether to buy CSOB IPB, another major Czech bank on the verge of bankruptcy. "Hide
by Ravi Abdelal, Vincent Dessain, Monika Stachowiak Source: Harvard Business School 27 pages. Publication Date: September 21, 2004. Prod. #: 705007-PDF-ENG
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