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Contents  DECLARATION OF AUTHORSHIP .......................................................................... 1


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Contents 
DECLARATION OF AUTHORSHIP .......................................................................... 1
ACKNOWLEDGMENT ................................................................................................ 2
ABSTRACT .................................................................................................................... 3
CONTENTS .................................................................................................................... 4
1
CHAPTER I. INTRODUCTION .......................................................................... 7
2
CHAPTER II. LITERATURE OVERVIEW ...................................................... 9
2.1
Background of global financial crisis ......................................................................................... 9
2.2
Managing Global Financial Crisis ............................................................................................ 15
3
CHAPTER III. CRISIS IN CZECH REPUBLIC ............................................. 25
3.1
Beginning of banking crisis ....................................................................................................... 25
3.2
Development of credit cycle and its impact in financial system ............................................ 26
3.3
Stream of credit market and causes of credit concentration in Czech Republic ................. 30
3.4
Czech banking system and global financial crisis ................................................................... 33
4
CHAPTER IV. RISK MANAGEMENT PROCESS IN FINANCIAL 
INSTITUTIONS ........................................................................................................... 36
4.1

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