FinObservatory

Crisis atlas / CZE

Czech Republic

10 distinct crisis events in 4 episodes, 19232021, from the union of five primary chronologies.

Debt profile: government debt trajectory and crisis-start levels →

10
Banking crises
0
Currency crises
0
Sovereign debt crises
10
Crisis events
1923–2021
Span

Crisis timeline

Every distinct (year, type) event, most recent first, with the chronologies flagging it. Start-year sources (GMD, JST) do not mark continuation years, so long episodes show lower agreement after their first year.

  1. 2021
    Bankingesrb1 source
  2. 2020
    Bankingesrb1 source
  3. 2000
    Bankingesrb, laeven_valencia2 sources
  4. 1999
    Bankingesrb, laeven_valencia2 sources
  5. 1998
    Bankingesrb, laeven_valencia2 sources
  6. 1997
    Bankingesrb, laeven_valencia2 sources
  7. 1996
    Bankinglaeven_valencia1 source
  8. 1995
    Bankinggmd1 source
  9. 1991
    Bankinggmd1 source
  10. 1923
    Bankinggmd1 source

Source: Global Macro Database 2026_06 (Müller, Xu, Lehbib & Chen 2025) | Jordà-Schularick-Taylor Macrohistory R6 | Laeven & Valencia (2020) | Reinhart-Rogoff via HBS BFFS | ECB/ESRB Financial Crises Database Methodology

Macro context around each episode

Inflation, central-bank policy rate, and government debt in a window of five years either side of each crisis episode (consecutive crisis years bridged across gaps of up to two years). Crisis years shaded.

1923

Banking
Inflation (% y/y)
-20246191819231928
Policy rate (%)
No data for this window
Govt debt (% of GDP)
0204060191819231928

1991

Banking
Inflation (% y/y)
0204060198619911996
Policy rate (%)
051015198619911996
Govt debt (% of GDP)
01020198619911996

1995–2000

BankingFiscal cost 6.8% of GDP (Laeven-Valencia 2026)
Inflation (% y/y)
0204060199019952005
Policy rate (%)
051015199019952005
Govt debt (% of GDP)
0102030199019952005
Inflation (% y/y)
01020201520202025
Policy rate (%)
02.557.5201520202025
Govt debt (% of GDP)
0204060201520202025

Source: Global Macro Database 2026_06 (Müller, Xu, Lehbib & Chen 2025) Inflation is % year over year; policy rate is the central-bank rate in %; government debt is % of GDP. Methodology