THE STRUGGLE BETWEEN SLOVAK AND GERMAN FINANCIAL CAPITAL FOR POSITIONS IN THE SLOVAK FINANCE, 1939-1945 (Zapas slovenskeho a nemeckeho financneho kapitalu o pozicie v penaznictve Slovenska 1939 - 1945)
One of the main aims of the government circles of the Slovak Republic in the 1939-1945 was the control of finance and business sphere by the national Slovak capital. The pre-condition for implementing these plans was strengthening of the position of national Slovak banking by means of concentration of finance. However, the government program in finance and business struck against the plans of Nazi Germany for the expansion of its banks and companies into the industrial complex of Slovakia and the whole Central Europe. One of the key conditions for achieving the aims of German capital was participation in the financial system of individual countries by means of bank affiliations. The leading financial institutions of Slovakia came into a conflict of interests with the incomparably larger banking centres of Nazi Germany. German capital, represented by two affiliated banks in Bratislava, entered the process of concentration of finance, and applied economic and political pressure to strengthen their position in the Slovak financial sphere. There was some degree of compromise to demonstrate good will towards allies or vassals. Therefore, banking became one of the few economic fields, where the regime to some extent achieved its aim of nationalizing foreign capital.
Financed by the National Centre for Research and Development under grant No. SP/I/1/77065/10 by the strategic scientific research and experimental development program:
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