Era of governor Tosovsky ends

After 11 years in office, Czech National Bank Governor Josef Tosovsky handed in his resignation on Tuesday, just weeks before a new law that will significantly limit the central bank's independence is due to come in force. On the same day, he was appointed Chairman of the Financial Stability Institute of the Bank for International Settlements in Basil, Switzerland. What was the era of Mr. Tosovsky like? And are there political implications in his resignation? Vladimir Tax spoke to economic analyst Jan Sykora of Wood and Company to find out: