The Comparison of Preparedness of the Czech Republic and Slovakia to Introduction of Euro Cover Image

Komparace připravenosti České republiky a Slovenské republiky na zavedení eura
The Comparison of Preparedness of the Czech Republic and Slovakia to Introduction of Euro

Author(s): Marian Lebiedzik, Pavel Tuleja, Iveta Pauhófová
Subject(s): Economy
Published by: Ekonomický ústav SAV a Prognostický ústav SAV
Keywords: Euro zone; euro; convergence; nominal convergence; real convergence

Summary/Abstract: The Czech Republic and Slovakia before their entrance to the European Union committed to fulfil all conditions necessary for introducing the common European currency. While in case of the Czech Republic appears as possible term of entrance the country to the Euro-zone year 2012 or even later, in case of Slo-vakia is in last months more often discussed about 1st January 2009, whereas it will depend on the level of fulfilment of Maastricht criterias of nominal convergence. Although succesfull fulfilment of these criterias appears as bottom line for entrancing new country to the Euro-zone, according to many experts, is more important to fulfil real economic convergence criterias. This contribution deals with a process of real convergence of these two economics.

  • Issue Year: 56/2008
  • Issue No: 01
  • Page Range: 22-38
  • Page Count: 17
  • Language: Czech