Poland, the Czech Republic or Hungary – Which Country is the Closest to the Euro Zone? Cover Image

Polska, Czechy czy Węgry - który kraj jest najbliżej strefy euro?
Poland, the Czech Republic or Hungary – Which Country is the Closest to the Euro Zone?

Author(s): Tomasz Grabia
Subject(s): Politics / Political Sciences, Politics, Economy, EU-Accession / EU-DEvelopment
Published by: Centrum Europejskie Uniwersytetu Warszawskiego
Keywords: Maastricht Treaty; the Euro Zone; fiscal convergence criteria; monetary convergence criteria; ERM II; central bank independence

Summary/Abstract: The aim of the article is to show the issue connected with adjustments of the Polish, Hungarian and Czech economies to the euro area in the context of the nominal Maastricht convergence criteria (in the years 2004–2013 and, in some cases, also in the first months of 2014). Taking into account those criteria and legislation, the analysis shows that, among the above-mentioned countries, it is the Czech Republic that is closest to the euro zone, followed by Poland and Hungary. It is concluded, however, that none of those countries will probably be interested in replacing the national currency with the euro anytime soon.

  • Issue Year: 20/2016
  • Issue No: 1 (77)
  • Page Range: 149-166
  • Page Count: 18
  • Language: Polish