Exchange-rate System between the Czech and Slovak Republics

Katerina Smidkova ()

Macroeconomics from EconWPA

Abstract: In 1992, the political dissolution of Czechoslovakia highlighted the problem of designing monetary disintegration for two interdependent republics. In this study, the exchange-rate system of the two newly established currencies that was an analogy to the currency union was described. The newly gained potential of independence in monetary and exchange-rate policies was analyzed in this context. The study assessed costs and benefits of the gradual approach to monetary disintegration that was applied in the Czech-Slovak case. The analysis suggested that the careful design with two intermediate stages was superior to a longer maintaining of a common currency or a sudden monetary disintegration.

Keywords: Currency; Union; Czech; Slovak; Dissolution (search for similar items in EconPapers)
JEL-codes: E (search for similar items in EconPapers)
New Economics Papers: this item is included in nep-ifn and nep-tra
Date: 2003-04-11
Note: Type of Document - ; pages: 20 . IE CNB Working paper 1994/16
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Persistent link: http://EconPapers.repec.org/RePEc:wpa:wuwpma:0304004

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