Prospects of Adopting the Euro in the Czech Republic

Petr Gocev ()
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Petr Gocev: University of Economics, Prague/CESES Faculty of Social Sciences, Charles University

ACTA VSFS, 2011, vol. 5, issue 2, 177-185

Abstract: The article explores prospects of adopting the euro in the Czech Republic. Interests and arguments of important stakeholders are discussed, concluding that reasons for diverging attitudes result from conflicting particular economic interests and political preferences on the future course of European integration. Special attention is given to inflationary and distributional consequences of adopting the euro while the Czech Koruna is still appreciating. The article explains why the Czech Republic ceased aiming at the Euro area accession and concludes that the process of the euro adoption may be eventually launched only if political power shifts to eurooptimistic political parties.

Keywords: European Monetary Union; euro; inflation; monetary policy; exchange rate (search for similar items in EconPapers)
JEL-codes: E52 F33 (search for similar items in EconPapers)
Date: 2011
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Persistent link: https://EconPapers.repec.org/RePEc:prf:journl:v:5:y:2011:i:2:p:177-185

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