Česka koruna nebo euro?

Czech crown or eur?

Antonin Rusek and William A. Ward

Politická ekonomie, 2001, vol. 2001, issue 2

Abstract: Moderate recovery of Czech economy in the first half of 2000 raises a question whether it is the beginning of a new era of economic growth or a mere cyclical motion. The balance of payments is the main obstacle of permanent economic growth; domestic savings should be increased substantially to tackle with it. Czech economy after the year 1993 is analyzed in this article while the balance of payments is identified as the main obstacle of permanent growth, and it is explained why the adoption of a foreign currency (EUR) would overcome this obstacle.

Keywords: economic growth; balance of payments; domestic savings; foreign currency (search for similar items in EconPapers)
Date: 2001
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DOI: 10.18267/j.polek.207

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