Brief History of Currency Separation ? Case study of Czech and Slovak Koruna

Klara Cermakova ()
Additional contact information
Klara Cermakova: University of Economics in Prague

International Journal of Economic Sciences, 2017, vol. 6, issue 2, 30-44

Abstract: This paper aims at describing the process of currency separation of Czech and Slovak koruna and its economic and political background, highlights some of its unique features which ensured smooth currency separation, avoided speculation and enabled preservation of the policy of a stable exchange rate and increased confidence in the new monetary systems. This currency separation was higly appreciated and its scenario and legislative background were reccommended by the IMF for use in other countries. The paper aims also to draw conclusions on performance of selected macroeconomic variables of the two successor countries with impact on monetary policy and exchange rates of successor currencies.

Keywords: currency separation; exchange rate; monetary policy; economic performance; inflation; payment system; central bank (search for similar items in EconPapers)
JEL-codes: E44 E50 E52 (search for similar items in EconPapers)
Date: 2017
References: View references in EconPapers View complete reference list from CitEc
Citations:

Downloads: (external link)
https://iises.net/international-journal-of-economi ... lication-detail-1635
https://iises.net/international-journal-of-economi ... tail-1635?download=2

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:sek:jijoes:v:6:y:2017:i:2:p:30-44

Access Statistics for this article

International Journal of Economic Sciences is currently edited by Robert Holman

More articles in International Journal of Economic Sciences from International Institute of Social and Economic Sciences
Bibliographic data for series maintained by Klara Cermakova ().