Monetary Policy and the Path to Successful Introduction of Euro in Slovak Republic

Júlia Ďurčová and Ľudmila Bartóková
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Júlia Ďurčová: Technical University of Košice, Faculty of Economics
Ľudmila Bartóková: Technical University of Košice, Faculty of Economics

Chapter 9 in Serbia and the European Union: Economic Lessons from the New Member States, 2011, vol. 1, pp 133-146 from Institute of Economic Sciences

Abstract: This paper is focused on the process of introducing the euro in Slovak Republic. The first part analyses the strategy of monetary policy during this process, namely the inflation targeting. The second part mentions the road to European Economic and Monetary Union, particular steps and Maastricht criteria fulfilment. The third part deals with possible problem areas during the process of currency changeover, such as inflation criterion, government deficit criterion and the costs of the introduction of new currency. The final part analyses the first year of euro as new Slovak national currency as well as the perspectives of Slovak Republic within Economic and Monetary Union.

Keywords: Monetary policy; inflation targeting; euro changeover; convergence criteria (search for similar items in EconPapers)
Date: 2011
ISBN: 978-971-9344-03-9
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