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Export Potential of SMEs and Euro Adoption in the Czech Republic

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  • Mojmír Helísek

Abstract

The objective of this essay is to access the expected impact of the euro substitution for the Czech crown on exports of small and medium sized enterprises. The assessment has led to a theoretical definition of the transmission mechanism concerning the impact of the currency change on exports. It is the trade effect, transmitted through the elimination of certain transaction costs and exchange rate risk. This effect may also be promoted by the Rose Effect, specifically via SMEs. The Rose Effect is unlikely. This results from 1) currently high share of exports of SMEs in total export that corresponds to the share of GDP generated within the SME sector; 2) above-average share of Czech SMEs that export today.

Suggested Citation

  • Mojmír Helísek, 2013. "Export Potential of SMEs and Euro Adoption in the Czech Republic," European Research Studies Journal, European Research Studies Journal, vol. 0(4), pages 71-78.
    • Handle: RePEc:ers:journl:v:xvi:y:2013:i:4:p:71-78
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    File URL: http://www.ersj.eu/repec/ers/papers/13_4_p6.pdf
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    References listed on IDEAS

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    1. Baldwin, Richard E., 2006. "The euro's trade effects," Working Paper Series 594, European Central Bank.
    2. E. Thalassinos, 2007. "Trade Regionalization, Exchange Rate Policies and EU-US Economic Cooperation," European Research Studies Journal, European Research Studies Journal, vol. 0(1-2), pages 111-118.
    3. Mongelli, Francesco Paolo & Vega, Juan Luis, 2006. "What effects is EMU having on the euro area and its member countries? An overview," Working Paper Series 599, European Central Bank.
    4. Mojmir Helisek, 2011. "Impacts of Financial Crisis on the Euro Introduction in the Czech Republic," ACTA VSFS, University of Finance and Administration, vol. 5(3), pages 220-240.
    5. Almudena Martinez-Campillo & Mª del Pilar Sierra-Fernández, 2012. "Impact of European Integration Process in Spain," European Research Studies Journal, European Research Studies Journal, vol. 0(2), pages 57-80.
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    Cited by:

    1. Mojmir Helisek, 2016. "Supporting Small and Medium-sized Enterprises in Preparing for the Euro Adoption in the Czech Republic," European Research Studies Journal, European Research Studies Journal, vol. 0(4), pages 27-41.
    2. Roman Mentlík & Mojmír Helísek, 2018. "Euro and Corporate Management in Czech Republic," European Research Studies Journal, European Research Studies Journal, vol. 0(2), pages 441-452.

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    More about this item

    Keywords

    Euro Area; Trade Effect; Transaction Costs; Exchange Rate Risk; Rose Effect;
    All these keywords.

    JEL classification:

    • F14 - International Economics - - Trade - - - Empirical Studies of Trade
    • F15 - International Economics - - Trade - - - Economic Integration
    • M16 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Business Administration - - - International Business Administration

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