IDEAS home Printed from https://ideas.repec.org/a/ksa/szemle/1898.html
   My bibliography  Save this article

Az euró és a szlovák gazdaság
[The Euro and the Slovak Economy]

Author

Listed:
  • Bod, Péter Ákos
  • Pócsik, Orsolya
  • Neszmélyi, György Iván

Abstract

Szlovákia a rendszerváltási folyamat második felében dinamikus gazdasági pályát futott be, és sikeresen teljesítette európai integrálódásának intézményi feladatait. A társadalom, valamint a politikai és a gazdasági döntéshozói kör számára viszonyítási keretnek számító visegrádi országcsoportból elsőként - eddig egyedüliként - lépett be az euróövezetbe. A közös európai valuta korai szlovák bevezetése a monetáris önállóságot megtartó másik három visegrádi országgal szemben jelentős különbség, s ez egyúttal lehetőséget kínál a 2008 utáni folyamatok összehasonlító elemzésére. A szlovákiai euróbevezetés közgazdasági és gazdaságpolitikai vonatkozásainak elemzéséből levonható az a következtetés, hogy több kormányzati ciklust átfogó politikai konszenzus szükséges a valutacsere sikeréhez és az abból következő pénzügyi viszonyoknak való megfeleléshez. A közös valutára való áttéréshez fűződő gazdasági előnyök jelentős része már a felkészülési szakaszban jelentkezik. A belépés adminisztratív folyamata során véletlenek is szerephez jutnak abban, hogy milyen körülmények között történik meg a pénzcsere, és fennmarad-e az euróövezetbe bejutó országban a sikeres alkalmazkodáshoz szükséges reformok társadalmi támogatottsága. A szlovák tapasztalatokból számos következtetés és tanulság vonható le a kívül maradók (így Magyarország) számára.* Journal of Economic Literature (JEL) kód: E63, E65, F15, F45, P26, R5

Suggested Citation

  • Bod, Péter Ákos & Pócsik, Orsolya & Neszmélyi, György Iván, 2020. "Az euró és a szlovák gazdaság [The Euro and the Slovak Economy]," Közgazdasági Szemle (Economic Review - monthly of the Hungarian Academy of Sciences), Közgazdasági Szemle Alapítvány (Economic Review Foundation), vol. 0(4), pages 321-351.
    • Handle: RePEc:ksa:szemle:1898
    DOI: 10.18414/KSZ.2020.4.321
    as

    Download full text from publisher

    File URL: http://www.kszemle.hu/tartalom/letoltes.php?id=1898
    Download Restriction: Registration and subscription. 3-month embargo period to non-subscribers.
    File URL: https://libkey.io/10.18414/KSZ.2020.4.321?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    As the access to this document is restricted, you may want to search for a different version of it.

    References listed on IDEAS

    as
    1. Branislav Žúdel & Libor Melioris, 2016. "Five years in a balloon: Estimating the effects of euro adoption in Slovakia using the synthetic control method," OECD Economics Department Working Papers 1317, OECD Publishing.
    2. Fidrmuc, Jan & Horvath, Julius & Fidrmuc, Jarko, 1999. "The Stability of Monetary Unions: Lessons from the Breakup of Czechoslovakia," Journal of Comparative Economics, Elsevier, vol. 27(4), pages 753-781, December.
    3. Claude Giorno, 2019. "Increasing the benefits of Slovakia’s integration in global value chains," OECD Economics Department Working Papers 1552, OECD Publishing.
    4. Silviano Esteve-Pérez & Salvador Gil-Pareja & Rafael Llorca-Vivero & José Antonio Martínez-Serrano, 2011. "The impact of the euro on firm export behaviour: does firm size matter?," Oxford Economic Papers, Oxford University Press, vol. 63(2), pages 355-374, April.
    5. Tibor Lalinsky, 2010. "Business Competitiveness after Euro Adoption in Slovakia," Working and Discussion Papers OP 3/2010, Research Department, National Bank of Slovakia.
    6. Bod, Péter Ákos, 2012. "Az euró átvétele nem pénzügyi, hanem nemzetstratégiai döntés," Közgazdasági Szemle (Economic Review - monthly of the Hungarian Academy of Sciences), Közgazdasági Szemle Alapítvány (Economic Review Foundation), vol. 0(6), pages 695-698.
    7. Neményi, Judit & Oblath, Gábor, 2012. "Az euró bevezetésének újragondolása [Rethinking Hungary s prospective adoption of the Euro]," Közgazdasági Szemle (Economic Review - monthly of the Hungarian Academy of Sciences), Közgazdasági Szemle Alapítvány (Economic Review Foundation), vol. 0(6), pages 569-684.
    8. Csaba, László, 2012. "Milyen euró kell nekünk? És mi végre?," Közgazdasági Szemle (Economic Review - monthly of the Hungarian Academy of Sciences), Közgazdasági Szemle Alapítvány (Economic Review Foundation), vol. 0(6), pages 706-709.
    9. Tibor Lalinsky & Jaanika Meriküll, 2021. "The Effect of the Single Currency on Exports: Comparative Firm-Level Evidence," International Journal of Central Banking, International Journal of Central Banking, vol. 17(3), pages 203-239, September.
    10. Ca' Zorzi, Michele & Dieppe, Alistair & Chudik, Alexander, 2009. "Current account benchmarks for central and eastern Europe: a desperate search?," Working Paper Series 995, European Central Bank.
    11. Darvas, Zsolt & Szapáry, György, 2008. "Az euróövezet bővítése és euróbevezetési stratégiák [Euro-area enlargement and euro adoption strategies]," Közgazdasági Szemle (Economic Review - monthly of the Hungarian Academy of Sciences), Közgazdasági Szemle Alapítvány (Economic Review Foundation), vol. 0(10), pages 833-873.
    12. Fritz Machlup, 1977. "A History of Thought on Economic Integration," Palgrave Macmillan Books, Palgrave Macmillan, number 978-1-349-03171-9, December.
    13. Olivier Blanchard, 2007. "Adjustment within the euro. The difficult case of Portugal," Portuguese Economic Journal, Springer;Instituto Superior de Economia e Gestao, vol. 6(1), pages 1-21, April.
    14. Fidrmuc, Jarko & Klein, Caroline & Price, Robert & Wörgötter, Andreas, 2013. "Slovakia: A Catching Up Euro Area Member In and Out of the Crisis," IZA Policy Papers 55, Institute of Labor Economics (IZA).
    15. Wojciech Bieńkowski & Josef C. Brada & Mariusz-Jan Radło (ed.), 2008. "Growth versus Security," Palgrave Macmillan Books, Palgrave Macmillan, number 978-0-230-22823-8, December.
    16. Juraj Zeman, 2012. "Costs and benefits of Slovakia entering the euro area. A quantitative evaluation," Working and Discussion Papers WP 1/2012, Research Department, National Bank of Slovakia.
    17. Wisniewski, Anna, 2005. "A visegrádi országok felkészültsége a GMU-csatlakozásra [Tension in the Visegrád countries over EMU accession]," Közgazdasági Szemle (Economic Review - monthly of the Hungarian Academy of Sciences), Közgazdasági Szemle Alapítvány (Economic Review Foundation), vol. 0(9), pages 664-682.
    18. Jarko Fidrmuc & Andreas Wörgötter, 2013. "Slovakia: The Consequences of Joining the Euro Aea before the Crisis for a Small Catching-up Economy," CESifo Forum, ifo Institute - Leibniz Institute for Economic Research at the University of Munich, vol. 14(01), pages 57-63, May.
    19. Ivan Mikloš, 2008. "Slovakia: A Story of Reforms," Palgrave Macmillan Books, in: Wojciech Bieńkowski & Josef C. Brada & Mariusz-Jan Radło (ed.), Growth versus Security, chapter 3, pages 54-88, Palgrave Macmillan.
    Full references (including those not matched with items on IDEAS)

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Tarafás, Imre, 2013. "Az euró - vélt és valódi gyengeségek [The euro - its weaknesses real and imagined]," Közgazdasági Szemle (Economic Review - monthly of the Hungarian Academy of Sciences), Közgazdasági Szemle Alapítvány (Economic Review Foundation), vol. 0(3), pages 359-364.
    2. Ms. Florence Jaumotte & Piyaporn Sodsriwiboon, 2010. "Current Account Imbalances in the Southern Euro Area," IMF Working Papers 2010/139, International Monetary Fund.
    3. Fidrmuc, Jan & Horvath, Julius & Fidrmuc, Jarko, 1999. "The Stability of Monetary Unions: Lessons from the Breakup of Czechoslovakia," Journal of Comparative Economics, Elsevier, vol. 27(4), pages 753-781, December.
    4. Tibor Lalinsky & Jaanika Meriküll, 2021. "The Effect of the Single Currency on Exports: Comparative Firm-Level Evidence," International Journal of Central Banking, International Journal of Central Banking, vol. 17(3), pages 203-239, September.
    5. Horvath, Julius, 2003. "Optimum currency area theory: A selective review," BOFIT Discussion Papers 15/2003, Bank of Finland Institute for Emerging Economies (BOFIT).
    6. Marek A. Dąbrowski & Łukasz Kwiatkowski & Justyna Wróblewska, 2020. "Sources of Real Exchange Rate Variability in Central and Eastern European Countries: Evidence from Structural Bayesian MSH-VAR Models," Central European Journal of Economic Modelling and Econometrics, Central European Journal of Economic Modelling and Econometrics, vol. 12(4), pages 369-412, December.
    7. Fidrmuc, Jan & Horvath, Julius & Fidrmuc, Jarko, 1999. "The Stability of Monetary Unions: Lessons from the Breakup of Czechoslovakia," Journal of Comparative Economics, Elsevier, vol. 27(4), pages 753-781, December.
    8. Palánkai, Tibor & Benczes, István & Kollai, István, 2022. "Egységes valuta az európai integráció perspektívájában [The single currency in the context of European integration]," Közgazdasági Szemle (Economic Review - monthly of the Hungarian Academy of Sciences), Közgazdasági Szemle Alapítvány (Economic Review Foundation), vol. 0(3), pages 299-313.
    9. Török, Ádám, 2012. "Tankolás a levegőben?. Megjegyzések a magyar euróbevezetési stratégia feltételeiről és korlátairól [Fuelling in flight?. Notes on the conditions and constraints on Hungary s strategy for introducin," Közgazdasági Szemle (Economic Review - monthly of the Hungarian Academy of Sciences), Közgazdasági Szemle Alapítvány (Economic Review Foundation), vol. 0(7), pages 911-916.
    10. Mihályi, Péter, 2012. "Ez a hajó elment... Az euró magyarországi bevezetése - múlt és jövő [Missed the boat... Hungary s introduction of the euro - past and present]," Közgazdasági Szemle (Economic Review - monthly of the Hungarian Academy of Sciences), Közgazdasági Szemle Alapítvány (Economic Review Foundation), vol. 0(7), pages 917-922.
    11. Vassilis Monastiriotis & Cigdem Borke Tunali, 2020. "The Sustainability of External Imbalances in the European Periphery," Open Economies Review, Springer, vol. 31(2), pages 273-294, April.
    12. Nir Jaimovich & Sergio Rebelo, 2009. "Can News about the Future Drive the Business Cycle?," American Economic Review, American Economic Association, vol. 99(4), pages 1097-1118, September.
    13. repec:spo:wpmain:info:hdl:2441/3cr7jj61bs68cvg998pq0844g is not listed on IDEAS
    14. António Afonso & Jorge Silva, 2017. "Current account balance cyclicality," Applied Economics Letters, Taylor & Francis Journals, vol. 24(13), pages 911-917, July.
    15. Peydró, José-Luis & Jasova, Martina & Mendicino, Caterina & Panetti, Ettore & Supera, Dominik, 2021. "Monetary Policy, Labor Income Redistribution and the Credit Channel: Evidence from Matched Employer-Employee and Credit Registe," CEPR Discussion Papers 16549, C.E.P.R. Discussion Papers.
    16. Karsten Staehr, 2008. "The Maastricht Inflation Criterion and the New EU Members from Central and Eastern Europe," Bank of Estonia Working Papers 2008-04, Bank of Estonia, revised 30 Oct 2008.
    17. Henryk Wnorowski, 2010. "Wpływ podatków na wzrost gospodarczy i konkurencyjność w ujęciu instytucjonalnym," Gospodarka Narodowa. The Polish Journal of Economics, Warsaw School of Economics, issue 4, pages 47-65.
    18. Fidrmuc, Jarko & Fidrmuc, Jan, 2000. "Integration, disintegration and trade in Europe: Evolution of trade relations during the 1990s," ZEI Working Papers B 03-2000, University of Bonn, ZEI - Center for European Integration Studies.
    19. J. Fidrmuc & J. Fidrmuc, 2000. "Macroeconomic Developments in the Czech Republic and the EU Accession Process," Working Papers ir00008, International Institute for Applied Systems Analysis.
    20. Ca’ Zorzi, Michele & Chudik, Alexander & Dieppe, Alistair, 2012. "Thousands of models, one story: Current account imbalances in the global economy," Journal of International Money and Finance, Elsevier, vol. 31(6), pages 1319-1338.
    21. repec:spo:wpecon:info:hdl:2441/3cr7jj61bs68cvg998pqgd533 is not listed on IDEAS
    22. Hijzen Alexander & Martins Pedro S., 2020. "No extension without representation? Evidence from a natural experiment in collective bargaining," IZA Journal of Labor Economics, Sciendo & Forschungsinstitut zur Zukunft der Arbeit GmbH (IZA), vol. 9(1), pages 1-31, March.

    More about this item

    JEL classification:

    • E63 - Macroeconomics and Monetary Economics - - Macroeconomic Policy, Macroeconomic Aspects of Public Finance, and General Outlook - - - Comparative or Joint Analysis of Fiscal and Monetary Policy; Stabilization; Treasury Policy
    • E65 - Macroeconomics and Monetary Economics - - Macroeconomic Policy, Macroeconomic Aspects of Public Finance, and General Outlook - - - Studies of Particular Policy Episodes
    • F15 - International Economics - - Trade - - - Economic Integration
    • F45 - International Economics - - Macroeconomic Aspects of International Trade and Finance - - - Macroeconomic Issues of Monetary Unions
    • P26 - Political Economy and Comparative Economic Systems - - Socialist and Transition Economies - - - Property Rights
    • R5 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - Regional Government Analysis

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:ksa:szemle:1898. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Odon Sok (email available below). General contact details of provider: http://www.kszemle.hu .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.