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Prospects of Adopting the Euro in the Czech Republic

Author

Listed:
  • Petr Gocev

    (University of Economics, Prague/CESES Faculty of Social Sciences, Charles University)

Abstract

The article explores prospects of adopting the euro in the Czech Republic. Interests and arguments of important stakeholders are discussed, concluding that reasons for diverging attitudes result from conflicting particular economic interests and political preferences on the future course of European integration. Special attention is given to inflationary and distributional consequences of adopting the euro while the Czech Koruna is still appreciating. The article explains why the Czech Republic ceased aiming at the Euro area accession and concludes that the process of the euro adoption may be eventually launched only if political power shifts to eurooptimistic political parties.

Suggested Citation

  • Petr Gocev, 2011. "Prospects of Adopting the Euro in the Czech Republic," ACTA VSFS, University of Finance and Administration, vol. 5(2), pages 177-185.
    • Handle: RePEc:prf:journl:v:5:y:2011:i:2:p:177-185
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    References listed on IDEAS

    as
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    More about this item

    Keywords

    European Monetary Union; euro; inflation; monetary policy; exchange rate;
    All these keywords.

    JEL classification:

    • E52 - Macroeconomics and Monetary Economics - - Monetary Policy, Central Banking, and the Supply of Money and Credit - - - Monetary Policy
    • F33 - International Economics - - International Finance - - - International Monetary Arrangements and Institutions

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