Prospects for the participation of the Czech koruna in ERM II

Result code in IS VaVaI
<a href="https://www.isvavai.cz/riv?ss=detail&h=RIV%2F26138077%3A_____%2F16%3A%230000886" target="_blank" >RIV/26138077:_____/16:#0000886 - isvavai.cz</a>
Result on the web
<a href="http://www.slu.cz/opf/cz/struktura/katedry/katedra-ekonomie-a-verejne-spravy/konference-kek-2016/Conference_Proceedings_part-1.pdf" target="_blank" >http://www.slu.cz/opf/cz/struktura/katedry/katedra-ekonomie-a-verejne-spravy/konference-kek-2016/Conference_Proceedings_part-1.pdf</a>
DOI - Digital Object Identifier
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Result language
angličtina
Original language name
Prospects for the participation of the Czech koruna in ERM II
Original language description
The condition for introduction of the euro, according to the Maastricht convergence criteria, is at least two years participation in the exchange rate mechanism ERM II (exchange rate stability criterion). The participation in ERM II is compatible with certain exchange rate regimes only. The aim of this paper is to find arguments for choosing one of these regimes. The starting point is the current strategy of introduction of the euro in the Czech Republic, expressing concern about the fixing of the exchange rate. Experiences with exchange rate regimes applied with participation in ERM II by the new Member States of the euro area are being evaluated. The fixing of the exchange rate in the regime peg with a band of oscillation of 15% in both directions is the working hypothesis. Criteria of the so-called normal fluctuations margins and so-called severe tension, i.e. developments in foreign exchange reserves and interest rates, are being discussed.
Czech name
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Czech description
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Project
<a href="/en/project/GA16-21506S" target="_blank" >GA16-21506S: New Sources of Systemic Risk in the Financial Markets</a><br>
Continuities
P - Projekt vyzkumu a vyvoje financovany z verejnych zdroju (s odkazem do CEP)

Publication year
2016
Confidentiality
S - Úplné a pravdivé údaje o projektu nepodléhají ochraně podle zvláštních právních předpisů

Article name in the collection
14th International Scientific Conference “Economic Policy in the European Union Member Countries”. Conference Proceedings.
ISBN
9788075102102
ISSN
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e-ISSN
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Number of pages
11
Pages from-to
212-222
Publisher name
Slezská univerzita v Opavě - Obchodně podnikatelská fakulta karviná
Place of publication
Karviná
Event location
Petrovice u Karviné
Event date
Jan 1, 2016
Type of event by nationality
EUR - Evropská akce
UT code for WoS article
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