Choice of Invoice Currency by Czech Exporters

Result code in IS VaVaI
<a href="https://www.isvavai.cz/riv?ss=detail&h=RIV%2F60076658%3A12510%2F14%3A43887384" target="_blank" >RIV/60076658:12510/14:43887384 - isvavai.cz</a>
Result on the web
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DOI - Digital Object Identifier
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Result language
angličtina
Original language name
Choice of Invoice Currency by Czech Exporters
Original language description
The Czech Republic, a member state of the European Union, has not yet adopted the Euro, although there is some current debate about when it should proceed to do so. To explore any likely benefits to Czech exporters from the adoption of the Euro, a pilotstudy on the choice of invoice and purchase currency was conducted with Czech exporters, largely SMEs, during 2013. Data was gathered by means of a survey questionnaire. This paper analyses the various currencies used by Czech exporters and their relationships to enterprise size and age as well as industry sector. The results are a useful adjunct in the discussion on the future adoption of the Euro by the Czech Republic. The results confirm a large degree of openness of the Czech economy in respect of the Euro. The Czech Republic currently exports 73% of its production, with 63 % of this destined for the Eurozone, consequently, it is concluded that Czech exporters would benefit by adopting the Euro, as under these circumstances, foreign
Czech name
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Czech description
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Project
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Continuities
I - Institucionalni podpora na dlouhodoby koncepcni rozvoj vyzkumne organizace

Publication year
2014
Confidentiality
S - Úplné a pravdivé údaje o projektu nepodléhají ochraně podle zvláštních právních předpisů

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