Czech Republic

Kód výsledku v IS VaVaI

<a href="https://www.isvavai.cz/riv?ss=detail&h=RIV%2F00216224%3A14230%2F19%3A00112118" target="_blank" >RIV/00216224:14230/19:00112118 - isvavai.cz</a>

Výsledek na webu

<a href="http://library.fes.de/pdf-files/bueros/sofia/15666.pdf" target="_blank" >http://library.fes.de/pdf-files/bueros/sofia/15666.pdf</a>

DOI - Digital Object Identifier

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Jazyk výsledku

angličtina

Název v původním jazyce

Czech Republic

Popis výsledku v původním jazyce

The chapter analyses the relationship between the Czech Republic and the Euro. The Czech Republic promised to join the Eurozone upon its entry to the EU in 2004. The Czech economy has already met the Maastricht criteria on several occasions. However, there is still no definite date set for Euro adoption. The majority of the Czech public oppose the common currency, and this is reflected in the attitudes of Czech politicians. The Czech development strategy has so far rested on two main pillars – an undervalued currency and disproportionately low labor costs. Adopting the Euro means that the exchange rate channel for convergence would be abandoned and convergence would have to be facilitated by other means. There are few effects related to entry to the Eurozone that can be determined with any level of accuracy, and these are not very significant. On the other hand, there are some quite uncertain but potentially very significant consequences. Among the expected effects are lower transaction costs, higher wages, higher outflow of labor and higher inflation, all of which could generate serious economic imbalances. However, not joining the Eurozone would mean free riding on the system, with potentially very detrimental effects on the national interest of the Czech Republic.

Název v anglickém jazyce

Czech Republic

Popis výsledku anglicky

The chapter analyses the relationship between the Czech Republic and the Euro. The Czech Republic promised to join the Eurozone upon its entry to the EU in 2004. The Czech economy has already met the Maastricht criteria on several occasions. However, there is still no definite date set for Euro adoption. The majority of the Czech public oppose the common currency, and this is reflected in the attitudes of Czech politicians. The Czech development strategy has so far rested on two main pillars – an undervalued currency and disproportionately low labor costs. Adopting the Euro means that the exchange rate channel for convergence would be abandoned and convergence would have to be facilitated by other means. There are few effects related to entry to the Eurozone that can be determined with any level of accuracy, and these are not very significant. On the other hand, there are some quite uncertain but potentially very significant consequences. Among the expected effects are lower transaction costs, higher wages, higher outflow of labor and higher inflation, all of which could generate serious economic imbalances. However, not joining the Eurozone would mean free riding on the system, with potentially very detrimental effects on the national interest of the Czech Republic.

Druh

C - Kapitola v odborné knize

CEP obor

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OECD FORD obor

50601 - Political science

Projekt

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Návaznosti

I - Institucionalni podpora na dlouhodoby koncepcni rozvoj vyzkumne organizace

Rok uplatnění

2019

Kód důvěrnosti údajů

S - Úplné a pravdivé údaje o projektu nepodléhají ochraně podle zvláštních právních předpisů

Název knihy nebo sborníku

In or out? : The Politics of Euro Accession for Eastern European Member States

ISBN

9789542979517

Počet stran výsledku

10

Strana od-do

41-50

Počet stran knihy

80

Název nakladatele

Friedrich Ebert Foundation

Místo vydání

Sofia

Kód UT WoS kapitoly

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