Prospects for the participation of the Czech koruna in ERM II

Kód výsledku v 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>

Výsledek na webu

<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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Jazyk výsledku

angličtina

Název v původním jazyce

Prospects for the participation of the Czech koruna in ERM II

Popis výsledku v původním jazyce

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.

Název v anglickém jazyce

Prospects for the participation of the Czech koruna in ERM II

Popis výsledku anglicky

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.

Druh

D - Stať ve sborníku

CEP obor

AH - Ekonomie

OECD FORD obor

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Projekt

<a href="/cs/project/GA16-21506S" target="_blank" >GA16-21506S: Nové zdroje systémového rizika na finančních trzích</a><br>

Návaznosti

P - Projekt vyzkumu a vyvoje financovany z verejnych zdroju (s odkazem do CEP)

Rok uplatnění

2016

Kód důvěrnosti údajů

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

Název statě ve sborníku

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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Počet stran výsledku

11

Strana od-do

212-222

Název nakladatele

Slezská univerzita v Opavě - Obchodně podnikatelská fakulta karviná

Místo vydání

Karviná

Místo konání akce

Petrovice u Karviné

Datum konání akce

1. 1. 2016

Typ akce podle státní příslušnosti

EUR - Evropská akce

Kód UT WoS článku

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