Political Economy of the Euro Introduction in the Czech Republic

7th International Conference “Financial Markets within the Globalization of World Economy” University of Finance and Administration, 2015, Prague, Czech Republic

12 Pages Posted: 19 Mar 2021

See all articles by Mojmir Helisek

Mojmir Helisek

University of Finance and Administration

Date Written: April 2, 2015

Abstract

The paper discusses two issues. Firstly: Can the euro also be introduced without an approval of the given country? The paper examines rules for adopting the euro comprised within various EU documents as well as existing experience of the euro area member states. The resulting answer is negative. Secondly: How can we describe the Czech strategy in adopting the euro? The negative position towards the euro is not motivated by economic reasons (nominal and real convergence to the euro area), but rather by political reasons arising in the past. This phenomenon can be described as “euro- hysteresis”.

Keywords: Euro, Euro Area Enlargement, National Euro Changeover Plan, Euro-Hysteresis

JEL Classification: F 36, F45, G 15

Suggested Citation

Helisek, Mojmir, Political Economy of the Euro Introduction in the Czech Republic (April 2, 2015). 7th International Conference “Financial Markets within the Globalization of World Economy” University of Finance and Administration, 2015, Prague, Czech Republic , Available at SSRN: https://ssrn.com/abstract=3780363

Mojmir Helisek (Contact Author)

University of Finance and Administration ( email )

Prague
Czech Republic

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