Detail publikace

Rizika a výzvy měnové strategie k převzetí eura

Autor: prof. Ing. Oldřich Dědek CSc.,
Typ: IES Working Papers
Rok: 2005
Číslo: 83
Publikováno v: IES WP 2005/83
Místo vydání: Prague
Klíčová slova: Zavedení eura, maastrichtská kritéria, nominální a reálná konvergence, cílování inflace, ERM-II
JEL kódy: E42, E52, E58
Granty: Výzkumný záměr IES (2005-2011) Integrace české ekonomiky do Evropské unie a její rozvoj
Abstrakt: The paper evaluates some policy dilemmas the Czech monetary policy will face on the way towards adopting common currency. The assessment of the inflation criterion concentrates on the potential clash with so called real convergence showing that alleged negative influences on the catching-up process seem to be exaggerated. The reasons leading to some scepticism about the ERM-II arrangement are further explained with distinction placed on eligibility and regime selection motives when applying for the ERM-II membership. Finally, the pros and cons of inflation targeting are discussed from the perspective of promoting the fulfilment of Maastricht requirements. Attention is paid to the issue of optimal exit form inflation targeting having in mind the priority of entering Eurozone with a proper conversion rate.
Ke stažení: WP83_Dedek




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