Risks and challenges of monetary strategy for euro adoption
Bibliographic Data
| ID | 7973350 |
|---|---|
| Authors | Oldřich Dědek (Satya Wacana Christian University, corresponding author) |
| Year | 2006 |
| Volume | 54 |
| Issue | 1 |
| Pages | 3-21 |
| Publication date | 2006-02-01 |
| Open Access | Yes |
| Type | ARTICLE |
| Venue | Politická ekonomie (JOURNAL) |
| Journal identifiers | ISSN: 0032-3233 • E-ISSN: 2336-8225 |
| Publisher | Prague University of Economics and Business (PUBLISHER • CZ) |
| DOI | 10.18267/j.polek.542 |
| OpenAlex | W2331331303 |
| Language | EN |
| Citations received | 4 |
| References cited | 10 |
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
Common currency · Convergence (economics) · Currency · Economics · Face (sociological concept) · Inflation (cosmology) · Inflation targeting · Macroeconomics · Monetary economics · Monetary policy · Perspective (graphical) · Process (computing) · Skepticism · Computer Science · Economic and Fiscal Studies · European Monetary and Fiscal Policies · Taxation and Legal Issues
| Citations per year | 0.21 |
|---|---|
| Citation span | 2007 - 2008 (2) |
| Highly cited | No |