European monetary union, optimum currency area and possible effects of slovakia's joining the euro area
Bibliographic Data
| ID | 7973433 |
|---|---|
| Authors | Jan Iša (Weatherford College), Ivan Okáli (Weatherford College) |
| Year | 2008 |
| Volume | 56 |
| Issue | 3 |
| Pages | 318-344 |
| Publication date | 2008-06-01 |
| 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.642 |
| OpenAlex | W2472902922 |
| Language | EN |
| Citations received | 1 |
| References cited | 21 |
Slovak Republic entered the ERM II in the end of 2005 whereby it came nearer to its strategic objective - joining the euro area. In this paper we try to answer two questions. Section 1 examines the features and risks of the EMU. Is EMU an optimum currency area and what is the OCA scorecard of euro area? We conclude that euro area - in spite of its indisputable benefits - is rather a premature monetary union with asymmetric monetary policy effects and other policy asymmetries. Section 2 analyzes possible effects of the EMU on the Slovak economy. We examine the experience of other countries and compare their real convergence to average level of euro area before and after joining the EMU. The readiness of Slovak economy for euro adoption, possible obstacles on this uneasy way and the connection between income level, price level and real convergence are analysed at the end of the paper
Convergence (economics) · Currency · Czech · Economic and monetary union · Economics · European monetary union · European union · International economics · Macroeconomics · Monetary economics · Monetary policy · Optimum currency area · Slovak · European Monetary and Fiscal Policies · Global Financial Crisis and Policies · Monetary Policy and Economic Impact
| Citations per year | 0.06 |
|---|---|
| Citation span | 2010 - 2010 (1) |
| Highly cited | No |