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How Far Along is Euro Adoption in the Czech Republic? Benefits for Businesses Still Remain

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  • Mojmír Helísek

Abstract

The objective of the paper is to assess the reasons for the current negative position of the Czech Government toward euro adoption and to find out whether the expected benefits of euro adoption for Czech companies still remain. The postponement of euro adoption in the Czech Republic has mainly been caused by the current problems of the euro area. The benefits arising from euro adoption are subject to the reduction of the exchange rate volatility and of the transaction costs, whereas they also depend on the degree of integration with the euro area. These benefits may still be expected - neither the financial crisis nor the economic recession has affected them. The integration of the Czech economy with the euro area is high and still growing. Therefore, euro adoption will lead to the stimulation of mutual trade of the Czech Republic and the euro area.

Suggested Citation

  • Mojmír Helísek, 2013. "How Far Along is Euro Adoption in the Czech Republic? Benefits for Businesses Still Remain," Central European Business Review, Prague University of Economics and Business, vol. 2013(1), pages 21-27.
    • Handle: RePEc:prg:jnlcbr:v:2013:y:2013:i:1:id:35:p:21-27
    DOI: 10.18267/j.cebr.35
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    References listed on IDEAS

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    1. Marek Dabrowski & Jacek Rostowski (ed.), 2006. "The Eastern Enlargement of the Eurozone," Springer Books, Springer, number 978-0-387-25766-2, December.
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    More about this item

    Keywords

    euro; euro area enlargement; exchange rate volatility; transaction costs;
    All these keywords.

    JEL classification:

    • F36 - International Economics - - International Finance - - - Financial Aspects of Economic Integration
    • M16 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Business Administration - - - International Business Administration
    • M21 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Business Economics - - - Business Economics

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