IDEAS home Printed from
   My bibliography  Save this paper

The Czech Republic On The Road To The Euro-zone - Nominal Covergence Criteria


  • Tuleja, Pavel


Prior to its EU entry, the Czech Republic accepted the obligation to exert maximum efforts in order to fulfill conditions in the possible shortest time, on whose basis it will be able to accept the common European currency � the Euro. During the proper examination of the readiness of the Czech Republic for fulfilling this criterion one has to take into account both prerequisites, which are necessary for the integration of the Czech Republic into the Eurozone, and the dispositions of the Czech economy to maintain positive effects arising from this membership. Since such a complex analysis concerning the preparedness of the Czech Republic for accepting the Euro would be rather extensive, we paid our attention merely to the examination of the extent, to which the Czech economy meets Maastricht nominal convergence criteria. Based on the analysis, we come to a conclusion that the Czech economy will not be able to meet this obligation in the following three years, mainly due to high deficits of public finances. In the last part, based on our estimates we claim that the Czech Republic could become a member state of the Euro-zone as early as in 2010.

Suggested Citation

  • Tuleja, Pavel, 2005. "The Czech Republic On The Road To The Euro-zone - Nominal Covergence Criteria," MPRA Paper 11678, University Library of Munich, Germany.
  • Handle: RePEc:pra:mprapa:11678

    Download full text from publisher

    File URL:
    File Function: original version
    Download Restriction: no


    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.

    Cited by:

    1. Tuleja, Pavel, 2007. "Reálná konvergence Česka a Polska k eurozóně
      [The Real Convergence of the Czech Republic and Poland to the Euro-zone]
      ," MPRA Paper 11689, University Library of Munich, Germany.

    More about this item


    exchange rate stability criterion; government debt criterion; government deficit criterion; long term interest rate criterion; price stability criterion;

    JEL classification:

    • E42 - Macroeconomics and Monetary Economics - - Money and Interest Rates - - - Monetary Sytsems; Standards; Regimes; Government and the Monetary System
    • E20 - Macroeconomics and Monetary Economics - - Consumption, Saving, Production, Employment, and Investment - - - General (includes Measurement and Data)


    Access and download statistics


    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:pra:mprapa:11678. See general information about how to correct material in RePEc.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Joachim Winter) or (Rebekah McClure). General contact details of provider: .

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service hosted by the Research Division of the Federal Reserve Bank of St. Louis . RePEc uses bibliographic data supplied by the respective publishers.