Intl Conference on Economics, Finance & Business, Berlin

SHOULD THE CZECH REPUBLIC ADOPT EURO?

MIKULAS ZEMAN

Abstract:

The paper deals with the question whether the Czech Republic should adopt euro. The aim of the paper is to evaluate potential advantages and disadvantages of euro adoption. The implemented methodological framework combines the use of logical arguments with an analysis and comparison of statistical data. The analysis showed that entry into the eurozone would currently be disadvantageous for the Czech Republic and would bring a large number of risks. The loss of own monetary policy, which currently plays an important role in taming inflation, was assessed as the main risk.

Keywords: inflation, euro, economic growth

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