TY - JOUR AU - Helisek, Mojmir PY - 2012/01/17 Y2 - 2024/03/28 TI - Wirtschaftliche Hindernisse für den Beitritt der Tschechischen Republik zur Eurozone. Economic barriers of the Czech Republic’s euro-area accession JF - Estonian Discussions on Economic Policy JA - TPEP VL - 19 IS - 1 SE - Articles. Artikeln. Artiklid DO - 10.15157/tpep.v19i1.428 UR - https://ojs.utlib.ee/index.php/TPEP/article/view/428 SP - AB - The date of introduction of the euro in the Czech Republic has not been set. TheCzech economy fulfils the inflation and interest rate convergence criteria, as well asthe government debt criterion. The exchange rate stability criterion will be mostlikely fulfilled. The Czech economy possesses a high level of real convergence inrespect of the euro area. Due to the economic recession, the government deficitcriterion will probably not be fulfilled by 2012. The date of introduction of the euroin the Czech Republic is therefore postponed to 2015 at the earliest. The mainreason for adopting the single currency is the growing interconnection between theCzech and the euro area economies. The exchange rate of the Czech crown to theeuro has a higher stability than the exchange rate of the euro to the dollar, however,a long-term appreciation of the crown’s exchange rate weakens the competitivenessof the Czech exporters. The financial crisis and the recession have only complicatedand postponed the adoption of the euro, but they have revealed no reasons to refusethe adoption. ER -