Štrukturálna konvergencia Slovenskej republiky k EÚ 15 – predpoklad úspešného členstva Slovenska v európskej menovej únii
Structural Convergence of the Slovak Republic towards the EU 15 – Prerequisite of Slovakia’s Successful Membership in the Economic and Monetary Union

Summary/Abstract: The Slovak Republic has committed itself to adopt the single currency euro after joining the European Union. However, Slovakia can choose the timing of its entry into the Economic and Monetary Union (EMU). This should be determined by the economy’s readiness, i. e. nominal (Maastricht criteria), real (GDP per capita in PPP, price level etc.) and structural convergence (based on the theory of optimum currency area – OCA). Slovakia meets some of the OCA criteria, namely openness of the economy and amount of mutual trade. In contrast, criteria of business cycle synchronisation, export diversification, labour market flexibility and labour mobility are not satisfied. For these reasons, an early entry into the EMU seems to be inconvenient to Slovakia

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