C
2024
Nominal and Real Convergence of Czechia With the Euro Area
SZKORUPOVÁ, Zuzana, Radmila KRKOŠKOVÁ and Irena SZAROWSKÁ
Basic information
Original name
Nominal and Real Convergence of Czechia With the Euro Area
Edition
Leeds, England, Modeling Economic Growth in Contemporary Czechia, p. 17-34, 18 pp. Modeling Economic Growth in Contemporary Czechia (Entrepreneurship and Global Economic Growth), 2024
Publisher
Emerald Publishing Limited
Other information
Type of outcome
Kapitola resp. kapitoly v odborné knize
Field of Study
50206 Finance
Country of publisher
United Kingdom of Great Britain and Northern Ireland
Confidentiality degree
není předmětem státního či obchodního tajemství
Publication form
printed version "print"
Organization unit
School of Business Administration in Karvina
Keywords in English
Nominal convergence; Euro area; Maastricht convergence criteria; Real convergence; Economic performance; Labour market
Tags
International impact, Reviewed
V originále
The aim of this chapter is to examine the nominal and real convergence of Czechia. The importance of the convergence of Czechia with the euro area is linked to the future intention of joining the Economic and Monetary Union after the Maastricht criteria are met. This chapter covers the period from 2004 to 2021. We argue that nominal convergence is relative to the Maastricht criteria, when real convergence focuses on different areas: the Maastricht criteria, gross domestic product (GDP) per capita in purchasing power standards and real GDP growth rate, labour market (minimum labour costs and unemployment rates. Findings suggest that Czechia has reported the strongest real convergence in the area of relative economic level, moderate convergence of labour costs and divergence of unemployment. The nominal convergence analysis suggests that Czechia will not meet the Maastricht benchmarks in the near future and is not ready to join the euro area given its high inflation rate and the state of public finances.
Displayed: 7/1/2025 13:51