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@article{5095, author = {Helísek, Mojmír}, article_location = {Szczecin, Poland}, article_number = {2}, doi = {http://dx.doi.org/10.14254/2071-789X.2015/8-2/3}, keywords = {Euro area; real convergence; price convergence; comparative price levels}, language = {eng}, issn = {2071-789X}, journal = {Economics and Sociology}, title = {Perspectives of the accession of the Czech Republic to the euro area in terms of the price level convergence}, url = {http://www.economics-sociology.eu/files/ES_8_2_Helisek.pdf}, volume = {8}, year = {2015} }
TY - JOUR ID - 5095 AU - Helísek, Mojmír PY - 2015 TI - Perspectives of the accession of the Czech Republic to the euro area in terms of the price level convergence JF - Economics and Sociology VL - 8 IS - 2 SP - 28-35 EP - 28-35 PB - Centre of Sociological Research SN - 2071789X KW - Euro area KW - real convergence KW - price convergence KW - comparative price levels UR - http://www.economics-sociology.eu/files/ES_8_2_Helisek.pdf L2 - http://www.economics-sociology.eu/files/ES_8_2_Helisek.pdf N2 - The replacement of the national currency with the euro is subject not only to the nominal convergence, but also to the real convergence of the country acceding to the monetary union. By default, the price levels convergence criterion is expressed as a deviation of the acceding country’s price level from the average price level of the euro area. However, this method is not well suited to measure price convergence. The weighted deviation of the Czech price level from the price level of the key trading partners of the Czech Republic is more appropriate. According to such new indicator, the Czech price level is 6.6 pp closer to the price level of the euro area compared to the traditional indicator. ER -
HELÍSEK, Mojmír. Perspectives of the accession of the Czech Republic to the euro area in terms of the price level convergence. \textit{Economics and Sociology}. Szczecin, Poland: Centre of Sociological Research, roč.~8, č.~2, s.~28-35. ISSN~2071-789X. doi:10.14254/2071-789X.2015/8-2/3. 2015.
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