Přehled o publikaci

The Czech economy is ready to adopt the euro. The reasons for the postponement of the euro adoption process are merely political. People are skeptical when it comes to the euro (also in the light of the existing debt crisis in the euro area); consequently, political institutions do not promote the euro introduction. Concerns thus remain. We can expect analogical development in the Czech Republic as that of Slovakia or Slovenia, as these economies are similar. Actual inflation did not increase in either of the two countries; however, the perceived inflation was quite high. The prospect of the euro introduction depends on how to avoid worries about inflationary implications of the introduction of the euro. The communication and information campaign should focus on eliminating the concerns about the euro introduction.