The Risks Of ERM-2

September 2005
Emerging Europe Monitor: Central Europe & Baltic States;Sep2005, Vol. 12 Issue 9, p1
Country Report
Country Report
Reports on the aim of government authorities to take the koruna into the European Union's Exchange Rate Mechanism in Slovakia. Need for the currency to demonstrate stability well within a trading band against the euro for a minimum of two years; Liability of koruna to the significant appreciation pressure and the flexibility of fiscal policy; Influence of the preoccupation of monetary policy with currency stability on the additional burden on the fiscal authority to manage domestic demand pressures.


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