BRIEF HISTORY OF CURRENCY SEPARATION – CASE STUDY OF CZECH AND SLOVAK KORUNA

Authors

  • Klára Čermáková Prague University of Economics and Business, dept. of Economics, Czech Republic Author

DOI:

https://doi.org/10.20472/ES.2017.6.2.002

Keywords:

Currency separation, Exchange rate, Monetary policy, Economic performance, Inflation, Payment system, Central bank

Abstract

This paper aims at describing the process of currency separation of Czech and Slovak koruna and its economic and political background, highlights some of its unique features which ensured smooth currency separation, avoided speculation and enabled preservation of the policy of a stable exchange rate and increased confidence in the new monetary systems. This currency separation was higly appreciated and its scenario and legislative background were reccommended by the IMF for use in other countries. The paper aims also to draw conclusions on performance of selected macroeconomic variables of the two successor countries with impact on monetary policy and exchange rates of successor currencies.

 

Data:
Received: 27 Aug 2017
Revised: 10 Oct 2017
Accepted: 6 Nov 2017
Published: 20 Nov 2017

Downloads

Download data is not yet available.

Downloads

Published

2017-11-20

Issue

Vol. 6 No. 2 (2017): International Journal of Economic Sciences

Section

Articles

License

Copyright (c) 2017 Klára Čermáková (Author)

Creative Commons License

This work is licensed under a Creative Commons Attribution-NonCommercial-NoDerivatives 4.0 International License.

How to Cite

Čermáková, K. (2017). BRIEF HISTORY OF CURRENCY SEPARATION – CASE STUDY OF CZECH AND SLOVAK KORUNA. International Journal of Economic Sciences, 6(2), 30-44. https://doi.org/10.20472/ES.2017.6.2.002
Crossref
Scopus
Google Scholar
Europe PMC