Publication detail

The Impact of Euro Adoption on Export Performance: Comparison of the Czech Republic and Slovakia

Author(s): PhDr. Oliver Polyák ,
Type: IES Working Papers
Year: 2014
Number: 4
ISSN / ISBN:
Published in: IES Working Papers 04/2014
Publishing place: Prague
Keywords: competitiveness, euro adoption, export, Czech Republic, Slovakia
JEL codes: F14, F15
Suggested Citation: Polyák, O. (2014). “The Impact of Euro Adoption on Export Performance: Comparison of the Czech Republic and Slovakia” IES Working Paper 04/2014. IES FSV. Charles University.
Abstract: The present paper is focused on the impact of introducing the common European currency on export performance. There has been a lot written about the possible effects of euro adoption on economies of the first eurozone participants. The contribution of this research is that we explore the impact of euro introduction on Slovakia, in comparison to the Czech Republic which still uses its own national currency. Our findings suggest that the export performance and other export-related indicators evolved largely in parallel in both countries. Positive trade effects brought about by the introduction of the euro are rather moderate – up to 5%. The results to some extent do confirm the existence of the so called ‘Rose effect’ – the effect that two countries sharing the same currency trade more than they would otherwise.
Downloadable: WP_2014_04_Polyak

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