BRIEF HISTORY OF CURRENCY SEPARATION – CASE STUDY OF CZECH AND SLOVAK KORUNA
KLARA CERMAKOVA
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.
Keywords:
currency separation, exchange rate, monetary policy, economic performance, inflation, payment system, central bank
DOI: 10.52950/ES.2017.6.2.002
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APA citation:
KLARA CERMAKOVA (2017). Brief History of Currency Separation – Case study of Czech and Slovak Koruna. International Journal of Economic Sciences, Vol. VI(2), pp. 30-44. , DOI: 10.52950/ES.2017.6.2.002
Data:
Received: 27 Aug 2017
Revised: 10 Oct 2017
Accepted: 6 Nov 2017
Published: 20 Nov 2017
Copyright © 2017, Klara Cermakova et al, klara.cermakova@vse.cz