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Elena Kohútiková VÚB, a.s.

Ten Years of the Euro – Inspiration for the Czech republic Euro: Anchoring Slovakia in the Turbulent Times Praha, November 25, 2008. Elena Kohútiková VÚB, a.s. Euro: Good Thing for Slovakia in Good Times….

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Elena Kohútiková VÚB, a.s.

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  1. Ten Years of the Euro – Inspiration for the Czech republic Euro: Anchoring Slovakia in the Turbulent Times Praha, November 25, 2008 Elena Kohútiková VÚB, a.s.

  2. Euro: Good Thing for Slovakia in Good Times… • For Slovakia, benefits of the adoption of single currency were thought to outweigh the costs by big margin even when the global economy was in full swing Long-term (20 year) increase of GDP by 7-20 %

  3. Euro: Great Thing for Slovakia in Bad Times! • The current global financial crisis makes the pros v. cons calculations even more convincing • Indeed, thanks to the forthcoming adoption of the euro, Slovakia has been to a large extent insulated from the pressure that storms our neighbors.

  4. Anchoring the Currency V4 currencies vs EUR (% vs. 1.1.2008)

  5. Anchoring the Interest Rates Spread of 10-year V4 bonds vs Bund

  6. Anchoring the Rating Government bond rating

  7. Boosting Reforms and Real Convergence GDP per capita in V4 countries (in PPP, EU27=100)

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