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Euro in Slovakia: Navigating Good and Bad Times

"Explore the impact of the Euro on Slovakia over the past decade, detailing significant economic benefits during good times and resilience in turbulent periods. This analysis by Elena Kohútiková of VÚB, a.s., showcases the long-term GDP growth, insulation from financial crises, currency anchoring trends, interest rate spreads, government bond ratings, and the push for reforms and real convergence in the V4 countries compared to the EU27 average."

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Euro in Slovakia: Navigating Good and Bad Times

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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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