European Monetary Integration I.

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Presentation transcript:

European Monetary Integration I. Dana Viktorová ©

History of European Monetary Integration © Viktorová, 2004

History of European Monetary Integration © Viktorová, 2004

Werner’s Report (1970-1974) © Viktorová, 2004

European Exchange Rate Arrangement © Viktorová, 2004

Optimum Currency Areas © Viktorová, 2004

Optimum Currency Areas © Viktorová, 2004

European Monetary System (1979 - 1999) © Viktorová, 2004

EMS - Three Key Elements © Viktorová, 2004

EMS - Three Key Elements © Viktorová, 2004

European Monetary System © Viktorová, 2004

European Monetary System © Viktorová, 2004

European Single Market © Viktorová, 2004

Delors’ Report (1989) © Viktorová, 2004

Three Stages Towards EMU © Viktorová, 2004

Maastricht Treaty - The Treaty on European Union © Viktorová, 2004

Maastricht Treaty © Viktorová, 2004

Timetable for EMU © Viktorová, 2004

Timetable for EMU © Viktorová, 2004

Timetable for EMU © Viktorová, 2004

Maastricht Criteria © Viktorová, 2004

Maastricht Criteria © Viktorová, 2004

Relationship between Maastricht Fiscal Criteria © Viktorová, 2004

Maastricht Criteria Fulfillment, 1997 (12M to 3/2000 for Greece) ERM 3/1996-2/1998, (3/1998-3/2000 for Greece) Although, DK and UK have an opt-out arrangement (thus are not involved in the Convergence Report), we might assess their Maastricht criteria fulfillment based on the data stated in 1997 Convergence Report. © Viktorová, 2004

© Viktorová, 2004

Convergence report © Viktorová, 2004

European Monetary Union © Viktorová, 2004

European Monetary Union © Viktorová, 2004

Euro Area Inflation Rate © Viktorová, 2004

© Viktorová, 2004

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