1. European Monetary Integration I.
Dana Viktorová

2. History of European Monetary Integration
© Viktorová, 2004

3. History of European Monetary Integration
© Viktorová, 2004

4. Werner’s Report ( )
© Viktorová, 2004

5. European Exchange Rate Arrangement
© Viktorová, 2004

6. Optimum Currency Areas
© Viktorová, 2004

7. Optimum Currency Areas
© Viktorová, 2004

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

9. EMS - Three Key Elements
© Viktorová, 2004

10. EMS - Three Key Elements
© Viktorová, 2004

11. European Monetary System
© Viktorová, 2004

12. European Monetary System
© Viktorová, 2004

13. European Single Market
© Viktorová, 2004

14. Delors’ Report (1989)
© Viktorová, 2004

15. Three Stages Towards EMU
© Viktorová, 2004

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

17. Maastricht Treaty
© Viktorová, 2004

18. Timetable for EMU
© Viktorová, 2004

19. Timetable for EMU
© Viktorová, 2004

20. Timetable for EMU
© Viktorová, 2004

21. Maastricht Criteria
© Viktorová, 2004

22. Maastricht Criteria
© Viktorová, 2004

23. Relationship between Maastricht Fiscal Criteria
© Viktorová, 2004

24. 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

25. © Viktorová, 2004

26. Convergence report
© Viktorová, 2004

27. European Monetary Union
© Viktorová, 2004

28. European Monetary Union
© Viktorová, 2004

29. Euro Area Inflation Rate
© Viktorová, 2004

30. © Viktorová, 2004