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European Monetary Integration II. Dana Viktorová.

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Presentation on theme: "European Monetary Integration II. Dana Viktorová."— Presentation transcript:

1 European Monetary Integration II. Dana Viktorová

2 © Viktorová, 20042 Stability and Growth Pact (1997)

3 © Viktorová, 20043 Stability and Growth Pact

4 © Viktorová, 20044 SGP - Three Elements

5 © Viktorová, 20045 Stability and Growth Pact

6 © Viktorová, 20046 Code of Conduct of stability and convergence programmes

7 © Viktorová, 20047 Case of the Czech Republic

8 © Viktorová, 20048 Public Finance Situation in CR

9 © Viktorová, 20049 Public Finance Situation in CR

10 © Viktorová, 200410

11 © Viktorová, 200411 European System of Central Banks

12 © Viktorová, 200412 European Central Bank (1998)

13 © Viktorová, 200413 Monetary policy strategy/conduct

14 © Viktorová, 200414 Monetary Policy Strategy (1998)

15 © Viktorová, 200415 Monetary Policy Conduct

16 © Viktorová, 200416 ECB’s Challenges

17 © Viktorová, 200417 National Shares of GDP at Current Market Prices in Enlarged Euro Area

18 © Viktorová, 200418 New Decision-Making Process in Enlarged ECB

19 © Viktorová, 200419 Level of Difficulty in the Enlarged Governing Council of the ECB

20 © Viktorová, 200420 New Member States

21 © Viktorová, 200421 Meeting Maastricht Criteria

22 © Viktorová, 200422 Relationship between Maastricht Fiscal Criteria

23 © Viktorová, 200423 Real Convergence

24 © Viktorová, 200424 Real GDP per Capita in PPP, Comparative Levels (EU15=100)

25 © Viktorová, 200425 Real GDP per Capita in PPP, Comparative Levels (EU15=100)

26 © Viktorová, 200426 Equation to Express a Real GDP Growth Rate in the Euro Currency

27 © Viktorová, 200427 Real GDP Growth, National & Euro Currencies

28 © Viktorová, 200428 Nominal Convergence

29 © Viktorová, 200429 Comparative Price Levels of (EU15=100)

30 © Viktorová, 200430 Comparative Price Levels of (EU15=100)

31 © Viktorová, 200431 Development in the Czech Republic, 1993-2003

32 © Viktorová, 200432 Balassa-Samuelson Theorem

33 © Viktorová, 200433 Comparison of Income and Price Levels in 1996 and 2002 for New Member States and Euro Area (EU15=100)

34 © Viktorová, 200434 Enlargement of the Euro Area under the Economic Conditions of 2003

35 © Viktorová, 200435 Maastricht Constraints for Nominal and Real Convergence


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