摘要：Since acceding to the European Union, Slovakia has
been a member of the Economic and Monetary
Union (EMU) with a derogation from the obligation to
introduce the single European currency – the euro. Under
the EU Accession Treaty, Slovakia undertook to take
the steps that will enable it to adopt the euro. What is
more important, according to the analysis made by the
National Bank of Slovakia and the Slovak government,
adoption of the euro will be beneficial for the Slovak
economy. The main potential benefit of the euro introduction
will be an acceleration of economic growth by
an estimated 0.7 % (±0.3 %) per year over the decades
following entry to the euro area. Other significant
advantages of the euro will include elimination of the
costs of converting korunas into euros, the removal of
the exchange rate risk vis-¨¤-vis the euro, greater price
transparency in foreign trade, and a decline in the costs
of capital. These benefits outweigh the disadvantages
and risks (changeover costs, loss of an independent
monetary policy, possible asymmetric shocks, risk of
slightly higher inflation). The Government and NBS have
therefore decided, under the euro adoption strategy,
that Slovakia will adopt the euro as soon as possible
after fulfilling the Maastricht Criteria.
