Zdrojový dokument:Scientific papers of the University of Pardubice. Series D, Faculty of Economics and Administration. 16 (1/2010)
ISSN:1211 – 555X
Abstrakt:
In referendum deciding about the Czech entry into European Union, Czech people
voted also on Euro implementation apparently without any notice. The date of The Monetary
union entry of Czech Republic is still discussed. As a result of the present real economic
recession, a number of states are unable to fulfill the Maastricht convergence criteria. Czech
Republic has problems with price level and as a result of unreformed public finance until now
it can be expected, that Czech Republic won’t be able to fulfill even the government deficit
criterion.
The SME’s are an important part of domestic economic. Their competitive strength on EU’s
internal market is affected among others by the rate of Czech crown. It is a high-cost
operation to safe the exchange risk by financial derivates and due to this matter of fact also
for most of the SME’s it is unavailable. Most of the Czech small and middle-sized enterprisers
don’t care that much about any solution of this problem and instead they put their cash flow
at risk for exchange risk.