Monetary Policy and the Path to Successful Introduction of Euro in Slovak Republic

This paper is focused on the process of introducing the euro in Slovak Republic. The first part analyses the strategy of monetary policy during this process, namely the inflation targeting. The second part mentions the road to European Economic and Monetary Union, particular steps and Maastricht criteria fulfilment. The third part deals with possible problem areas during the process of currency changeover, such as inflation criterion, government deficit criterion and the costs of the introduction of new currency. The final part analyses the first year of euro as new Slovak national currency as well as the perspectives of Slovak Republic within Economic and Monetary Union.