Academic Scientific JournalsMeeting the convergence criteria as a source of fiscal stability
Keywords:
Financial stability, monetary policy, fiscal stability, convergence criteriaAbstract
The aim of this article is to assess the convergence criteria (for entry into the eurozone) as determinants of financial stability and fiscal stability. The research question posed by this article is to evaluate the impact of meeting the convergence criteria on the fiscal area, i.e., whether and what impact these economic criteria have or may have on fiscal stability, using the specific example of the Czech Republic. This article first defines the basic principles and pillars of financial stability, which also include fiscal stability. It then attempts to find links between the convergence criteria and fiscal stability.
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