The Assessment of Convergence in the EU Using the Optimum Currency Area Index

Result code in IS VaVaI
<a href="https://www.isvavai.cz/riv?ss=detail&h=RIV%2F61989100%3A27510%2F11%3A86079411" target="_blank" >RIV/61989100:27510/11:86079411 - isvavai.cz</a>
Result on the web
—
DOI - Digital Object Identifier
—

Result language
angličtina
Original language name
The Assessment of Convergence in the EU Using the Optimum Currency Area Index
Original language description
The aim of this paper is to assess the convergence in terms of OCA theory in the EU economies and to describe aspects of global financial crisis for convergence process as well. The Optimum Currency Area (OCA) index was used for evaluation this kind of convergence, referred to as structural convergence, in the EU economies in relation to the EU average. Structural convergence in terms of OCA theory is a crucial requirement of functioning economic and monetary integration in the European Union (EU). Thatis considered because of the current stage of the EU integration, which is the economic and monetary union (EMU). The important factor that is able to influence the development of the OCA index is the hypothesis of endogeneities of OCA. External shockshave influence on convergence and development of OCA index as well. High index values of some current euro area members, who face significant problems due to economic crisis, confirmed the lack of convergence of these countries with EU. S
Czech name
—
Czech description
—

Publication year
2011
Confidentiality
S - Úplné a pravdivé údaje o projektu nepodléhají ochraně podle zvláštních právních předpisů

Similar results(10)