Business Cycle Synchronization in Eurozone Member States and in Selected Potential Monetary Unions
The result's identifiers
Result code in IS VaVaI
<a href="https://www.isvavai.cz/riv?ss=detail&h=RIV%2F61989100%3A27510%2F14%3A86090730" target="_blank" >RIV/61989100:27510/14:86090730 - isvavai.cz</a>
Result on the web
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DOI - Digital Object Identifier
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Alternative languages
Result language
angličtina
Original language name
Business Cycle Synchronization in Eurozone Member States and in Selected Potential Monetary Unions
Original language description
Synchronization or at least similarity of business cycle is one of the main conditions for successful implementation and functioning of monetary union. The extent of synchronization of national business cycles is an indicator for gauging whether countries are ready to adopt a common currency. The aim of this article is to evaluate synchronicity of business cycles of Eurozone member states and selected potential monetary unions ? MERCOSUR (Argentina, Brazil, Paraguay, Uruguay and Venezuela), NAFTA (Canada, Mexico and the United States) and Australia with New Zealand. The analysis is based on correlations of cyclical component of GDP, output gaps synchronicity calculation, and measuring the similarity of output gaps amplitude. The results indicate a highdegree of business cycles alignment between states of the Eurozone (with some exceptions) and states of NAFTA and a lower degree of business cycles alignment between states of MERCOSUR and Australia with New Zealand.
Czech name
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Czech description
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Classification
Type
D - Article in proceedings
CEP classification
AH - Economics
OECD FORD branch
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Result continuities
Project
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Continuities
S - Specificky vyzkum na vysokych skolach
Others
Publication year
2014
Confidentiality
S - Úplné a pravdivé údaje o projektu nepodléhají ochraně podle zvláštních právních předpisů
Data specific for result type
Article name in the collection
Recenzovaný sborník příspěvků XII. mezinárodní vědecké konference Hospodářská politika v členských zemích Evropské unie : 16.-18. září 2014, Betline Forest Hotel, Ostravice
ISBN
978-80-7510-045-0
ISSN
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e-ISSN
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Number of pages
9
Pages from-to
419-427
Publisher name
Slezská univerzita v Opavě, Obchodně podnikatelská fakulta
Place of publication
Karviná
Event location
Ostravice
Event date
Sep 16, 2014
Type of event by nationality
EUR - Evropská akce
UT code for WoS article
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