A Comparison of Business Cycles Synchronization in Eurozone and some 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%2F15%3A86095933" target="_blank" >RIV/61989100:27510/15:86095933 - isvavai.cz</a>
Result on the web
<a href="http://dx.doi.org/10.11118/actaun201563041277" target="_blank" >http://dx.doi.org/10.11118/actaun201563041277</a>
DOI - Digital Object Identifier
<a href="http://dx.doi.org/10.11118/actaun201563041277" target="_blank" >10.11118/actaun201563041277</a>
Alternative languages
Result language
angličtina
Original language name
A Comparison of Business Cycles Synchronization in Eurozone and some Potential Monetary Unions
Original language description
Synchronization of business cycle is one of the main criteria for creation of a monetary union. With increasing synchronization of business cycle, a probability of occurrence of demand and supply shocks, which are asymmetric, decreases. The aim of this contribution is to evaluate synchronicity of business cycle in the euro area and some potential monetary unions. There are MERCOSUR (i.e. Argentina, Brazil, Paraguay, Uruguay and Venezuela), NAFTA (Canada, Mexico and the United States of America). For this aim, correlation analysis and two indexes of cyclical components of GDP are used. The cyclical components of GDP are obtained due to the Hodrick-Prescott filter. The results indicate a high degree of business cycles synchronization among states of theeuro area (especially in countries of so called core of the euro area) and states of NAFTA. In opposite, a lower degree of business cycles synchronization was reached among states of MERCOSUR. According to the criterion of business cycle
Czech name
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Czech description
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Classification
Type
J<sub>x</sub> - Unclassified - Peer-reviewed scientific article (Jimp, Jsc and Jost)
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
2015
Confidentiality
S - Úplné a pravdivé údaje o projektu nepodléhají ochraně podle zvláštních právních předpisů
Data specific for result type
Name of the periodical
Acta Universitatis Agriculturae et Silviculturae Mendelianae Brunensis
ISSN
1211-8516
e-ISSN
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Volume of the periodical
63
Issue of the periodical within the volume
4
Country of publishing house
CZ - CZECH REPUBLIC
Number of pages
9
Pages from-to
1277-1285
UT code for WoS article
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EID of the result in the Scopus database
2-s2.0-84943234793