OCA Index vs. Maastricht Criteria: The Case of Selected EU Countries
The result's identifiers
Result code in IS VaVaI
<a href="https://www.isvavai.cz/riv?ss=detail&h=RIV%2F61989100%3A27510%2F16%3A86098237" target="_blank" >RIV/61989100:27510/16:86098237 - 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
OCA Index vs. Maastricht Criteria: The Case of Selected EU Countries
Original language description
In all probability, the most famous monetary union in the world is the Eurozone, which now consists of nineteen European countries. The other nine EU member states are in the statute of candidate countries. The aim of the article is to assess an appropriateness of selected EU countries standing out of the Eurozone for their membership in this monetary union according to the Maastricht criteria and the OCA index. The Treaty on European Union (the Maastricht Treaty) adjusts the convergence criteria, which the candidate country has to fulfil if it wants to join the Eurozone. These five economic criteria assess the suitability of applicant countries for the membership and they are evaluated every year in the Convergence Report. On the other hand, the OCA index is based on the optimum currency area theory and its criteria. This index includes variables that are important in deciding the country's entry into the monetary union. In this case, the OCA index is computed by using a panel regression method, while the original equation of Bayoumi and Eichengreen (1997), who estimated the OCA index first, is used. The sample covers the period from 2000 to 2014. Based on these results, it is possible to assess how selected countries fulfil the Maastricht criteria of convergence and whether the results are in the line with the OCA index.
Czech name
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Czech description
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Classification
Type
D - Article in proceedings
CEP classification
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OECD FORD branch
50202 - Applied Economics, Econometrics
Result continuities
Project
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Continuities
S - Specificky vyzkum na vysokych skolach
Others
Publication year
2016
Confidentiality
S - Úplné a pravdivé údaje o projektu nepodléhají ochraně podle zvláštních právních předpisů
Data specific for result type
Article name in the collection
Proceedings of 14th International Scientific Conference Economic Policy in the European Union Member Countries: September 14-16, 2016, Petrovice u Karviné, Czech Republic. Part 1
ISBN
978-80-7510-210-2
ISSN
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e-ISSN
neuvedeno
Number of pages
8
Pages from-to
64-71
Publisher name
Slezská univerzita v Opavě, Obchodně podnikatelská fakulta v Karviné
Place of publication
Opava
Event location
Petrovice u Karviné
Event date
Sep 14, 2016
Type of event by nationality
EUR - Evropská akce
UT code for WoS article
000403638200007