OCA Index: Results for the EU's member states

Result code in IS VaVaI
<a href="https://www.isvavai.cz/riv?ss=detail&h=RIV%2F61989100%3A27510%2F16%3A86098255" target="_blank" >RIV/61989100:27510/16:86098255 - isvavai.cz</a>
Result on the web
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DOI - Digital Object Identifier
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Result language
angličtina
Original language name
OCA Index: Results for the EU's member states
Original language description
Probably the most famous monetary union in the world is the Eurozone, which now consists of nineteen European countries. The other EU member states are in the statute of candidate countries. The aim of the article is to evaluate an appropriate-ness of these nine EU countries standing out of the Eurozone for their membership according to the OCA index. This index, proposed by Bayoumi and Eichengreen [2], is based on the optimum currency area theory and its criteria. The paper utilise the traditional approaches of the optimum currency area theory. The OCA index includes variables that are important in deciding the country's entry into the monetary union and it is estimated by using a panel regression method. First, the original equation of Bayoumi and Eichengreen [2], who estimated the OCA index first, is used. Then, the modified equation of Horváth and Komárek [7] is estimated. The sample covers the period from 2000 to 2014. According to the results, there are countries which are more appropriate for the membership in the Eurozone because they reach satisfactory values of OCA index. But there are also countries with worse values and as such they are not appropriate candidates.
Czech name
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Czech description
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Publication year
2016
Confidentiality
S - Úplné a pravdivé údaje o projektu nepodléhají ochraně podle zvláštních právních předpisů

Article name in the collection
34th International Conference Mathematical Methods in Economics (MME) : proceedings papers
ISBN
978-80-7494-296-9
ISSN
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e-ISSN
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Number of pages
6
Pages from-to
49-54
Publisher name
Technická univerzita Liberec
Place of publication
Liberec
Event location
Liberec
Event date
Sep 6, 2016
Type of event by nationality
EUR - Evropská akce
UT code for WoS article
000385239500009

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