Real Convergence Trends in Central and Eastern European Countries towards Eurozone: Time-varying Correlation Approach

Result code in IS VaVaI

<a href="https://www.isvavai.cz/riv?ss=detail&h=RIV%2F62156489%3A43110%2F11%3A00184416" target="_blank" >RIV/62156489:43110/11:00184416 - 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

Real Convergence Trends in Central and Eastern European Countries towards Eurozone: Time-varying Correlation Approach

Original language description

The paper deals with an actual issue of the Euro adoption in the Central and Eastern European countries. The main goal is to assess the preparedness of candidate European countries to adopt the Euro from a perspective of the theory of Optimum Currency Areas (OCA). The measure of dynamic similarity of business cycles of selected Central and Eastern European countries (CEE), Baltic countries and the Eurozone was applied in the analysis. This measure indicates dynamic convergence trends of the CEE and Baltics towards the Eurozone. Business cycle correlation belongs to characteristics listed within a frame of the New Theory of Optimum Currency Areas approach. Particularly, the rolling window correlation of Gross Domestic Product and Industrial Production time series were applied to asses the dynamic moments in the evolution of similarity in business cycles of the analysed European candidate countries and the Eurozone. The results shed some light on continuing convergence process in Baltic,

Czech name

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Czech description

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Type

J_x - Unclassified - Peer-reviewed scientific article (Jimp, Jsc and Jost)

CEP classification

AH - Economics

OECD FORD branch

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Project

<a href="/en/project/GP402%2F08%2FP494" target="_blank" >GP402/08/P494: Assessment of the Convergence Process in the Czech Republic and Selected Candidate Countries towards the Eurozone</a><br>

Continuities

P - Projekt vyzkumu a vyvoje financovany z verejnych zdroju (s odkazem do CEP)

Publication year

2011

Confidentiality

S - Úplné a pravdivé údaje o projektu nepodléhají ochraně podle zvláštních právních předpisů

Name of the periodical

Acta academica karviniensia

ISSN

1212-415X

e-ISSN

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Volume of the periodical

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Issue of the periodical within the volume

2

Country of publishing house

CZ - CZECH REPUBLIC

Number of pages

9

Pages from-to

156-164

UT code for WoS article

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EID of the result in the Scopus database

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