The Assessment of Convergence in the EU Using the Optimum Currency Area Index

Kód výsledku v IS VaVaI

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Výsledek na webu

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DOI - Digital Object Identifier

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Jazyk výsledku

angličtina

Název v původním jazyce

The Assessment of Convergence in the EU Using the Optimum Currency Area Index

Popis výsledku v původním jazyce

The aim of this paper is to assess the convergence in terms of OCA theory in the EU economies and to describe aspects of global financial crisis for convergence process as well. The Optimum Currency Area (OCA) index was used for evaluation this kind of convergence, referred to as structural convergence, in the EU economies in relation to the EU average. Structural convergence in terms of OCA theory is a crucial requirement of functioning economic and monetary integration in the European Union (EU). Thatis considered because of the current stage of the EU integration, which is the economic and monetary union (EMU). The important factor that is able to influence the development of the OCA index is the hypothesis of endogeneities of OCA. External shockshave influence on convergence and development of OCA index as well. High index values of some current euro area members, who face significant problems due to economic crisis, confirmed the lack of convergence of these countries with EU. S

Název v anglickém jazyce

The Assessment of Convergence in the EU Using the Optimum Currency Area Index

Popis výsledku anglicky

The aim of this paper is to assess the convergence in terms of OCA theory in the EU economies and to describe aspects of global financial crisis for convergence process as well. The Optimum Currency Area (OCA) index was used for evaluation this kind of convergence, referred to as structural convergence, in the EU economies in relation to the EU average. Structural convergence in terms of OCA theory is a crucial requirement of functioning economic and monetary integration in the European Union (EU). Thatis considered because of the current stage of the EU integration, which is the economic and monetary union (EMU). The important factor that is able to influence the development of the OCA index is the hypothesis of endogeneities of OCA. External shockshave influence on convergence and development of OCA index as well. High index values of some current euro area members, who face significant problems due to economic crisis, confirmed the lack of convergence of these countries with EU. S

Druh

D - Stať ve sborníku

CEP obor

AH - Ekonomie

OECD FORD obor

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Projekt

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Návaznosti

S - Specificky vyzkum na vysokych skolach

Rok uplatnění

2011

Kód důvěrnosti údajů

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

Název statě ve sborníku

Lessons Learned from the Financial Crisis

ISBN

978-80-7248-708-0

ISSN

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e-ISSN

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Počet stran výsledku

15

Strana od-do

121-135

Název nakladatele

Slezská univerzita v Opavě, OPF Karviná

Místo vydání

Karviná

Místo konání akce

Ostrava

Datum konání akce

12. 10. 2011

Typ akce podle státní příslušnosti

WRD - Celosvětová akce

Kód UT WoS článku

000309369700006