OCA Index: Results for the EU's member states

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

OCA Index: Results for the EU's member states

Popis výsledku v původním jazyce

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.

Název v anglickém jazyce

OCA Index: Results for the EU's member states

Popis výsledku anglicky

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.

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

2016

Kód důvěrnosti údajů

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

Název statě ve sborníku

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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Počet stran výsledku

6

Strana od-do

49-54

Název nakladatele

Technická univerzita Liberec

Místo vydání

Liberec

Místo konání akce

Liberec

Datum konání akce

6. 9. 2016

Typ akce podle státní příslušnosti

EUR - Evropská akce

Kód UT WoS článku

000385239500009