PL EN


2004 | 51 | 5 | 415-448
Article title

Business cycle harmonization in new and old EU member-states

Title variants
Languages of publication
HU
Abstracts
EN
The study analyses the degree of similarity in the business cycles of the EMU members and eight new Central and Eastern European (CEE) EU members, for which EMU accession will be the next stage of integration. The coincidence of cycles is usually regarded as one of the most important optimal currency area properties. While the business cycles of Hungary, Poland and Slovenia greatly approximate to those of the EMU countries in GDP, industrial production and exports, the same cannot be said of consumption or services. The other CEE countries show little or no coincidence in their cycles. The EMU countries have managed to achieve increasing harmonization of their cycles, which could support the endogeneity of optimum currency areas.
Year
Volume
51
Issue
5
Pages
415-448
Physical description
Document type
ARTICLE
Contributors
author
author
  • Zs. Darvas, no address given, contact the journal editor
References
Document Type
Publication order reference
Identifiers
CEJSH db identifier
06HUAAAA00651638
YADDA identifier
bwmeta1.element.6573220c-1e7b-3eec-ac3f-4e9e75841d9f
JavaScript is turned off in your web browser. Turn it on to take full advantage of this site, then refresh the page.