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2012 | 7 | 2 | 315-327

Article title

Convergence Problems in the Eurozone

Title variants

Languages of publication

EN

Abstracts

EN
This paper analyses the issue of convergence in the Eurozone. The overarching objective was to evaluate the monetary and fiscal convergence of the countries in the Eurozone during the recent period. A further goal was to establish recommendations boosting the economic efficiency of the analysed currency integration of the Eurozone. The paper pinpoints crucial theoretical underpinnings and the current analysis of the Eurozone. Empirical data pertinent to macroeconomic indicators, which were collated and statistically analysed, were also used to delineate crucial issues of convergence in the Eurozone.

Year

Volume

7

Issue

2

Pages

315-327

Physical description

Dates

published
2012-12-31

Contributors

  • Department of Microeconomics, University of Warmia and Mazury in Olsztyn
  • Department of Microeconomics, University of Warmia and Mazury in Olsztyn

References

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  • EBC Working Paper Series, 1284. Convergence Report 1998-2010. European Monetary Institute, Frankfurt/Main. De Grauwe P. 2003. Unia walutowa. PWE, Warszawa.
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  • De Grauwe P., Mongelli F.P. 2005. Endogeneites of Optimum Currency Areas. ECB Working Paper Series, 468.
  • Eurostat, http://epp.eurostat.ec.europa.eu/portal/page/portal/eurostat/home (access on 28.06.2011). Frankel J., Rose A. 1996. The Endogenity of the Optimum Currency Area Criteria. NBER Working Paper, 5700.
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  • Mongelli F.P. 2002. "New" Views on the Optimum Currency Area Theory: What is EMU Telling Us? ECB Working Paper Series, 138.
  • Mundell R. 1961. A Theory of Optimum Currency Areas. Amer. Econ. Rev., 51(4): 657-665.
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  • Raport na temat pełnego uczestnictwa Rzeczypospolitej Polskiej w trzecim etapie unii gospodarczej i walutowej. 2009. NBP, Warszawa.
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  • Tchorek G. 2010. Teoretyczne podstawy integracji walutowej. In: Mechanizmy funkcjonowania strefy euro. Eds. P. Kowalewski, G. Tchorek, J. Górski. NBP, Warszawa.
  • von Hagen J., Wyplosz C. 2008. EMU's decentralized system of fiscal policy. Economic Papers. Economic and Financial Affairs, Eurpean Commission, 306.
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  • Wyplosz C. 2005. How to rebuild the stability pact. Financial Times, http://www.ft.com/intl/cms/s/0/ b20bfa32-73f8-11d9-b705-00000e2511c8.html#axzz1Rt5A4iaR (access on 28.06.2011).
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Document Type

Publication order reference

Identifiers

YADDA identifier

bwmeta1.element.desklight-8801d8c2-bd1b-4811-a676-d66830ea7e18
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