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Optimum currency areas theory and the Slovak suitability for the euro adoption
Title Optimum currency areas theory and the Slovak suitability for the euro adoption Par.title Teória optimálnej menovej zóny a vhodnosť prijatia eura na Slovensku Author info DomeNico Raguseo, Ján Šebo Author Raguseo DomeNico (50%) UMBEF08 - Katedra verejnej ekonomiky
Co-authors Šebo Ján 1978- (50%) UMBEF08 - Katedra verejnej ekonomiky
Source document Economics Bulletin. Vol. 6, no. 40 (2008), pp. 1-14. - Nashville : Economics Bulletin, 2008 Keywords teória OCA OCA theory Headings Geogr. Slovensko Language English Country United States of America systematics 336 Annotation This paper tests the present readiness of Slovakia to join the European Monetary Union (EMU) based on the classical Optimum Currency Area criteria, the degree of trade intensity and business cycle synchronization. The results do not fully confirm the hypothesis that Slovakia already constitutes an optimum monetary union with the rest of the EMU countries; mainly the labour mobility is largely ineffective as adjustment mechanism. But, Slovakia is a open economy, its degree of trade integration is the highest among the Central and Eastern European countries and its economic and production structures are quite similar to the intra-EMU average. Moreover, Slovakia's business cycle appears at least as highly synchronized with the EMU's one as some present, small and peripheral EMU member countries. This would indicate that this country is equally a suitable candidate for the EMU membership and that the Euro adoption should not increase the likelihood of asymmetric shocks. URL Link na plný text Public work category ADE No. of Archival Copy 12793 Catal.org. BB301 - Univerzitná knižnica Univerzity Mateja Bela v Banskej Bystrici Database xpca - PUBLIKAČNÁ ČINNOSŤ References PERIODIKÁ-Súborný záznam periodika 
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