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Title:
Convergence of business cycles as a confirmation of OCA theory
Authors:
ID
Dizdarević, Vesna
(
Author
)
ID
Volčjak, Robert
(
Author
)
Files:
http://www.dlib.si/details/URN:NBN:SI:DOC-I38NBJXI
RAZ_Dizdarevic_Vesna_2012.pdf
(1,04 MB)
MD5: 1466111E42ACACC41134839064B2DE7D
Language:
English
Work type:
Scientific work
Typology:
1.01 - Original Scientific Article
Organization:
EPF - Faculty of Business and Economics
Abstract:
This paper examines business cycles in EU members and compares them with the business cycles of the economic and monetary union in Europe (EMU) members assumed to satisfy the optimal currency area (OCA). Accordingly, a multi-resolution decomposition of GDP growth signals is used, and correlation coefficients are computed for decomposed signals to assess the numerical values of synchronicities of business cycles. Our results reveal indications that areas adopting the euro in many ways confirm OCA theory and that the business cycles of most of the new EU members are not synchronized with the EMU; as such, these members might experience some difficulties if joining the euro too early.
Publication status:
Published
Publication version:
Version of Record
Publication date:
04.08.2012
Year of publishing:
2012
Number of pages:
str. 3-15
Numbering:
Letn. 58, št. 3/4
PID:
20.500.12556/DKUM-60127
UDC:
338.12:339.738(4)
ISSN on article:
0547-3101
COBISS.SI-ID:
11131676
DOI:
10.7549/ourecon.2012.3-4.01
NUK URN:
URN:SI:UM:DK:TZATB9L6
Publication date in DKUM:
24.07.2025
Views:
117
Downloads:
7
Metadata:
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Record is a part of a journal
Title:
Naše gospodarstvo : revija za aktualna gospodarska vprašanja
Shortened title:
Naše gospod.
Publisher:
Ekonomsko-poslovna fakulteta, Društvo ekonomistov Maribor, Ekonomski center Maribor
ISSN:
0547-3101
COBISS.SI-ID:
751364
Secondary language
Language:
Slovenian
Title:
Konvergenca poslovnih ciklov kot potrditev teorije optimalnega valutnega področja
Abstract:
V članku so obravnavani konjunkturni cikli in še posebej njihova konvergenca v evrskem območju, kakor to predpostavlja teorija optimalnega valutnega področja (OCA). Uporabljena je bila multiresolucijska dekompozija časovnih vrst BDP, za pridobitev numeričnih vrednosti sinhronizacije konjukturnih ciklov pa so bili izračunani korelacijski koeficienti dekomponiranih časovnih vrst. Rezultati kažejo, da območje evra v marsičem potrjuje teorijo OCA, hkrati pa tudi opozarjajo, da utegnejo imeti nove članice EU težave, če se odločijo prezgodaj pridružiti evrskem območju.
Keywords:
konvergenca
,
konjunktura
,
cikli
,
analiza
,
gospodarstvo
Collection
This document is a collection and includes these documents:
Naše gospodarstvo
This document is a part of these collections:
Naše gospodarstvo
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