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PROVING THE BENEFITS OF EURO AREA MEMBERSHIP FOR THE COUNTRIES IN CENTRAL AND EASTERN EUROPE

Authors: Georgiev, Georgi Chankov;

PROVING THE BENEFITS OF EURO AREA MEMBERSHIP FOR THE COUNTRIES IN CENTRAL AND EASTERN EUROPE

Abstract

Abstract Membership in the euro area should presumably bring benefits to member countries. But these can only be proven in a comparison between countries on either side of the "currency frontier". The “Visegrad countries” - Poland, the Czech Republic, Hungary, Slovakia and Slovenia - are selected as comparable countries with similar cultural, social and economic characteristics. The combination of sociological and economic indicators should overcome the limitations of the technocratic approach. However, tracking these indicators over the period from 2009 to 2021 does not prove the advantages of euro area membership.

References: 1. De Grauwe, P., (2012). The fragility of the Eurozone: Has it disappeared?, Journal of International Money and Finance, DOI:10.1016/j.jimonfin.2021.102546 2. Klein, C., (2022). The Eurozone and the Theory of Optimum Currency Areas, Lycée Hubert Clément Esch/Alzette 3. Maslow, A.,(1954). Motivation and Personality. Harpers 4. Minkov, M., (2007). Zasto sme razlichni, Sofia, Klasika I stil, ISBN: 9789543270293 5. Mundell, R. A., (1961). "A Theory of Optimum Currency Areas". American Economic Review

Keywords

euro area, advantages, indicators, comparison

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This is an alternative to the "Influence" indicator, which also reflects the overall/total impact of an article in the research community at large, based on the underlying citation network (diachronically).
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popularity
This indicator reflects the "current" impact/attention (the "hype") of an article in the research community at large, based on the underlying citation network.
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influence
This indicator reflects the overall/total impact of an article in the research community at large, based on the underlying citation network (diachronically).
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impulse
This indicator reflects the initial momentum of an article directly after its publication, based on the underlying citation network.
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