Język Polski
English
Published
:
2018-04-30
Perception of the Euro vs. the Economic Performance of EU States
Emília Zimková
Vlastimil Farkašovský
Jarosław Szostak
Abstract
While it is true that the euro area states have seen multiple benefits from the adoption of a single currency, some of them turned out to be disconcertingly vulnerable to the impacts of the 2007-2008 financial crisis. As a result, the vague prospect of a multi-speed Europe that had not received much attention prior to the financial crunch has become fairly likely to materialize. Although Euroskeptics and pro-Europeans alike argue that the monetary union is an unfinished project, they tend to advocate radically different solutions: while the former would opt for its decomposition, the latter would further pursue integration by establishing a fiscal union. The paper addresses the question of how the euro is perceived in both EMU and non-EMU states vis-à-vis the countries' economic performance assessed against the EMU nominal convergence criteria. In doing so, it explores a body of data sourced from the European Commission and the European Central Bank using the k-means cluster analysis. The analysis aims to highlight heterogeneity in perceptions as well as in economic convergence across the European countries.(original abstract)Keywords:
Economic and political integration of Europe, Eurozone, Monetary unions, Cluster analysis, AlgorithmsMost read articles by the same author(s)
- Emília Zimková, Public Debt Sustainability - the Case of Poland , Zeszyty Naukowe Wyższej Szkoły Bankowej w Poznaniu: Vol. 54 No. 3 (2014)
- Emília Zimková, An Innovative Approach to the Evaluation of Efficiency in the Financial Industry - The Case of Slovakia , Zeszyty Naukowe Wyższej Szkoły Bankowej w Poznaniu: Vol. 69 No. 4 (2016)
- Emília Zimková, Quo Vadis, Euro? , Zeszyty Naukowe Wyższej Szkoły Bankowej w Poznaniu: Vol. 48 No. 3 (2013)
- Emília Zimková, The Pros and Cons of Technological Innovations in Financial Services , Zeszyty Naukowe Wyższej Szkoły Bankowej w Poznaniu: Vol. 73 No. 2 (2017)
- Emília Zimková, Liquidity Premium in the Economic and Monetary Union's and Poland's Banking Sectors - an Indicator of Financial (In)Stability , Zeszyty Naukowe Wyższej Szkoły Bankowej w Poznaniu: Vol. 59 No. 2 (2015)
- Emília Zimková, Reliability of the European Aims till 2020: a comparative cluster analysis , Zeszyty Naukowe Wyższej Szkoły Bankowej w Poznaniu: Vol. 49 No. 4 (2013)
Details
References
Statistics
Authors
Citation rules
Zimková, E., Farkašovský, V., & Szostak, J. (2018). Perception of the Euro vs. the Economic Performance of EU States. Zeszyty Naukowe Wyższej Szkoły Bankowej W Poznaniu, 79(2). https://doi.org/10.26349/zn.wsb.w.poznaniu.0079.05