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Methodology for Examining the Economic Convergence: Selected Issues and Econometric Modeling Techniques

Author

Listed:
  • Kate?ina Dvoroková

    (V?B - Technical University of Ostrava, Faculty of Economics)

Abstract

The article is devoted to the problems of the international monetary system with the stress on the global crisis that revealed the vulnerability of modern financial markets. The main goal of the article is to evaluate reform efforts done by the International Monetary Fund and European Central Bank. Closer attention is focused mainly on the reform efforts that have been triggered by contemporary financial crisis. The analysis provides two highly probable scenarios of the euro area future development. European Monetary Union will either partially break apart when economically weaker countries leave, or it will maintain the existing member base with a gradual transition to the full Economic and Monetary Union.

Suggested Citation

  • Kate?ina Dvoroková, 2015. "Methodology for Examining the Economic Convergence: Selected Issues and Econometric Modeling Techniques," Proceedings of International Academic Conferences 2704888, International Institute of Social and Economic Sciences.
    • Handle: RePEc:sek:iacpro:2704888
    as

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    File URL: https://iises.net/proceedings/18th-international-academic-conference-london/table-of-content/detail?cid=27&iid=033&rid=4888
    File Function: First version, 2015
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    More about this item

    Keywords

    European Central Bank; EU; International Monetary Fund; economic crisis;
    All these keywords.

    JEL classification:

    • E22 - Macroeconomics and Monetary Economics - - Consumption, Saving, Production, Employment, and Investment - - - Investment; Capital; Intangible Capital; Capacity
    • F33 - International Economics - - International Finance - - - International Monetary Arrangements and Institutions
    • F34 - International Economics - - International Finance - - - International Lending and Debt Problems

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