Arbeitspapier
EMU and Accession Countries: Fuzzy Cluster Analysis of Membership
This paper estimates the readiness of the Accession Countries of Central and East Europe for EMU or for unilateral euroisation using a fuzzy clustering algorithm. The variables to which the algorithm is applied are suggested alternately by the criteria in the Maastricht Treaty (nominal convergence) and by Optimum Currency Area theory (real convergence). The algorithm reveals that Estonia and Slovenia are the leaders in both nominal and real convergence, whereas the other countries from the 1998 Accession Wave have achieved substantial results only in real convergence. Moreover, Poland is excluded from the leading group in the most recent years due to its worsened economic performance.
- Language
-
Englisch
- Bibliographic citation
-
Series: Working Paper ; No. 71
- Classification
-
Wirtschaft
- Subject
-
CEECs
Optimum currency area
EMU
fuzzy cluster analysis
nominal and real convergence
- Event
-
Geistige Schöpfung
- (who)
-
Boreiko, Dimitri
- Event
-
Veröffentlichung
- (who)
-
Oesterreichische Nationalbank (OeNB)
- (where)
-
Vienna
- (when)
-
2002
- Handle
- Last update
-
10.03.2025, 11:45 AM CET
Data provider
This object is provided by:
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. If you have any questions about the object, please contact the data provider.
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. If you have any questions about the object, please contact the data provider.
Object type
- Arbeitspapier
Associated
- Boreiko, Dimitri
- Oesterreichische Nationalbank (OeNB)
Time of origin
- 2002
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