文章基本信息

标题：MACROECONOMIC SHOCKS ASYMMETRY: SEE AS AN OPTIMAL CURRENCY AREA
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作者：Gjorgji Gockov ; Kiril Jovanovski
期刊名称：Časopis za Ekonomiju i Tržišne Komunikacije
印刷版ISSN：2232-8823
电子版ISSN：2232-9633
出版年度：2013
卷号：6
期号：2
页码：179-199
DOI：10.7251/EMC1302179G
语种：English
出版社：Paneuropean University Apeiron
摘要：Th is paper has the goal to evaluate the existence of asymmetry of macroeconomic shocks between the SEE countries.It focuses on the Optimum Currency Area (OCA) theory to determine the readiness of any country to participate in a monetary union.Th e main goal of the study is to evaluate the OCA criteria for Albania,Bosnia and Herzegovina,Bulgaria,Croatia,Greece,Macedonia,Montenegro,Kosovo,Serbia and Slovenia.Th e focus will be on the trade and fi nancial links among these countries,the harmonization of business cycles and the similarities in the infl ation movements.Going through often cited criteria for a successful currency union the paper will try to give conclusion for the possibilities to use the benefi ts of the OCA in the region.Th e paper will contribute with its assumptions that will be used in assessing the feasibility of a common currency area (CCA).Th at assumption will focus on the existence of the asymmetric shocks that will increase the costs of forming a CCA in SEE countries.In this paper,the comparative analysis of the key variables,policies and recommendations,gives profound basis for making conclusions related to the diff erent macroeconomic policies behavior in terms of bad economic performance.Identifi cation of the imbalances,national or international should give an answer for the dilemmas about the consistency of certain measure in terms of OCA.
关键词：Macroeconomic shocks;Optimum Currency Area;foreign trade;infl ation.