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Showing result 1 - 5 of 13 essays matching the above criteria.

  1. 1. Optimum Currency Area (OCA) Theory : Labour Mobility as an OCA Criterion

    University essay from Mittuniversitetet/Institutionen för ekonomi, geografi, juridik och turism

    Author : Linus Yman; [2023]
    Keywords : ;

    Abstract : .... READ MORE

  3. 2. Is the euro the right way? : A study on the effect of implementing the euro on domestic unemployment.

    University essay from Uppsala universitet/Nationalekonomiska institutionen

    Author : Kevin Sule; [2021]
    Keywords : euro area; euro; unemployment rate; currency area; monetary union; trade; synthetic control method;

    Abstract : This paper aims to investigate how the domestic unemployment rate of a nation is affected by joining the European currency union and converting to the euro. This is done through the use of a synthetic control method, as well as an augmented version of the model, where I define the Euro Area countries as the treatment group, and conversion to euro as treatment. READ MORE

  4. 3. EMPTYING THE SCHOOL OF ATHENS A quantitative analysis of the link between the Eurozone crisis and declining worker productivity in the Greek economy

    University essay from Göteborgs universitet/Statsvetenskapliga institutionen

    Author : Mikael Hemlin; [2019-09-13]
    Keywords : Greece; euro crisis; worker productivity; human capital transfers; optimum currency area theory; worker flexibility;

    Abstract : The purpose of this thesis is to investigate the causes of Greece’s worker productivity decline in the aftermath of the euro crisis. Through the employment of three groups of time-series regressions, the empirical analysis of the thesis demonstrates that: 1) there exists an unambiguous correlation between the unfolding of the euro crisis and Greece’s declining worker productivity – a correlation which is entirely disconnected from the progression of the country’s competitiveness; 2) the progression of the crisis is intimately correlated with Greece’s recent surge in human capital emigration; and 3) this outflow of human capital-rich workers may explain a large portion of Greece’s worker productivity decline since 2008. READ MORE

  5. 4. Wavelet Analysis of Business Cycle Synchronization in Europe

    University essay from Lunds universitet/Nationalekonomiska institutionen

    Author : Glenn Nielsen; [2018]
    Keywords : wavelet analysis; business cycle synchronization; principal component analysis; Euro area; optimum currency area; Business and Economics;

    Abstract : Business cycle synchronization is an essential criterion for creating and maintaining an optimal currency area. In this paper, it is investigated whether this required criterion holds for the Euro area at different time horizons (short run, medium run and long run), and if the financial crisis of 2007-2008 influenced the degree of synchronization in Europe. READ MORE

  6. 5. The Cost and Benefits of a Swedish EMU Membership : An analysis of the consequences for Sweden to had opted out of the European Monetary Union

    University essay from Södertörns högskola/Nationalekonomi

    Author : Rafael Foscarini; [2018]
    Keywords : Sweden; Finland; EMU; Monetary Policy; OCA;

    Abstract : The 2008/2009 world financial crisis, as well as the 2010 onwards European sovereign debt crisis, retriggered the debate on costs and benefits of a European Monetary Union membership. This thesis examines whether Sweden experienced net costs or benefits in opting out the EMU, especially in comparison to Finland due to the close link between both economies, as well as cultural and geographical similarities. READ MORE