Paul de Grauwe and Paul Krugman are two of the most significant economists who are interested in single currency influence on the economic cycle. In our paper we try to show that a complex view of argumentation of both the economists i.e. (from both the views of the individual countries and the...

Economic growth and economic level belong among the most monitored economic figures as they give evidence of the level of both the economic activity and performance of a country as well as of the level of the economic development at which a given state or region finds itself. Within the EU...

The paper provides an introduction to essays published in this volume, which focus on nominal and real convergence in transition countries. The paper is based on the idea that the process of convergence can, to a large extent, be viewed via developments in real exchange rates. Key issues...

As a consequence of the new regionalism a marked increase in the number of regional groupings can be observed which makes the preferential relations between states even more complicated and complex. One of such complex relationships, which did not come to being during the third wave of...

Future of the European Union and its future directions should be the most important subject of the European Studies, which combine studies of Economy, Political Science, International Relations and other disciplines to study the European Integration Process in its complexity. This applies...

A number of authors have used the concept of an optimum currency area (or OCA) index to assess the relative proximity of various pairs of economies to the ideal of an optimum currency area. Alas, a significant deficiency of this approach as used so far is that it provides no room for long-term...

The main goal of this paper is to analyse the process of price convergence (beta and sigma convergence) in new EU Member States towards the Euro area (EU-12). The theoretical part of the paper consists of a brief overview of methods that are employed for analyses of the process of price...

Príspevok sa zaoberá integračným procesom západného Balkánu do Európskej únie. Prvá časť je venovaná integračnému procesu a výhodám, ktoré ďalšie rozširovanie prináša tak Európskej únii ako aj novým členským krajinám. Ďalej článok opisuje súčasné postavenie...

Czech Abstract: Článek s užitím teorie optimálních měnových oblastí (OCA) zkoumá, které z nových členských zemí EU jsou vhodným kandidátem přijetí jednotné měny euro. K posouzení vhodnosti přijetí jednotné měny je užit index optimální měnové oblasti. Index je pro...