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dc.contributor.authorBOREIKO, Dmitri
dc.date.accessioned2011-04-19T12:46:46Z
dc.date.available2011-04-19T12:46:46Z
dc.date.issued2003
dc.identifier.citationInternational journal of finance & economics, 2003, Vol. 8, No. 4, pp. 309-325
dc.identifier.issn1076-9307
dc.identifier.urihttps://hdl.handle.net/1814/16404
dc.description.abstractThis paper estimates the readiness of the accession countries of Central and Eastern Europe for EMU or unilateral euroization 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. Copyright (C) 2003 John Wiley Sons, Ltd.
dc.language.isoen
dc.publisherJohn Wiley & Sons Ltd
dc.subjectCEECs
dc.subjectOptimum Currency Area
dc.subjectEMU
dc.subjectFuzzy cluster analysis
dc.subjectNominal and real convergence
dc.titleEMU and accession countries : fuzzy cluster analysis of membership
dc.typeArticle
dc.identifier.doi10.1002/ijfe.216
dc.identifier.volume8
dc.identifier.startpage309
dc.identifier.endpage325
eui.subscribe.skiptrue
dc.identifier.issue4


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