Evaluation of the Macroeconomic Stability of Central and Eastern European Countries with a View Toward their Membership in the European Union. Multidimensional Risk Analysis

Pera Jacek ()
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Pera Jacek: Ph.D., Cracow University of Economics, Department of Economics and International Relations, Faculty of International Economic Relations

Comparative Economic Research, 2016, vol. 19, issue 3, 69-92

Abstract: The economies of European countries have been undergoing constant turbulence for several years. This is the consequence of a range of factors, in particular: the 2007 crisis; violations of the convergence criteria and fiscal discipline; problems with the liquidity of international financial markets; depreciation of the euro currency; increasing unemployment in European Union Member States; the slow increase in productivity in the majority of EU economies; growing indebtedness of public finance sectors; problems with retirement schemes – in particular with correlation between their effectiveness and unemployment and low rate of natural increase.

Keywords: stability; risk; imbalance; destabilisation; divergence (search for similar items in EconPapers)
Date: 2016
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Persistent link: https://EconPapers.repec.org/RePEc:vrs:coecre:v:19:y:2016:i:3:p:69-92:n:4

DOI: 10.1515/cer-2016-0021

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