ECONOMIC DEVELOPMENT IN THE VISEGRAD COUNTRIES FROM THE PERSPECTIVE OF MACROECONOMIC IMBALANCE PROCEDURE
The seriousness of problems stemming from macroeconomic imbalances in the EU and particularly in the euro area contributed to introduction of the Macroeconomic Imbalances Procedure which also includes a scoreboard of 11 indicators. The results of the scoreboard serve as an alert mechanism and are in...
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| Format: | Article |
| Language: | English |
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University of Applied Sciences in Bielsko-Biała
2015-04-01
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| Series: | Zeszyty Naukowe Wyższej Szkoły Finansów i Prawa w Bielsku-Białej |
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| Online Access: | https://www.wsfip.edu.pl/index.php/asej/article/view/512 |
| _version_ | 1797226516172505088 |
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| author | Daniel Stavárek |
| author_facet | Daniel Stavárek |
| author_sort | Daniel Stavárek |
| collection | DOAJ |
| description | The seriousness of problems stemming from macroeconomic imbalances in the EU and particularly in the euro area contributed to introduction of the Macroeconomic Imbalances Procedure which also includes a scoreboard of 11 indicators. The results of the scoreboard serve as an alert mechanism and are interpreted from an economic perspective with a view to identifying developments in the member states that may point to a risk of imbalances. The aim of the paper is to evaluate the risk of imbalances in the Visegrad countries using selected indicators from the scoreboard. Furthermore, the author extends the existing scoreboard methodology of absolute indicators by implementation of relative indices that are more valuable for effectiveness of the policy making process. The results suggest that the only Visegrad country with a significant risk of imbalances is Hungary. However, the relative indicators revealed a sign of possible imbalances also in the Czech Republic and Poland. |
| first_indexed | 2024-03-09T01:22:52Z |
| format | Article |
| id | doaj.art-cf9ac9661a4b4a8da4a752c3991d4532 |
| institution | Directory Open Access Journal |
| issn | 2543-9103 2543-411X |
| language | English |
| last_indexed | 2024-04-24T14:26:09Z |
| publishDate | 2015-04-01 |
| publisher | University of Applied Sciences in Bielsko-Biała |
| record_format | Article |
| series | Zeszyty Naukowe Wyższej Szkoły Finansów i Prawa w Bielsku-Białej |
| spelling | doaj.art-cf9ac9661a4b4a8da4a752c3991d45322024-04-03T04:44:05ZengUniversity of Applied Sciences in Bielsko-BiałaZeszyty Naukowe Wyższej Szkoły Finansów i Prawa w Bielsku-Białej2543-91032543-411X2015-04-0161ECONOMIC DEVELOPMENT IN THE VISEGRAD COUNTRIES FROM THE PERSPECTIVE OF MACROECONOMIC IMBALANCE PROCEDUREDaniel StavárekThe seriousness of problems stemming from macroeconomic imbalances in the EU and particularly in the euro area contributed to introduction of the Macroeconomic Imbalances Procedure which also includes a scoreboard of 11 indicators. The results of the scoreboard serve as an alert mechanism and are interpreted from an economic perspective with a view to identifying developments in the member states that may point to a risk of imbalances. The aim of the paper is to evaluate the risk of imbalances in the Visegrad countries using selected indicators from the scoreboard. Furthermore, the author extends the existing scoreboard methodology of absolute indicators by implementation of relative indices that are more valuable for effectiveness of the policy making process. The results suggest that the only Visegrad country with a significant risk of imbalances is Hungary. However, the relative indicators revealed a sign of possible imbalances also in the Czech Republic and Poland. https://www.wsfip.edu.pl/index.php/asej/article/view/512macroeconomic imbalanceinternational competitivenessMIP scoreboardrelative indicators |
| spellingShingle | Daniel Stavárek ECONOMIC DEVELOPMENT IN THE VISEGRAD COUNTRIES FROM THE PERSPECTIVE OF MACROECONOMIC IMBALANCE PROCEDURE Zeszyty Naukowe Wyższej Szkoły Finansów i Prawa w Bielsku-Białej macroeconomic imbalance international competitiveness MIP scoreboard relative indicators |
| title | ECONOMIC DEVELOPMENT IN THE VISEGRAD COUNTRIES FROM THE PERSPECTIVE OF MACROECONOMIC IMBALANCE PROCEDURE |
| title_full | ECONOMIC DEVELOPMENT IN THE VISEGRAD COUNTRIES FROM THE PERSPECTIVE OF MACROECONOMIC IMBALANCE PROCEDURE |
| title_fullStr | ECONOMIC DEVELOPMENT IN THE VISEGRAD COUNTRIES FROM THE PERSPECTIVE OF MACROECONOMIC IMBALANCE PROCEDURE |
| title_full_unstemmed | ECONOMIC DEVELOPMENT IN THE VISEGRAD COUNTRIES FROM THE PERSPECTIVE OF MACROECONOMIC IMBALANCE PROCEDURE |
| title_short | ECONOMIC DEVELOPMENT IN THE VISEGRAD COUNTRIES FROM THE PERSPECTIVE OF MACROECONOMIC IMBALANCE PROCEDURE |
| title_sort | economic development in the visegrad countries from the perspective of macroeconomic imbalance procedure |
| topic | macroeconomic imbalance international competitiveness MIP scoreboard relative indicators |
| url | https://www.wsfip.edu.pl/index.php/asej/article/view/512 |
| work_keys_str_mv | AT danielstavarek economicdevelopmentinthevisegradcountriesfromtheperspectiveofmacroeconomicimbalanceprocedure |