A new proceuure to deal with the macroeconomic imbalance in the European Union

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dc.contributor.author Applová, Petra
dc.date.accessioned 2013-07-03T12:04:55Z
dc.date.available 2013-07-03T12:04:55Z
dc.date.issued 2012
dc.identifier Univerzitní knihovna (studovna)
dc.identifier.issn 1211-555X (Print)
dc.identifier.issn 1804-8048 (Online)
dc.identifier.uri http://hdl.handle.net/10195/49509
dc.description.abstract The objective of the presented paper is, in the first place, to look into the solution of current serious macroeconomic problems of member states of the European Union by laying down a new enforcement mechanism described in the Alert Mechanism Report (AMR). In recent years distinctive and persistent macroeconomic imbalances have accumulated that are reflected in high and persistent external deficits and surpluses, in the persistent loss of competitiveness, in the dramatic increase in indebtedness and in the increase in real estate bubbles, which were one of the causes of the current financial crisis. Macroeconomic problems of the European Union’s economies are dealt with in the very AMR, which defines a new procedure for the prevention and reformation of macroeconomic dysfunctions. Based on compliance with ten selected indicators according to determined threshold values those economies are identified that are liable to undergoing various macroeconomic imbalances in years to come. In the end the paper uses selected statistic methods, namely cluster analysis, to look into the mentioned indicators of external imbalances and competitiveness and imbalances inside an economy in question. The article focuses on the analysis of the created clusters according to their similarity in the development of the mentioned macroeconomic indicators and on the assessment of the conclusions of the EU commission. eng
dc.format p. 5-13 eng
dc.language.iso eng
dc.publisher Univerzita Pardubice
dc.relation.ispartof Scientific papers of the University of Pardubice. Series D, Faculty of Economics and Administration. 24 (2/2012) eng
dc.rights open access eng
dc.subject macroeconomic imbalances eng
dc.subject internal imbalances eng
dc.subject external imbalances eng
dc.subject excessive imbalance procedure eng
dc.subject alert mechanism report eng
dc.title A new proceuure to deal with the macroeconomic imbalance in the European Union eng
dc.type Article
dc.identifier.signature 47940-24
dc.peerreviewed yes eng
dc.publicationstatus published eng


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