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

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  • Pera Jacek

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

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.

Suggested Citation

  • Pera Jacek, 2016. "Evaluation of the Macroeconomic Stability of Central and Eastern European Countries with a View Toward their Membership in the European Union. Multidimensional Risk Analysis," Comparative Economic Research, Sciendo, vol. 19(3), pages 69-92, September.
    • Handle: RePEc:vrs:coecre:v:19:y:2016:i:3:p:69-92:n:4
    DOI: 10.1515/cer-2016-0021
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    References listed on IDEAS

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    2. Carmen M. Reinhart & Kenneth S. Rogoff, 2009. "Varieties of Crises and Their Dates," Introductory Chapters, in: This Time Is Different: Eight Centuries of Financial Folly, Princeton University Press.
    3. Smaga, Pawel, 2014. "The concept of systemic risk," LSE Research Online Documents on Economics 61214, London School of Economics and Political Science, LSE Library.
    4. Jaume Puig & Mr. Ken Miyajima & Rebecca McCaughrin & Mr. Peter Dattels, 2010. "Can You Map Global Financial Stability?," IMF Working Papers 2010/145, International Monetary Fund.
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