Keywords
gross domestic product (GDP)
currency exchange rate
export import balance
currency exchange rate
export import balance
How to Cite
Ostoj, J. (2016) “16 YEARS OF THE EURO AREA – INCREASE OF GDP AND PAYMENT BALANCE (PRELIMINARY DATA ANALYSIS)”, Scientific Journal of Bielsko-Biala School of Finance and Law. Bielsko-Biała, PL, 20(3), pp. 48–68. doi: 10.19192/wsfip.sj3.2016.4.
Abstract
The paper makes an attempt at description of the impact of monetary integration on the most important macroeconomic indicators of the Euro area against the background of those countries which retained their national currency. As the main indicator describing changeability of economic growth in the EU countries the author assumed the average annual real GDP growth calculated in relation to the base value of GDP in 2003. The profile of payment balance (BPM5) of selected countries focuses on relations resulting from financing of trade turnover account balance by balance of the financial account and, particularly on direct and portfolio investments. The analysis was conducted in the context of basic relationships from the theory of the optimum payment area.The papers published in the ASEJ Journal (alternate title: Zeszyty Naukowe Wyższej Szkoły Finansów i Prawa w Bielsku-Białej) - published by the University of Applied Sciences in Bielsko-Biała, are online open access distributed (Creative Commons Attribution CC-BY-NC 4.0 license). The Publisher cannot be held liable for the graphic material supplied. The printed version is the original version of the issued Journal. Responsibility for the content rests with the authors and not upon the Scientific Journal or Bielsko-Biala School of Finance and Law.
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