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2016 | nr 3 | 48--68
Tytuł artykułu

16 Years of the Euro Area - Increase of GDP and Payment Balance (Preliminary Data Analysis)

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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.(original abstract)
Opis fizyczny
  • Bielsko-Biała School of Finance and Law
  • [1.] Canzonerii M.B, Valles J., Vinals J., The Exchange Rate as an Instrument of Macroeconomic Adjustment: Empirical Evidence and Relevance for European Monetary Union, Banco de Espana, Economic Bulletin, 1997.
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  • [1.] Eurostat. Real GDP growth rate - volume; Hyperlink to the table: =1&language=en&pcode=tec00115; Date of extraction: 16 May 2016 20:47:42 CEST.
  • [2.] Eurostat. GDP and main components (output, expenditure and income) [nama_10_gdp];
  • [3.]; Extracted on 01.05.16.
  • [4.] Polish Statistical Yearbooks for the period 2008-2014.
  • [5.] Die Deutsche Zalungsbilanz fur das Jahr 1999, Deutsche Bundesbank, Monatsbericht March 2000.
  • [6.] Die Deutsche Zalungsbilanz fur das Jahr 2002, Deutsche Bundesbank, Monatsbericht March 2003.
  • [7.] Die Deutsche Zalungsbilanz fur das Jahr 2004, Deutsche Bundesbank, Monatsbericht March 2005.
  • [8.] Die Deutsche Zalungsbilanz fur das Jahr 2007, Deutsche Bundesbank, Monatsbericht March 2008.
  • [9.] Die Deutsche Zalungsbilanz fur das Jahr 2010, Deutsche Bundesbank, Monatsbericht March 2011.
  • [10.] Die Deutsche Zalungsbilanz fur das Jahr 2011, Deutsche Bundesbank, Monatsbericht March 2012.
  • [11.] Die Deutsche Zalungsbilanz fur das Jahr 2013, Deutsche Bundesbank, Monatsbericht March 2014.
  • [12.] Die deutsche Zalungsbilanz fur das Jahr 2014, Deutsche Bundesbank, Monatsbericht March 2015.
  • [13.] Table of most important macroeconomic indicators in Slovakia. The Embassy of the Republic of Poland in Bratislava; data obtained from Slovakian Central Statistical Office, the National Bank of Slovakia and the Slovakian Ministry of Finance. olpraca_gospodarcza/sytuacja_gospodarcza/gospodarka_slowacji_ w_pierwszym_kwartale_2015_roku?channel=www (access 4/05/2016).
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