Dlhová kríza eurozóny a uplatnenie teórie optimálnej menovej oblasti prostredníctvom indexu OCA na krajiny PIIGS

Abstract

The aim of this thesis is to test the hypothesis of being a core and a periphery in the Eurozone throuht the OCA index on the selected countries. The developed world has faced the separate phases of the financial crisis since 2007, while the last phase of this crisis is government debt crisis. The debt crisis has expressed the most in the eurozone on the PIIGS countries, which are the most endangered countries of the uncontrolled bankruptcy from the Eurozone countries. On the ground of the real convergence these countries belong to the periphery of the eurozone and due to this fact these countries were investigated by the OCA index together with Belgium, Netherlands and Germany. On the ground of the obtained results of the analysis, it was not possible to unambiguously confirm if there exists a core and the periphery in the Eurozone.