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Regular version of the site

Book chapter

Посткризисная турбулентность в условиях финансовой интеграции

С. 193-210.
The paper studies the impact of the global financial crisis on the development of integration processes in the euro area. International Monetary Fund data for 12 countries in the euro zone for the periods before (2002-2007) and during the crisis (2008-2013.) are analyzed in order to assess the degree of synchronicity of changes in macroeconomic indicators such as GDP growth, the level of public debt, inflation, unemployment and the current account balance. To quantify the observed changes the Kendall's concordance coefficients before and after the crisis were calculated. Coherence in the changes of economic growth rates before and after the crisis beginning has been compared with the similar coherence in three other groups of countries with different levels of financial integrity.The hypothesis concerning systemic turbulence which led to some euro zone fragmentation under the crisis is discussed.

In book

Edited by: В. М. Матюшок М.: Российский университет дружбы народов, 2014.