DIAGNOSTIC ANALYSIS OF GREECE

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Chee Heong Quah

Abstract

This paper explores Greece’s level of international competitiveness and the degree of fit between the conditions in Greece and those prescribed by optimal currency areas (OCA) theory. Given that Greece now shares the same currency with Germany, the de facto central country of the eurozone, findings indicate that problems in Greece may have been exacerbated by loss of mercantile competitiveness vis-à-vis Germany and/or lack of convergence with the central economy in OCA-related dimensions.

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How to Cite
Quah, C. H. (2015). DIAGNOSTIC ANALYSIS OF GREECE. Investigación Económica, 73(287). Retrieved from https://revistas.unam.mx/index.php/rie/article/view/50506