Manchester Metropolitan University's Research Repository

    Membership of EMU: a fuzzy clustering analysis of alternative criteria

    Zhang, Wenda and Artis, M. J. (2002) Membership of EMU: a fuzzy clustering analysis of alternative criteria. Journal of economic integration, 17 (1). pp. 54-79. ISSN 1225-651X

    File not available for download.


    The paper applies fuzzy clustering techniques to the member countries of the European Union in order to arrive at an identification of preferred monetary union groupings. The statistical criteria employed are those suggested, alternatively, by the traditional Optimal Currency Area theory or the Treaty of Maastricht. Both criteria sets identify well-identified sub-groups, where a distinction can be made between a "core group" and one or more peripheral goups. Despite some differences, the similarity between the groups distinguished by the alternative sets of criteria is quite striking. On the whole this is good news for the sustainability of the current "Euro-zone".

    Impact and Reach


    Activity Overview
    6 month trend
    6 month trend

    Additional statistics for this dataset are available via IRStats2.

    Repository staff only

    Edit record Edit record