Case Study on KOF Globalization Index for Greece, Czech Republic, Poland, Romania and Hungary

Abstract

Through the decision of the European Union to extend the borders of influence and, implicitly, through the accession to western values of the states previously under Soviet authority, the process of regionalization at European level and integration of the mechanisms of the economic and financial markets has gained momentum. This study analyzes the evolution of the compositional indicators of financial integration at the level of the Euro from 1995 until 2018, highlighting their behavior in the key moments of the history of the European Union and the degree of integration of the markets emerging from within the European Union. Using the KOF globalization index, it analyzes the level of integration of Greece, the Czech Republic, Poland, Romania and Hungary, making a parallel of the evolution of these markets since the reference year1990, as an arbitrary moment of the decision to westernize the economies of these states.

Keywords

• the evolution of globalization
• comparative analysis of kof
• regionalization of the european union