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International Conference on Innovative Applied Energy    

E-Proceedings ISBN: 978-1-912532-05-6

14-15 March 2019, Oxford, United Kingdom



Eurozone in the Light of the Optimum Currency Area; Model Countries: Germany and Poland



Ergin Akalpler

Faculty of Economics and Business Administration, Department of Economics, Near East University, Cyprus


Paper Abstract

In this study, the costs and benefits of the single currency in the light of the optimum currency area (OCA) are examined. The key question concentrates on whether the underlying theory of the OCA is still a sustainable model for the Eurozone. It is evident that the application of the OCA in the Eurozone has had different demand shocks in different members’ markets. This implies that demand shocks will tend to be more asymmetric instead of being symmetric, even though they are in the customs union.The ordinary least squares and cointegration are used between 1985 and 2015.

Paper Keywords
European Union, Eurozone, Optimum Currency Area, Currency Area Crisis, Ordinary Least square.
Corresponding author Biography

Ergin Akalpler is an economist, advisor and faculty member at Near East University.

He completed his undergraduate education in the Economics department of the Economics and Administrative Sciences Faculty in Turkey.  In 1989, through the European Council Scholarship programme, he attended the Vienna University of Economics for his master’s in the Institute for Foreign Economics and Politics. After completing his master’s education, he attended a PhD programme at the same university. He completed his education in the Institute for European Research and International Economics in the Vienna University of Economics and became  a Doctor of Economics and Social Sciences.

During and after his education, he taught as a lecturer and was the head of department at different universities in North Cyprus and in Vienna.

He has prepared several projects and attends many conferences and congress worldwide. He has published several articles and books.

In 2004, he was employed as an Educational Advisor by the Ministry of Education and the Higher Education Council in the TRNC for the implementation of the EU Socrates- Erasmus- Lifelong Learning Education programmes, ENQA (The European Association for Quality Assurance in Higher Education), Erasmus University Charter, European University Association, Naric and others. He managed the scholarship programme for students from third countries.  

In 2010, he became an advisor for the TRNC President on economic matters, with the responsibility for preparing, monitoring, evaluating and writing briefs/reports and communicating with the local institutions for evaluating the sectorial problems and issues. Regular meetings with the state secretary and other acting persons were conducted for evaluating and developing new plans and programs, along with regular meetings with the president. He has been assigned as an acting member and representative of the president for the Economic and Technical Committee for United Nation Development Program (UNDP).

He speaks both English and German.

He is married and has three children.

The International Conference on Innovative Applied Energy (IAPE’18)