EXPLORING FINANCIAL STABILITY: THE DICHOTOMY BETWEEN THE GREEK AND THE CZECH MODEL
EXPLORING FINANCIAL STABILITY: THE DICHOTOMY BETWEEN THE GREEK AND THE CZECH MODEL
Author(s): IONUȚ-ANDREI PRICOPSubject(s): Social Sciences, Economy, National Economy, Sociology, Economic policy, Economic development, EU-Approach / EU-Accession / EU-Development
Published by: Editura Tehnopress
Keywords: financial stability; Welfare State; development; unemployment; European Union JEL Classification: E60; H10; P16;
Summary/Abstract: The European Union, as a whole construct, inevitably has some notable structural differences in its various geographical areas. In this respect, we cannot overlook the fact that the financial stability of European citizens differs from one European country to another, with some European citizens having greater financial stability in their own households and others being more exposed to financial risks. Whatever our view of financial stability is, we must consider that it must be quantified, and in this way, we will see two completely opposite models in the European area: the Czech model and the Greek model, or rather one based on the minimal state and the other based on a welfare state. Our aim is, therefore, first to establish an aggregate indicator to quantify financial stability in the various countries of the European Union, and then to understand why there are such differences at European level, especially between Greece and the Czech Republic.
Journal: Journal of Public Administration, Finance and Law
- Issue Year: 2023
- Issue No: 30 Special
- Page Range: 185-196
- Page Count: 12
- Language: English
