USING MODEL OF FEDERATION FOR THE INVESTIGATION OF FOREIGN TRADE OF EUROZONE COUNTRIES

Abstract

In article the eurozone is considered as the state with federal system of governance. Relevance of based on this approach caused he close relationship between the eurozone countries themselves. The novelty the author's approachis to study the possibility of the eurozone as a unified system with its foreign trade. The author of the article proposed conceptual apparatus for describing this model: given their own definitions of balance of payments of the euro area and internal balance of payments of the euro area, and developed economic and mathematical model for calculating the balance of payments of the«eurozone - the federation». When analyzing the data on the method developed by the author using the interpolation method. The author has developed a mathematical model of federation for eurozone countries. In this article, except for the mathematical model, the author proposed a conceptual apparatus for describing the model, given own definition of balance of payments euro-zone and internal balance of payments. As part of the validation of the proposed model of federation assessed the effectiveness of the foreign trade activity in Germany as the locomotive this association, with the countries of the eurozone, as well as countries that are not included in the EU-18.