Assessing Overall Fit and Invariance in a PLS Model of PIGS and V4 Countries’ Financial Systems

  • Juan José García-MachadoEmail author
  • Agnieszka Jachowicz
Conference paper
Part of the Studies in Systems, Decision and Control book series (SSDC, volume 180)


This research focuses on the financial systems of the countries that are in the tail of the Eurozone (contemptuously named PIGS), that take part in the ESCB, and are subjected to the discipline of the ECB and the troika, versus the systems of the countries which are at the top of the New Member States (NMS) and do not have the Euro currency. In this paper we apply some PLS-SEM-based model fit measures and testing measurement model invariance as a prior study to make sure that we can compare and find significant differences between PIGS and V4 countries financial systems using a Multigroup Analysis. In our opinion, this study provides important and reliable information to the ECB, PIGS and V4 countries’ policy makers.


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Copyright information

© Springer Nature Switzerland AG 2019

Authors and Affiliations

  • Juan José García-Machado
    • 1
    Email author
  • Agnieszka Jachowicz
    • 2
  1. 1.University of HuelvaHuelvaSpain
  2. 2.The University of Dabrowa GorniczaDąbrowa GórniczaPoland

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