Core and Periphery in the European Monetary Union: Bayoumi and Eichengreen 25 years later

Open access
Datum
2016-10Typ
- Journal Article
Abstract
Bayoumi and Eichengreen (1993) establish a EMU core–periphery pattern using 1963–1988 data. We use same methodology, sample, window length (1989–2015), and a novel over-identifying restriction test to ask whether the EMU strengthened or weakened the core–periphery pattern. Our results suggest the latter. Mehr anzeigen
Persistenter Link
https://doi.org/10.3929/ethz-b-000120363Publikationsstatus
publishedExterne Links
Zeitschrift / Serie
Economics LettersBand
Seiten / Artikelnummer
Verlag
ElsevierThema
Business cycle synchronization; Structural VAR; European Monetary Union; Core–periphery