Campos, NF;
Macchiarelli, C;
(2016)
Core and Periphery in the European Monetary Union: Bayoumi and Eichengreen 25 years later.
Economics Letters
, 147
pp. 127-130.
10.1016/j.econlet.2016.07.040.
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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.
| Type: | Article |
|---|---|
| Title: | Core and Periphery in the European Monetary Union: Bayoumi and Eichengreen 25 years later |
| Open access status: | An open access version is available from UCL Discovery |
| DOI: | 10.1016/j.econlet.2016.07.040 |
| Publisher version: | https://doi.org/10.1016/j.econlet.2016.07.040 |
| Language: | English |
| Additional information: | Copyright © 2016 The Authors. Published by Elsevier B.V. This is an open access article under the CC BY license (http://creativecommons.org/licenses/by/4.0/). |
| Keywords: | Business cycle synchronization, Structural VAR, European Monetary Union, Core–periphery |
| UCL classification: | UCL UCL > Provost and Vice Provost Offices > UCL SLASH UCL > Provost and Vice Provost Offices > UCL SLASH > SSEES |
| URI: | https://discovery.ucl.ac.uk/id/eprint/10119752 |
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