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

Campos, Nauro F.; and Macchiarelli, Corrado (2016) Core and periphery in the European Monetary Union: Bayoumi and Eichengreen 25 years later Economics Letters, 147. pp. 127-130. ISSN 0165-1765
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Bayoumi-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.
Item Type Article
Keywords business cycle synchronization,structural VAR,European Monetary Union,core-periphery
Departments European Institute
DOI 10.1016/j.econlet.2016.07.040
Date Deposited 25 Oct 2016 15:35
URI https://researchonline.lse.ac.uk/id/eprint/68132

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