The shrinking endogeneity of optimum currency areas criteria: Evidence from the European Monetary Union--A beta regression approach

The endogeneity of optimum currency area criteria has been widely studied. Literature suggests the existence of a positive relationship between trade intensity and business cycle correlation. Using a beta regression model for the Eurozone we have concluded that trade has a decreasing marginal effect on business cycle correlation.

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Year of publication:	2011
Authors:	Mendonça, António ; Silvestre, João ; Passos, José
Published in:	Economics Letters. - Elsevier, ISSN 0165-1765. - Vol. 113.2011, 1, p. 65-69
Publisher:	Elsevier
Keywords:	European Monetary Union (EMU) Business cycle correlation Optimum currency areas Beta regression

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Type of publication:	Article
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10009275186