Crespo Cuaresma, Jesús; Fernández-Amador, Octavio - 2010
convergence from 1998 to 2005, when a strong divergence trend appears. An enlargement of the EMU to 22 members would not decrease … in the European Monetary Union (EMU). This analysis allows us to evaluate the patterns of cyclical comovement in EMU and … put them in contrast to the cyclical performance of the new members of the EU and other OECD countries. We use the …