stability of the euro area money demand function. We also compare single equation methods like the ARDL approach, FM-OLS, CCR … applied for this purpose in previous studies. -- ARDL model ; cointegration ; euro area ; financial crisis ; money demand …

to detect cross-member cointegration and to distinguish between international and national developments as drivers of the … long-run relation between money and its determinants. Indeed, cointegration between the common factors of the underlying … variables, i.e. cross-member cointegration, indicates that the long-run relationship is mainly driven by international …

For spatial data with a sufficiently long time dimension, the concept of global cointegration has been recently … included in the econometrics research agenda. Global cointegration arises when non-stationary time series are cointegrated both … allows us to analyze the short- and long-run impacts of internationalization activities. For the long-run cointegration …