We study the degree of business cycle similarity between the Central and South-Eastern European (CESEE) countries and the Eurozone members. The special emphasis is put on the differences between countries that have already joined the European Union and those that are in different stages of...

The aim of the paper is to explore the role of trade in aligning the synchronisation patterns between the South Eastern European (SEE) countries – Albania, Bosnia and Herzegovina, Bulgaria, Croatia, FYR of Macedonia, Kosovo, Montenegro, Romania and Serbia – and members of the euro area. More...