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This paper studies co-movements in real output growth across countries of Latin America in the sample period 1970-2007. To detect the change over time, correlations in real growth are analyzed over two sub-samples: 1970-1986 and 1987-2007. Correlation coefficients detect co-movements in real...
Persistent link: https://www.econbiz.de/10009421198
In the wake of India’s liberalization since the early 1990s, the country’s monetary and trade integration with the leading economy, the US, has increased more than ever before. While literature on whether financial integration leads to greater business cycle synchronization is ambiguous,...
Persistent link: https://www.econbiz.de/10008552759
This paper examines the degree of business cycles synchronization between Romania and the Euro area, by using Germany as a benchmark for the area economic cycle. The period of the study is 2000 - 2011, with a special emphasis on the recent economic and financial crisis. Using the...
Persistent link: https://www.econbiz.de/10010625887
In the wake of India’s liberalization since the early 1990s, the country’s monetary and trade integration with the leading economy, the US, has increased more than ever before. While literature on whether financial integration leads to greater business cycle synchronization is ambiguous,...
Persistent link: https://www.econbiz.de/10008611381
We use wavelet analysis to study cycle synchronization across the EU-15 and the Euro-12 countries. Based on the wavelet transform, we propose a metric to measure and test for business cycles synchronization. Several conclusions emerge. France and Germany form the core of the Euro land, being the...
Persistent link: https://www.econbiz.de/10008765054
We assess the business cycle synchronization features of aggregate output in the 27 EU countries using annual data for the period 1970-2009. In particular, we compute measures of synchronisation for private consumption, government spending, gross fixed capital formation, exports and imports. Our...
Persistent link: https://www.econbiz.de/10008765123
significant increase in synchronization of GDP and its major components within EMU. This lends support to the argument of OCA … diminished in the EMU members. …
Persistent link: https://www.econbiz.de/10005792241
significant increase in synchronization of GDP and its major components within EMU. This lends support to the argument of OCA … diminished in the EMU members. …
Persistent link: https://www.econbiz.de/10004969051
business cycles between the EMU and eight new EU members from Central and Eastern European countries (CEECs), for which the … next step to be considered in the integration process is entry into the EMU. In contrast to the usually analyzed GDP and … of synchronization with the EMU for GDP, industrial production and exports, but not for consumption and services. The …
Persistent link: https://www.econbiz.de/10005562437
structure of its economy also notably differs from the euro zone. To benefit fully from joining the EMU, Estonia must strengthen …
Persistent link: https://www.econbiz.de/10008498024