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metrics. Each country is represented by a network node, while the edges represent the cross-correlations calculated for a … specific macroeconomic variable, for a given time window. To study the intertemporal evolution of the network …
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This paper employs a new method and dataset to estimate the effect of currency unions on the integration of financial markets in late medieval Central Europe. The analysis reveals that membership in a union was significantly correlated with well-integrated markets. We also examine whether...
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We analyze business cycle convergence in the EU by focusing on the decoupling vs. convergence hypothesis for central, eastern and south eastern Europe (CESEE). In a nutshell, we fnd that business cycles in CESEE have decoupled considerably from the euro area (EA) during the financial crisis in...
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This paper analyzes the impact of the exchange rate regime on inflation and output in (South) Eastern and Central Europe. The panel estimations for the period between 1994 and 2004 show that de facto measures of exchange rate stability have a better explanatory power than the de jure measures in...
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