This paper studies how the return connectedness exhibits the potential linkages among 17 economies over the twenty-year period started in 2001 by using the Vector Auto-Regression (VAR) to calculate the Generalized Forecast Error Decompositions. We aim to explore the connectedness among 17 equity...

In this short article we use a simple differences-in-differences technique to investigate whether bilateral correlation of business cycles increased more amongst members of the European Monetary Union (EMU) after the implementation of the Euro than amidst other OECD economies. We present...