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Optimum currency area index for the economic community of West African states (ECOWAS)

Egbuna, Ngozi Eunice; Jarju, Ismaila; Bawa, Sani; … - 2019

This study assesses the speed of real convergence in ECOWAS using the Optimal Currency Area (OCA) theory to determine the readiness of member countries for a monetary union. The study leveraged on Bayoumi and Eichengreen (1996) and computed OCA indices utilizing both variables suggested by the...

Persistent link: https://www.econbiz.de/10013342018

Has the Euro changed business cycle synchronization? : evidence from the core and the periphery

Lehwald, Sybille - In: Empirica : journal of european economics 40 (2013) 4, pp. 655-684

Persistent link: https://www.econbiz.de/10010226065

Three essays in international macroeconomics

Furceri, Davide - 2007

Persistent link: https://www.econbiz.de/10009691357

Has the Euro changed the business cycle?

Enders, Zeno; Jung, Philip; Müller, Gernot J. - In: European economic review : EER 59 (2013), pp. 189-211

Persistent link: https://www.econbiz.de/10009723952

Exchange rate volatility and choice of anchor currency : prospects for a Melanesian currency union

Lahari, Willie - 2011

: Australia, New Zealand, USA and Japan. The main findings showed that both short-term and cyclical exchange rate volatility are … focuses on the effects of a currency union on exchange rate volatility following similar approach by Scrimgeour (2002 … currency baskets. Choosing a single common anchor currency based solely on exchange rate volatility may not be conclusive …

Persistent link: https://www.econbiz.de/10009409641

Business cycle correlation between the Euro area and the Balkan countries

Gouveia, Sofia - In: International journal of economic sciences and applied … 7 (2014) 1, pp. 33-49

This paper examines the degree of trade integration and business cycle synchronisation between eight Balkan countries and the Euro area over the period 2000:1-2011:4. The main findings are that Slovenia and the Former Yugoslav Republic of Macedonia exhibit a high level of openness relative to...

Persistent link: https://www.econbiz.de/10010459812

The effect of asymmetries in fiscal policy conducts on business cycle correlation in the EU

Rozmahel, Petr; Grochová, Ladislava Issever; Litzman, Marek - 2014

The paper examines the effects of asymmetries in fiscal policy conduct upon the correlation of business cycles in the European Union. In particular the paper estimates the effects of fiscal indiscipline and dissimilarity on business cycle correlation in the period 1996-2012 using a panel of 27...

Persistent link: https://www.econbiz.de/10010429842

On some problems in discrete wavelet analysis of bivariate spectra with an application to business cycle synchronization in the euro zone

Bruzda, Joanna - 2011

The paper considers some of the problems emerging from discrete wavelet analysis of popular bivariate spectral quantities like the coherence and phase spectra and the frequency-dependent time delay. The approach taken here, introduced by Whitcher and Craigmile (2004), is based on the maximal...

Persistent link: https://www.econbiz.de/10008934751

Business Cycle Convergence or Decoupling? Economic Adjustment in CESEE During the Crisis

Gächter, Martin - 2014

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...

Persistent link: https://www.econbiz.de/10013064345

Is Europe Growing Together or Growing Apart?

Crowley, Patrick M. - 2013

While it is painfully clear that the 'ever closer' monetary and financial union in the EU has run into serious trouble there has been very little study of the degree to which the countries have become similar or different in their economic growth dynamics. This paper therefore goes beyond the...

Persistent link: https://www.econbiz.de/10013071549

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