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The present paper has two aims. The first aim is to test whether six new member states of the European Union (the six Central and Eastern European Countries) form an optimum currency area (OCA) with the eurozone, in an attempt to assess their readiness for euro adoption. The second aim is to...
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EU cohesion policy (convergence objective). According to the fifth cohesion report "cohesion policy has made a …
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dynamic and varies over time and across frequencies. We study the synchronization applying the wavelet cohesion measure with …
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across frequencies. We study the synchronization applying the wavelet cohesion measure with time-varying weights. This novel …
Persistent link: https://www.econbiz.de/10011305160
The first objective of this paper is to present theoretical approaches to the impact of trade growth (induced by monetary integration) on business cycle synchronization which is an important factor of a country's readiness for a currency union accession. The main conclusion from the first part...
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