This paper examines synchronization in the euro area and the role of intra-EMU trade from 1981 to 2011, focusing in … nineties across almost all countries could partially be explained by the increase in trade, which has been strengthened since … the start of the run-up to the EMU. For southern European economies, the results are mixed. We find also that trade …

, inter alia, the intensity or trade with other potential members of the currency union, and the extent to which domestic … business cycles are correlated with those of the other countries. But international trade patterns and international business … close trade links tend to have more tightly correlated business cycles. It follows that countries are more likely to satisfy …

of trade impacting on rich countries' business cycles is thus mitigated, and its direct impact lessened. The structure of …

This paper provides novel evidence on the determinants of the synchronization in business cycles. I find trade has …

massively, trade collapses, the discount factor goes up first and then falls significantly, and capital depreciation increases …

impact on bilateral trade, output co-movement and financial integration. Financial integration is measured by the degree of … the greatest effect, the peg regime also significantly boosts trade. We also find that, while the peg regime contributes …

This paper re-estimates the correlation between trade and business cycle synchronization. Different from other previous … studies, we employ long-run GDP and trade data and use the GDP cross-correlation index a la Cerqueira and Martins (2009 …) rather than over-time cross-correlations. We find a positive impact of trade on business cycle synchronization particularly …

paper covers a number of dimensions of integration including the volume of bilateral trade, real exchange rate volatility …

This paper employs worldwide data on output and bilateral trade in order to identify optimum currency areas (OCA’s) on … trade, some large continental OCA’s can be discerned in the world. Adding the second criterion, which concerns symmetry …

enhances trade and business cycle co-movements among its member countries sufficiently as to obviate the need for national … monetary policy. This paper examines the empirical relationship between trade and business cycle correlations among thirteen … not explored fully in the literature. According to our result, although trade is relevant to the business cycles of …