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The former EU president Jean-Claude Junker has proposed that all countries of the European Union should also adopt the euro as their currency and recent research has shown that countries currently pursuing this goal indeed fulfill the classical Optimal Currency Area (OCA) criterion of positively...
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The former EU president Jean-Claude Junker has proposed that all countries of the European Union should also adopt the euro as their currency and recent research has shown that countries currently pursuing this goal indeed fulfill the classical Optimal Currency Area (OCA) criterion of positively...
Persistent link: https://www.econbiz.de/10012506932
This paper studies the process of business cycle synchronization in the European Union and the euro area. As our … monetary policy of the European Central Bank (ECB), special attention is paid to the pattern of business cycle synchronization … euro area shows that there was a certain synchronization tendency in the first years of the common currency. However, the …
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commonly used criterions for successful monetary in contemporary research is business cycle synchronization (BCS). Though BCS …
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