Campos, Nauro F. and Macchiarelli, Corrado (2016) Core and periphery in the European Monetary Union: Bayoumi and Eichengreen 25 years later. Economics Letters, 147. pp. 127-130. ISSN 0165-1765
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Identification Number: 10.1016/j.econlet.2016.07.040
Abstract
Bayoumi-Eichengreen (1993) establish a EMU core-periphery pattern using 1963-1988 data. We use same methodology, sample, window length (1989-2015), and a novel over-identifying restriction test to ask whether the EMU strengthened or weakened the core-periphery pattern. Our results suggest the latter.
Item Type: | Article |
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Official URL: | http://www.journals.elsevier.com/economics-letters |
Additional Information: | © 2016 The Author |
Divisions: | European Institute |
Subjects: | H Social Sciences > HB Economic Theory |
JEL classification: | E - Macroeconomics and Monetary Economics > E3 - Prices, Business Fluctuations, and Cycles > E32 - Business Fluctuations; Cycles E - Macroeconomics and Monetary Economics > E6 - Macroeconomic Policy Formation, Macroeconomic Aspects of Public Finance, Macroeconomic Policy, and General Outlook > E63 - Comparative or Joint Analysis of Fiscal and Monetary Policy; Stabilization F - International Economics > F0 - General > F02 - International Economic Order |
Date Deposited: | 25 Oct 2016 15:35 |
Last Modified: | 08 Aug 2024 04:51 |
URI: | http://eprints.lse.ac.uk/id/eprint/68132 |
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