Beine, Michel; Candelon, Bertrand; Sekkat, Khalid - Sonderforschungsbereich 373, Quantifikation und … - 1999
Most of the empirical studies dealing with international business cycles have disregarded the credibility issues that play an important role in the decision to join or not a monetary union. Most of empirical applications based on asymmetric shocks have failed to account for these aspects. In...