Core and Periphery in the European Monetary Union: Bayoumi and Eichengreen 25 Years Later

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.

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Year of publication:	2016
Authors:	Campos, Nauro F. ; Macchiarelli, Corrado
Publisher:	London : London School of Economics and Political Science (LSE), European Institute
Subject:	Business cycle synchronization \| Structural VAR \| European Monetary Union \| Core-periphery

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Series:	LEQS Paper ; 116
Type of publication:	Book / Working Paper
Type of publication (narrower categories):	Working Paper
Language:	English
Other identifiers:	RePEc:eiq:eileqs:116 [RePEc]
Classification:	E32 - Business Fluctuations; Cycles ; E63 - Comparative or Joint Analysis of Fiscal and Monetary Policy; Stabilization ; F02 - International Economic Order; Economic Integration and Globalization: General
Source:	EconStor

Persistent link: https://www.econbiz.de/10015070543