Caporale, Guglielmo Maria; De Santis, Roberta; Girardi, … - In: Journal of Financial Stability 16 (2015) C, pp. 154-163
Using annual bilateral data over the period 1988–2011 for a panel of 26 industrialised and emerging economies, we analyse in a time-varying framework the determinants of output synchronisation in EMU (European Monetary Union) distinguishing between core and peripheral member states. The...