Belke, Ansgar; Schneider, Jennifer - In: Empirica 40 (2013) 1, pp. 175-196
be especially true for country-pairs that include euro area non-member countries and, thus, have quite different income …We investigate the linkage between business cycle convergence and financial portfolio choice for a panel of 18 EU … countries. We construct an index of similarity of financial portfolios which we then put into context with the view that “the …