Crespo-Cuaresma, Jesús; Fernández-Amador, Octavio - In: Journal of International Money and Finance 37 (2013) C, pp. 239-259
across countries in the European Monetary Union (EMU). This analysis allows us to evaluate the patterns of cyclical … comovement in EMU and compare them to the cyclical performance of the new members of the European Union (EU) and other OECD …. The new EU members are relatively well synchronized with the EMU, and an enlargement of the EMU to 22 members would not …