Caporale, Guglielmo Maria; De Santis, Roberta; Girardi, … - 2013
analyse in a time-varying framework the determinants of output synchronisation in EMU (European Monetary Union) distinguishing … hypothesis. Evidence is found in the euro period of diverging patterns between the core and the peripheral EMU countries raising … questions about the future stability of EMU. -- Output synchronisation ; trade intensity ; endogeneity ; European Monetary Union …