Crespo Cuaresma, Jesús; Fernández-Amador, Octavio - 2010
We propose the analysis of the dynamics of the standard deviation of business cycles across euro area countries in … euro area including all the new members of the recent enlargements does not imply a sizeable decrease in the optimality of … significant business cycle divergence taking place in the mid-eighties, followed by a persistent convergence period spanning most …