Saiki, Ayako; Kim, Sunghyun Henry - de Nederlandsche Bank - 2014
Business cycle synchronization is an important condition for a currency union to be successful. Frankel and Rose (1998 … cycles since the adoption of the euro. Then, we attempt to link the business cycle synchronization with trade integration …. Our new contribution is that we examine the role intra-industry trade (IIT), and vertical IIT (V-IIT), in business cycle …