Bayoumi, Tamim A.; Eichengreen, Barry - 2017
Once upon a time, in the 1990s, it was widely agreed that neither Europe nor the United States was an optimum currency … currency area than the Euro Area. More intriguingly, the Euro Area shows striking changes in correlations and responses which … area, although moderating this concern was the finding that it was possible to distinguish a regional core and periphery …