The shrinking endogeneity of optimum currency areas criteria: Evidence from the European Monetary Union--A beta regression approach

António Mendonça (), João Silvestre and José Passos

Economics Letters, 2011, vol. 113, issue 1, 65-69

Abstract: The endogeneity of optimum currency area criteria has been widely studied. Literature suggests the existence of a positive relationship between trade intensity and business cycle correlation. Using a beta regression model for the Eurozone we have concluded that trade has a decreasing marginal effect on business cycle correlation.

Keywords: European; Monetary; Union; (EMU); Business; cycle; correlation; Optimum; currency; areas; Beta; regression (search for similar items in EconPapers)
Date: 2011
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Citations: View citations in EconPapers (3)

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Working Paper: The Shrinking Endogeneity of Optimum Currency Areas Criteria: Evidence from the European Monetary Union – A Beta Regression Approach (2007)
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Persistent link: https://EconPapers.repec.org/RePEc:eee:ecolet:v:113:y:2011:i:1:p:65-69

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