Core and Periphery in the European Monetary Union: Bayoumi and Eichengreen 25 years later

Nauro Campos and Corrado Macchiarelli

Economics Letters, 2016, vol. 147, issue C, 127-130

Abstract: Bayoumi and Eichengreen (1993) establish a EMU core–periphery pattern using 1963–1988 data. We use same methodology, sample, window length (1989–2015), and a novel over-identifying restriction test to ask whether the EMU strengthened or weakened the core–periphery pattern. Our results suggest the latter.

Keywords: Business cycle synchronization; Structural VAR; European Monetary Union; Core–periphery (search for similar items in EconPapers)
JEL-codes: E32 E63 F02 (search for similar items in EconPapers)
Date: 2016
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Citations: View citations in EconPapers (60)

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Related works:
Working Paper: Core and periphery in the European Monetary Union: Bayoumi and Eichengreen 25 years later (2016)
Working Paper: Core and Periphery in the European Monetary Union: Bayoumi and Eichengreen 25 Years Later (2016)
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Persistent link: https://EconPapers.repec.org/RePEc:eee:ecolet:v:147:y:2016:i:c:p:127-130

DOI: 10.1016/j.econlet.2016.07.040

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