The shrinking endogeneity of optimum currency areas criteria: Evidence from the European Monetary Union--A beta regression approach
AbstractThe 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.
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Bibliographic InfoArticle provided by Elsevier in its journal Economics Letters.
Volume (Year): 113 (2011)
Issue (Month): 1 (October)
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Web page: http://www.elsevier.com/locate/ecolet
European Monetary Union (EMU) Business cycle correlation Optimum currency areas Beta regression;
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