Asymmetric shocks inside future EMU
AbstractIn this paper, we focus on the issue of shocks asymmetries in the future Euro - pean Monetary Union. Relying on the technique of codependence developed by GouriÃ©roux and Peaucelle [1989, 1993], we propose a new method which, unlike the analysis of Bayoumi and Eichengreen , does not require any arbitrary restrictions. As a whole, our results support the idea of a two-speed Europe.
Download InfoTo our knowledge, this item is not available for download. To find whether it is available, there are three options:
1. Check below under "Related research" whether another version of this item is available online.
2. Check on the provider's web page whether it is in fact available.
3. Perform a search for a similarly titled item that would be available.
Bibliographic InfoPaper provided by ULB -- Universite Libre de Bruxelles in its series ULB Institutional Repository with number 2013/10465.
Date of creation: Jun 1997
Date of revision:
Publication status: Published in: Journal of international economic integration (1997) v.12 n° 2,p.131-140
Other versions of this item:
- Beine, Michel & Hecq, Alain, 1997. "Asymmetric Shocks Inside Future EMU," Journal of Economic Integration, Center for Economic Integration, Sejong University, Center for Economic Integration, Sejong University, vol. 12, pages 131-140.
- C22 - Mathematical and Quantitative Methods - - Single Equation Models; Single Variables - - - Time-Series Models; Dynamic Quantile Regressions; Dynamic Treatment Effect Models &bull Diffusion Processes
- F33 - International Economics - - International Finance - - - International Monetary Arrangements and Institutions
- F42 - International Economics - - Macroeconomic Aspects of International Trade and Finance - - - International Policy Coordination and Transmission
You can help add them by filling out this form.
CitEc Project, subscribe to its RSS feed for this item.
- Chan, Tze-Haw & Khong, Wye Leong Roy, 2007. "Business Cycle Correlation and Output Linkages among the Asia Pacific Economies," MPRA Paper 11305, University Library of Munich, Germany, revised 24 Oct 2008.
- Carlos Felipe Jaramillo & Daniel Lederman & Maurizio Bussolo & David Gould & Andrew Mason, 2006. "Challenges of CAFTA : Maximizing the Benefits for Central America," World Bank Publications, The World Bank, number 7127, August.
- Michel Beine & Bertrand Candelon & Alain Hecq, 2000. "Assessing a Perfect European Optimum Currency Area: A Common Cycles Approach," Empirica, Springer, Springer, vol. 27(2), pages 115-132, June.
- Norbert Fiess, .
"Business Cycle Synchronization and Regional Integration: A Case Study for Central America,"
Working Papers, Business School - Economics, University of Glasgow
2005_14, Business School - Economics, University of Glasgow.
- Norbert Fiess, 2007. "Business Cycle Synchronization and Regional Integration: A Case Study for Central America," World Bank Economic Review, World Bank Group, World Bank Group, vol. 21(1), pages 49-72.
- Fiess, Norbert, 2005. "Business cycle synchronization and regional integration: a case study for Central America," Policy Research Working Paper Series 3584, The World Bank.
- Laurence Boone, 1997. "Symmetry and Asymmetry of Supply and Demand Shocks in the European Union," Working Papers 1997-03, CEPII research center.
- Schor, Armand-Denis, 2000. "La théorie des zones monétaires optimales : l’optimum, le praticable, le crédible et le réel," L'Actualité Economique, Société Canadienne de Science Economique, Société Canadienne de Science Economique, vol. 76(4), pages 545-576, dÃ©cembre.
- Chan, Tze-Haw & Lau, Evan, 2004. "Business cycles and the synchronization process: a bounds testing approach," MPRA Paper 2030, University Library of Munich, Germany, revised 2005.
- Alain Hecq & Franz Palm & Jean-Pierre Urbain, 2000. "Testing for Common Cyclical Features in Nonstationary Panel Data Models," CESifo Working Paper Series 248, CESifo Group Munich.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Benoit Pauwels).
If references are entirely missing, you can add them using this form.