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DC Field | Value | Language |
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dc.contributor.author | Campos, NF | - |
dc.contributor.author | Fidrmuc, J | - |
dc.contributor.author | Korhonen, I | - |
dc.date.accessioned | 2018-12-03T15:30:08Z | - |
dc.date.available | 2018-12-03T15:30:08Z | - |
dc.date.issued | 2018 | - |
dc.identifier.citation | International Review of Financial Analysis, 2019, 61 pp. 274 -283 | en_US |
dc.identifier.issn | 1057-5219 | - |
dc.identifier.uri | https://bura.brunel.ac.uk/handle/2438/17172 | - |
dc.description.abstract | © 2018 The Authors. This paper offers a systematic evaluation of the evidence on the effects of currency unions on the synchronisation of economic activity. Focusing on Europe, we construct a database of about 3000 business cycles synchronisation coefficients including their design and estimation characteristics. We find that: (1) synchronisation increased from about 0.4 before the introduction of the euro in 1999 to 0.6 afterwards; (2) this increase occurred in both euro and non-euro countries (larger in former); and (3) there is evidence of country-specific publication bias. | en_US |
dc.language.iso | en | en_US |
dc.publisher | Elsevier | en_US |
dc.subject | Business cycles synchronisation | en_US |
dc.subject | Optimum currency areas | en_US |
dc.subject | EMU | en_US |
dc.subject | Euro | en_US |
dc.subject | Meta-analysis | en_US |
dc.title | Business cycle synchronisation and currency unions: A review of the econometric evidence using meta-analysis | en_US |
dc.type | Article | en_US |
dc.identifier.doi | https://doi.org/10.1016/j.irfa.2018.11.012 | - |
dc.relation.isPartOf | International Review of Financial Analysis | - |
pubs.publication-status | Published | - |
Appears in Collections: | Economics and Finance Dept of Economics and Finance Research Papers |
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FullText.pdf | 1.34 MB | Adobe PDF | View/Open |
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