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Core and Periphery in the European Monetary Union: Bayoumi and Eichengreen 25 Years Later. LEQS Discussion Paper No. 116/2016 September 2016

Campos, Nauro F. and Macchiarelli, Corrado (2016) Core and Periphery in the European Monetary Union: Bayoumi and Eichengreen 25 Years Later. LEQS Discussion Paper No. 116/2016 September 2016. [Discussion Paper]

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    Abstract

    Bayoumi-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.

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    Item Type: Discussion Paper
    Subjects for non-EU documents: EU policies and themes > Policies & related activities > economic and financial affairs > EMU/EMS/euro
    Subjects for EU documents: UNSPECIFIED
    EU Series and Periodicals: UNSPECIFIED
    EU Annual Reports: UNSPECIFIED
    Series: Series > London School of Economics and Political Science (European Institute) > LEQS Discussion Papers
    Depositing User: Phil Wilkin
    Official EU Document: No
    Language: English
    Date Deposited: 03 Aug 2018 21:51
    Number of Pages: 38
    Last Modified: 03 Aug 2018 21:51
    URI: http://aei.pitt.edu/id/eprint/93632

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