Bitte verwenden Sie diesen Link, um diese Publikation zu zitieren, oder auf sie als Internetquelle zu verweisen: https://hdl.handle.net/10419/212495 
Erscheinungsjahr: 
2001
Schriftenreihe/Nr.: 
BOFIT Discussion Papers No. 14/2001
Verlag: 
Bank of Finland, Institute for Economies in Transition (BOFIT), Helsinki
Zusammenfassung: 
We assess the correlation of supply and demand shocks between the euro area, the EU accession countries and also the present EU countries.Shocks are recovered from estimated structural vector autoregressive models.We find that some advanced accession countries have quite high correlation with the euro area.However, even for many high income accession countries the degree of correlation remains low.Also, in the 90s many EU countries seemed to have much higher correlation with the core euro area countries than in previous decades.Continuing integration within the EU seems to have aligned business cycles of the countries as well.
Schlagwörter: 
optimal currency area
monetary union
EU enlargement
JEL: 
E32
F42
Persistent Identifier der Erstveröffentlichung: 
ISBN: 
951-686-810-X
Dokumentart: 
Working Paper

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