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Title: Trends in Business Cycles Synchronization in the EMU
Authors: Caetano, José Manuel
Vaz, Elsa Januário
Caleiro, António Bento
Editors: Caetano, José Manuel
Sousa, Miguel Rocha de
Keywords: business cycles
asymmetric shocks
synchronization analysis
Issue Date: May-2018
Publisher: Nova Science Publishers
Citation: Caetano, José Manuel; Vaz, Elsa Januário; Caleiro, António Bento (2018), "Trends in business cycles synchronization in the EMU", in Caetano, J.M.; Rocha de Sousa, M. (ed.s), Challenges and Opportunities for the Eurozone Governance, pp. 35-60, New York: Nova Science Publishers, (ISBN: 978-1-53613-474-2).
Abstract: The synchronization of business cycles is associated with optimal currency areas. Being a prerequisite for membership in such a zone was questioned by the view that the synchronization of economic cycles would result from the very operation of the optimal currency zone. An empirical observation of the business cycles in the Eurozone seems, however, to show that this synchronization has not increased, especially in relation to the so-called peripheral countries, which of course raises questions about that association. The chapter therefore seeks to verify whether the synchronization of the business cycles of the Eurozone countries has actually increased or, if it has decreased, in which countries this has taken place.
Type: bookPart
Appears in Collections:ECN - Publicações - Capítulos de Livros

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