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DC Field | Value | Language |
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dc.contributor.author | Campos, NF | - |
dc.contributor.author | Macchiarelli, C | - |
dc.date.accessioned | 2020-12-07T14:40:47Z | - |
dc.date.available | 2020-12-07T14:40:47Z | - |
dc.date.issued | 2020-11-28 | - |
dc.identifier | ORCID iDs: Nauro F. Campos https://orcid.org/0000-0002-4886-070X; Corrado Macchiarelli https://orcid.org/0000-0003-1292-6663. | - |
dc.identifier.citation | Campos, N.F. and Macchiarelli, C. (2020) 'The Dynamics of Core and Periphery in the European Monetary Union: A New Approach', Journal of International Money and Finance, 112, 102325, pp. 1 - 18. doi: 10.1016/j.jimonfin.2020.102325. | en_US |
dc.identifier.issn | 0261-5606 | - |
dc.identifier.uri | https://bura.brunel.ac.uk/handle/2438/21970 | - |
dc.description.abstract | Copyright © 2020 The Authors. Despite numerous studies about core-periphery in monetary unions, few focus on their dynamics. This paper (i) presents new theory-based, continuous and dynamic measures of the probability of a country being classified as core or periphery; (ii) estimates the determinants of the changes in this probability over time and across countries; and (iii) uses the Phillips-Sul convergence panel framework to investigate the behaviour of core and periphery groups over time. Our main results indicate that the post-EMU decrease of the core-periphery gap that we document was mainly driven by the adoption of the euro and by increasing competition (lower mark-ups). | en_US |
dc.format.extent | 1 - 18 | - |
dc.format.medium | Print-Electronic | - |
dc.language.iso | en | en_US |
dc.publisher | Elsevier | en_US |
dc.rights | Copyright © 2020 The Authors. Published by Elsevier Ltd. This is an open access article under the CC BY license (https://creativecommons.org/licenses/by/4.0/). | - |
dc.rights.uri | https://creativecommons.org/licenses/by/4.0/ | - |
dc.subject | euro | en_US |
dc.subject | core-periphery | en_US |
dc.subject | competition | en_US |
dc.subject | symmetry | en_US |
dc.subject | convergence | en_US |
dc.title | The Dynamics of Core and Periphery in the European Monetary Union: A New Approach | en_US |
dc.type | Article | en_US |
dc.relation.isPartOf | Journal of International Money and Finance: theoretical and empirical research in international economics and finance | - |
pubs.publication-status | Published | - |
pubs.volume | 112 | - |
dc.identifier.eissn | 1873-0639 | - |
dc.rights.holder | The Authors | - |
Appears in Collections: | Dept of Economics and Finance Research Papers |
Files in This Item:
File | Description | Size | Format | |
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FullText.pdf | Copyright © 2020 The Authors. Published by Elsevier Ltd. This is an open access article under the CC BY license (https://creativecommons.org/licenses/by/4.0/). | 1.03 MB | Adobe PDF | View/Open |
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