EU Enlargement and Endogeneity of some OCA Criteria : Evidence from the CEECs

  • Ian Babetskii, Evzen Kocenda, +5 authors Jan Svejnar
  • Published 2004

Abstract

There are two opposite points of view on the link between economic integration and business cycle synchronization. De Grauwe (1997) classifies these competing views as “The European Commission View” and “The Krugman View”. According to the European Commission (1990), closer integration leads to less frequent asymmetric shocks and to more synchronized… (More)

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