Sectoral Specialization , Trade Intensity and Business Cycles Synchronization in an Enlarged EMU 1

@inproceedings{Traistaru2004SectoralS,
  title={Sectoral Specialization , Trade Intensity and Business Cycles Synchronization in an Enlarged EMU 1},
  author={Iulia Traistaru},
  year={2004}
}
  • Iulia Traistaru
  • Published 2004
The accession of Central European countries to the European Union implies the possibility of EMU membership once the Maastricht nominal convergence criteria will be met. This raises the question about costs and benefits of an enlarged EMU. In particular, the prospects for structural and cyclical convergence in an enlarged EMU have been little investigated so far. How synchronized are business cycles between the Central European countries and current EMU members? To what extent does similarity… CONTINUE READING