Assessing the Endogeneity of OCA Conditions in EMU

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dc.contributor.authorVieira, Carlos
dc.contributor.authorVieira, Isabel
dc.date.accessioned2012-11-27T17:33:38Z
dc.date.available2012-11-27T17:33:38Z
dc.date.issued2012
dc.description.abstractThe academic and political discussion about which countries met the conditions for joining EMU was decisively influenced by the Frankel and Rose (1997) hypothesis concerning endogenous OCA properties. The answer to their question "Is EMU more justifiable ex post than ex ante?" was a definite yes in their ex ante analysis. Our ex post examination of the euro's first decade suggests however that the hypothesis does not hold for some countries. This paper utilizes panel data estimation techniques to compute OCA indices that help assess the OCA endogeneity hypothesis and signal current external and fiscal imbalances.por
dc.identifier.authoremailcvieira@uevora.pt
dc.identifier.authoremailimpvv@uevora.pt
dc.identifier.citationVIEIRA, C. and VIEIRA, I. (2012) Assessing the Endogeneity of OCA Conditions in EMU, The Manchester School, 80, 77-91por
dc.identifier.doi10.1111/j.1467-9957.2012.02321.x
dc.identifier.scientificarea640por
dc.identifier.urihttp://hdl.handle.net/10174/6032
dc.language.isoengpor
dc.peerreviewedyespor
dc.publisherThe Manchester Schoolpor
dc.rightsopenAccesspor
dc.subjectoptimum currency areaspor
dc.subjectmonetary unionspor
dc.titleAssessing the Endogeneity of OCA Conditions in EMUpor
dc.typearticlepor

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