Assessing the Endogeneity of OCA Conditions in EMU

Detalhes bibliográficos
Autor(a) principal: Vieira, Carlos
Data de Publicação: 2012
Outros Autores: Vieira, Isabel
Tipo de documento: Artigo
Idioma: eng
Título da fonte: Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos)
Texto Completo: http://hdl.handle.net/10174/6032
https://doi.org/10.1111/j.1467-9957.2012.02321.x
Resumo: The 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.
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spelling Assessing the Endogeneity of OCA Conditions in EMUoptimum currency areasmonetary unionsThe 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.The Manchester School2012-11-27T17:33:38Z2012-11-272012-01-01T00:00:00Zinfo:eu-repo/semantics/publishedVersioninfo:eu-repo/semantics/articlehttp://hdl.handle.net/10174/6032http://hdl.handle.net/10174/6032https://doi.org/10.1111/j.1467-9957.2012.02321.xengVIEIRA, C. and VIEIRA, I. (2012) Assessing the Endogeneity of OCA Conditions in EMU, The Manchester School, 80, 77-91cvieira@uevora.ptimpvv@uevora.pt640Vieira, CarlosVieira, Isabelinfo:eu-repo/semantics/openAccessreponame:Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos)instname:Agência para a Sociedade do Conhecimento (UMIC) - FCT - Sociedade da Informaçãoinstacron:RCAAP2024-01-03T18:45:23Zoai:dspace.uevora.pt:10174/6032Portal AgregadorONGhttps://www.rcaap.pt/oai/openaireopendoar:71602024-03-20T01:00:59.542790Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos) - Agência para a Sociedade do Conhecimento (UMIC) - FCT - Sociedade da Informaçãofalse
dc.title.none.fl_str_mv Assessing the Endogeneity of OCA Conditions in EMU
title Assessing the Endogeneity of OCA Conditions in EMU
spellingShingle Assessing the Endogeneity of OCA Conditions in EMU
Vieira, Carlos
optimum currency areas
monetary unions
title_short Assessing the Endogeneity of OCA Conditions in EMU
title_full Assessing the Endogeneity of OCA Conditions in EMU
title_fullStr Assessing the Endogeneity of OCA Conditions in EMU
title_full_unstemmed Assessing the Endogeneity of OCA Conditions in EMU
title_sort Assessing the Endogeneity of OCA Conditions in EMU
author Vieira, Carlos
author_facet Vieira, Carlos
Vieira, Isabel
author_role author
author2 Vieira, Isabel
author2_role author
dc.contributor.author.fl_str_mv Vieira, Carlos
Vieira, Isabel
dc.subject.por.fl_str_mv optimum currency areas
monetary unions
topic optimum currency areas
monetary unions
description The 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.
publishDate 2012
dc.date.none.fl_str_mv 2012-11-27T17:33:38Z
2012-11-27
2012-01-01T00:00:00Z
dc.type.status.fl_str_mv info:eu-repo/semantics/publishedVersion
dc.type.driver.fl_str_mv info:eu-repo/semantics/article
format article
status_str publishedVersion
dc.identifier.uri.fl_str_mv http://hdl.handle.net/10174/6032
http://hdl.handle.net/10174/6032
https://doi.org/10.1111/j.1467-9957.2012.02321.x
url http://hdl.handle.net/10174/6032
https://doi.org/10.1111/j.1467-9957.2012.02321.x
dc.language.iso.fl_str_mv eng
language eng
dc.relation.none.fl_str_mv VIEIRA, C. and VIEIRA, I. (2012) Assessing the Endogeneity of OCA Conditions in EMU, The Manchester School, 80, 77-91
cvieira@uevora.pt
impvv@uevora.pt
640
dc.rights.driver.fl_str_mv info:eu-repo/semantics/openAccess
eu_rights_str_mv openAccess
dc.publisher.none.fl_str_mv The Manchester School
publisher.none.fl_str_mv The Manchester School
dc.source.none.fl_str_mv reponame:Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos)
instname:Agência para a Sociedade do Conhecimento (UMIC) - FCT - Sociedade da Informação
instacron:RCAAP
instname_str Agência para a Sociedade do Conhecimento (UMIC) - FCT - Sociedade da Informação
instacron_str RCAAP
institution RCAAP
reponame_str Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos)
collection Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos)
repository.name.fl_str_mv Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos) - Agência para a Sociedade do Conhecimento (UMIC) - FCT - Sociedade da Informação
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