Assessing the Endogeneity of OCA Conditions in EMU

Bibliographic Details
Main Author: Vieira, Carlos
Publication Date: 2012
Other Authors: Vieira, Isabel
Format: Article
Language: eng
Source: Repositórios Científicos de Acesso Aberto de Portugal (RCAAP)
Download full: http://hdl.handle.net/10174/6032
https://doi.org/10.1111/j.1467-9957.2012.02321.x
Summary: 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:Repositórios Científicos de Acesso Aberto de Portugal (RCAAP)instname:FCCN, serviços digitais da FCT – Fundação para a Ciência e a Tecnologiainstacron:RCAAP2024-01-03T18:45:23Zoai:dspace.uevora.pt:10174/6032Portal AgregadorONGhttps://www.rcaap.pt/oai/openaireinfo@rcaap.ptopendoar:https://opendoar.ac.uk/repository/71602025-05-28T11:55:50.920507Repositórios Científicos de Acesso Aberto de Portugal (RCAAP) - FCCN, serviços digitais da FCT – Fundação para a Ciência e a Tecnologiafalse
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:Repositórios Científicos de Acesso Aberto de Portugal (RCAAP)
instname:FCCN, serviços digitais da FCT – Fundação para a Ciência e a Tecnologia
instacron:RCAAP
instname_str FCCN, serviços digitais da FCT – Fundação para a Ciência e a Tecnologia
instacron_str RCAAP
institution RCAAP
reponame_str Repositórios Científicos de Acesso Aberto de Portugal (RCAAP)
collection Repositórios Científicos de Acesso Aberto de Portugal (RCAAP)
repository.name.fl_str_mv Repositórios Científicos de Acesso Aberto de Portugal (RCAAP) - FCCN, serviços digitais da FCT – Fundação para a Ciência e a Tecnologia
repository.mail.fl_str_mv info@rcaap.pt
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