This article tests the endogeneity hypothesis of optimum currency area (OCA) criteria in a
cross‐section of OECD countries in the 1990s. It argues that intraindustry trade induces …

We review the literature on business cycle correlation between the euro area and the
Central and Eastern European countries (CEECs), a topic that has gained attention as the …

We assess the correlation of supply and demand shocks between the countries of the euro
area and the accession countries in the 1990s. Shocks are recovered from estimated …

This paper analyzes the synchronization of business cycles between new and old EU
members using various measures. The main findings are that Hungary, Poland and …

Factor models can cope with many variables without running into scarce degrees of freedom
problems often faced in a regression-based analysis. In this article we review recent work on …

It is generally recognized that countries wanting to join a monetary union should display the
optimal currency area properties. One such property is the similarity of business cycles. We …

This paper gives an answer to two important questions:„what is sustainability of farming
enterprises?“and „how to assess sustainability of farming enterprises?“. First, major …

The paper aims to assess the real economic convergence among eight CEE countries that
accessed the EU: the Czech Republic, Estonia, Hungary, Latvia, Lithuania, Poland …

This paper analyzes the real economic convergence between the new EU entrants in
Central and Eastern Europe (CEE-8) and the EU core (EU-12 or EU-15). It includes new …

We analyse the evolution of the business cycle in the accession countries, after a careful
examination of the seasonal properties of the available series and the required modification …