Basse, T. (2015) “Searching for the EMU core member countries“, European Journal of Political Economy, Vol. 34, Supplement, June2014, pp. S32–S39.
This study uses techniques of cointegration analysis and tests for structural change to search for changes to sovereign credit risk in some relevant member states of the European Monetary Union (EMU) trying to identify core countries. While there are a number of core countries the empirical findings presented in this study seem to provide some evidence that might be interpreted as a sign for bond markets not believing anymore that France is belonging to this prestigious group of EMU member states.
Relevant posts:
- Alcidi, C., Giovannini, A. & Piedrafita, S. (2014) “Enhancing the Legitimacy of EMU Governance“, Economic Policy, Politics and Institutions, Centre for European Policy Studies (CEPS) Special Reports, 18 December.
- Dullien, S. (2014) “Why A European Unemployment Insurance Would Help To Make EMU More Sustainable“, Social Europe Journal, 03 October.
- Hacker, B. (2013) “Why The ‘Genuine EMU’ Will Not Be a Fiscal Union“, Social Europe Journal, 02 January.