Core and periphery in EMU : a cluster analysis

dc.contributor.author	ARTIS, Michael J.
dc.contributor.author	ZHANG, Wenda
dc.date.accessioned	2003-11-24T17:26:13Z
dc.date.available	2003-11-24T17:26:13Z
dc.date.issued	1998
dc.description	Digitised version produced by the EUI Library and made available online in 2020.
dc.description.abstract	The paper looks for inhomogeneities in the actual and prospective membership of the EMU by applying techniques of hard partitioning (cluster analysis) to a set of variables suggested by the theory of Optimal Currency Areas. The analysis reveals that the member countries may be divided into those belonging to the core (Germany, France, Austria, Belgium and the Netherlands) or to one of two peripheries, Northern or Southern (respectively, the Scandinavian countries, the UK and Ireland; and Greece, Spain, Italy and Portugal). These groups appear to be relatively well-defined; if the criteria of OCA theory are taken seriously this correspondingly implies a potential threat to the sustainability of the Union.
dc.format.mimetype	application/pdf
dc.identifier.citation	Florence : European University Institute, 1998	en
dc.identifier.issn	1028-3625
dc.identifier.uri	https://hdl.handle.net/1814/1589
dc.language.iso	en
dc.orcid.upload	TRUE	*
dc.publisher	European University Institute	en
dc.relation.ispartofseries	EUI RSC	en
dc.relation.ispartofseries	1998/37	en
dc.rights	info:eu-repo/semantics/openAccess
dc.title	Core and periphery in EMU : a cluster analysis	en
dc.type	Working Paper
dspace.entity.type	Publication
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