Publication detail

The Endogeneity of Optimum Currency Area Criteria in the Context of Financial Crisis: Evidence from Time-Frequency Domain Analysis

POMĚNKOVÁ, J. KAPOUNEK, S.

Original Title

The Endogeneity of Optimum Currency Area Criteria in the Context of Financial Crisis: Evidence from Time-Frequency Domain Analysis

Type

journal article in Web of Science

Language

English

Original Abstract

We provide wavelet analysis of economic cycle synchronization during the recent financial crisis. However, the global financial crisis caused economic cycles in the most European countries to become more strongly synchronized without increasing of the real convergence process. Our contribution is in application of singular value decomposition to identify and remove long-term trend included outliers appears in the year 2007–2010. We found that historically greater integration provides more highly synchronized cycles in the core euro area member countries.

Keywords

Euro area, singular value decomposition, synchronization, wavelet analysis.

Authors

POMĚNKOVÁ, J.; KAPOUNEK, S.

RIV year

2013

Released

26. 9. 2013

Location

Praha

ISBN

0139-570X

Periodical

Agricultural Economics (AGRICECON)

Year of study

58

Number

9

State

Czech Republic

Pages from

389

Pages to

395

Pages count

6

URL

https://agricecon.agriculturejournals.cz/artkey/age-201309-0001_the-endogeneity-of-optimum-currency-area-criteria-in-the-context-of-financial-crisis-evidence-from-the-time-fr.php

BibTex

@article{BUT102571,
  author="Jitka {Dluhá} and Svatopluk {Kapounek}",
  title="The Endogeneity of Optimum Currency Area Criteria in the Context of Financial Crisis: Evidence from Time-Frequency Domain Analysis",
  journal="Agricultural Economics (AGRICECON)",
  year="2013",
  volume="58",
  number="9",
  pages="389--395",
  doi="10.17221/9/2013-AGRICECON",
  issn="0139-570X",
  url="https://agricecon.agriculturejournals.cz/artkey/age-201309-0001_the-endogeneity-of-optimum-currency-area-criteria-in-the-context-of-financial-crisis-evidence-from-the-time-fr.php"
}