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Business Cycles Synchronisation between the European Monetary Union and Poland

In: Poland and the Eurozone

Author

Listed:
  • George Filis
  • Steve Letza

Abstract

The recent experience in the European Monetary Union (EMU) with the debt crisis and its repercussions has revealed the fragility of the common currency area. Some argue that countries like Greece and Portugal should not have joined in the first place as their economies where not aligned with the European economies. Thus, one aspect of the debate on monetary union centres on the readiness of a country to join the EMU. One criterion that many bring forward as an indication of this readiness is the business cycle synchronisation between the country and the EU-wide cycle.

Suggested Citation

  • George Filis & Steve Letza, 2014. "Business Cycles Synchronisation between the European Monetary Union and Poland," Studies in Economic Transition, in: Jens Hölscher (ed.), Poland and the Eurozone, chapter 5, pages 61-77, Palgrave Macmillan.
    • Handle: RePEc:pal:stuchp:978-1-137-42641-3_5
    DOI: 10.1057/9781137426413_5
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    Citations

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    Cited by:

    1. Sabrina Bunyan & David Duffy & George Filis & Ishmael Tingbani, 2020. "Fiscal policy, government size and EMU business cycle synchronization," Scottish Journal of Political Economy, Scottish Economic Society, vol. 67(2), pages 201-222, May.
    2. Norman Gemmell & Richard Kneller & Danny McGowan & Ismael Sanz & José F. Sanz‐Sanz, 2018. "Corporate Taxation and Productivity Catch‐Up: Evidence from European Firms," Scandinavian Journal of Economics, Wiley Blackwell, vol. 120(2), pages 372-399, April.
    3. Petar Sorić & Ivana Lolić & Marija Logarušić, 2022. "Economic Sentiment and Aggregate Activity: A Tale of Two European Cycles," Journal of Common Market Studies, Wiley Blackwell, vol. 60(2), pages 445-462, March.
    4. Sylvia Gottschalk, 2023. "From Black Wednesday to Brexit: Macroeconomic shocks and correlations of equity returns in France, Germany, Italy, Spain, and the United Kingdom," International Journal of Finance & Economics, John Wiley & Sons, Ltd., vol. 28(3), pages 2843-2873, July.
    5. Dionysios Chionis & Fotios Mitropoulos & Antonios Sarantidis, 2021. "Business cycles and macroeconomic asymmetries: New evidence from Eurozone and European countries," International Journal of Finance & Economics, John Wiley & Sons, Ltd., vol. 26(4), pages 5977-5996, October.
    6. Anna Solms & Bernd Süssmuth, 2022. "Business cycle characteristics of Mediterranean economies: a secular trend and cycle dynamics perspective," International Economics and Economic Policy, Springer, vol. 19(4), pages 825-862, October.
    7. Gandjon Fankem, Gislain Stéphane & Fouda Mbesa, Lucien Cédric, 2023. "Business cycle synchronization and African monetary union: A wavelet analysis," Journal of Macroeconomics, Elsevier, vol. 77(C).
    8. Luisa Alamá-Sabater & Yolanda de Llanos & Miguel Ángel Márquez & Emili Tortosa-Ausina, 2023. "Evaluating the spatial mismatch between population and factor endowments: The case of the European Union," Working Papers 2023/06, Economics Department, Universitat Jaume I, Castellón (Spain).

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