PIIGS in and out of sync: the changing face of financial business cycle synchronization in Europe
We examine the average expansion and contraction magnitude and their average duration for the PIIGS, Portugal, Italy, Ireland, Greece and Spain. We then examine the synchronization of financial and economic variables, namely GDP, equity and housing prices and credit to GDP, between themselves in the...
| Main Authors: | , |
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| Format: | Article |
| Language: | English |
| Published: |
AIMS Press
2018-03-01
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| Series: | Quantitative Finance and Economics |
| Subjects: | |
| Online Access: | http://www.aimspress.com/article/10.3934/QFE.2018.1.261/fulltext.html |