Kronunionens återkomst : En empirisk undersökning av konjunkturscykler, arbetskraftsrörlighet och handelsintegration för att avgöra möjligheten att införa en gemensam valuta i Norden

This paper is an assessment of whether the Nordic countries constitute an optimum currency area (OCA) or not. Hodrick Prescott-­‐filtered data of real Gross Domestic Product (GDP) and rate of employment are used to investigate the similarity of business cycles between the target countries through a...

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Bibliographic Details
Main Authors: Waye, Benjamin, Hising, Jannike
Format: Bachelor Thesis
Language:Swedish
Published: Uppsala universitet, Nationalekonomiska institutionen 2013
Subjects:
Optimum Currency Areas
OCA
Nordic
Denmark
Finland
Iceland
Norway
Sweden
Trade
Labour Mobility
Business cycles
Optimala valuta områden
Norden
Danmark
Island
Norge
Sverige
Handel
Arbetskraftsmobilitet
Konjunkturcykler
Online Access:http://urn.kb.se/resolve?urn=urn:nbn:se:uu:diva-202420
Description
Summary:This paper is an assessment of whether the Nordic countries constitute an optimum currency area (OCA) or not. Hodrick Prescott-­‐filtered data of real Gross Domestic Product (GDP) and rate of employment are used to investigate the similarity of business cycles between the target countries through a series of correlation analysis with Sweden as the base reference country and also by using a linear regression model. Additionally there is an evaluation of trade volume and labour mobility between the countries. Our results indicate that Iceland had the least similar business cycles within the Nordic countries and that the area should therefore possibly comprise Denmark, Finland, Norway and Sweden.

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