A new look at economic convergence in Eu
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Bettina Becker; Stephen G. Hall
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Article
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2009
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John Wiley and Sons
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English
โ 538 KB
## Abstract We propose a common factor approach to analyse convergence, which we implement using principal components analysis. We show that this method provides a useful new way of approaching the convergence debate. We apply this technique to a data set of monthly exchange rates of the 12 member