Central banks influence economic debate through research and citations. This paper studies whether citation patterns reflect past colonial ties or present currency hierarchies. Using a bibliometric dataset of 334,750 economics…
monetary system
Policy Paper Series
Eurozone: Convergence or Divergence?
by
Tom Bugdalle and Moritz Pfeifer
by
Tom Bugdalle and Moritz Pfeifer
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We revisit the euro’s promise of convergence through a new Divergence Monitor tracking business and financial cycle synchronization since the 1980s. Business cycles became more aligned after 1999, but financial…
Philipp Bagus, a young Spanish scholar and one of the prize winners of the IREF Essay Contest, recently published a very interesting book on the European monetary system. Using the…

