id	sid	tid	token	lemma	pos
eistud-25803	1	1	european	european	ADJ
eistud-25803	1	2	integration	integration	NOUN
eistud-25803	1	3	studies	study	NOUN
eistud-25803	1	4	2008.indd	2008.indd	NUM
eistud-25803	1	5	108	108	NUM
eistud-25803	1	6	issn	issn	PROPN
eistud-25803	1	7	1822	1822	NUM
eistud-25803	1	8	-	-	SYM
eistud-25803	1	9	8402	8402	NUM
eistud-25803	1	10	european	european	ADJ
eistud-25803	1	11	integration	integration	NOUN
eistud-25803	1	12	studies	study	NOUN
eistud-25803	1	13	.	.	PUNCT
eistud-25803	2	1	2008	2008	NUM
eistud-25803	2	2	.	.	PUNCT
eistud-25803	3	1	no	no	DET
eistud-25803	3	2	2	2	NUM
eistud-25803	3	3	the	the	DET
eistud-25803	3	4	theoretical	theoretical	ADJ
eistud-25803	3	5	aspects	aspect	NOUN
eistud-25803	3	6	of	of	ADP
eistud-25803	3	7	the	the	DET
eistud-25803	3	8	common	common	ADJ
eistud-25803	3	9	currency	currency	NOUN
eistud-25803	3	10	adoption	adoption	NOUN
eistud-25803	3	11	in	in	ADP
eistud-25803	3	12	lithuania	lithuania	PROPN
eistud-25803	3	13	algis	algis	ADP
eistud-25803	3	14	junevi	junevi	PROPN
eistud-25803	3	15	ius	ius	PROPN
eistud-25803	3	16	egidijus	egidiju	VERB
eistud-25803	3	17	liutkus	liutkus	PROPN
eistud-25803	3	18	kaunas	kaunas	PROPN
eistud-25803	3	19	university	university	PROPN
eistud-25803	3	20	of	of	ADP
eistud-25803	3	21	technology	technology	PROPN
eistud-25803	3	22	institute	institute	PROPN
eistud-25803	3	23	of	of	ADP
eistud-25803	3	24	europe	europe	PROPN
eistud-25803	3	25	abstract	abstract	ADJ
eistud-25803	3	26	monetary	monetary	ADJ
eistud-25803	3	27	integration	integration	NOUN
eistud-25803	3	28	is	be	AUX
eistud-25803	3	29	a	a	DET
eistud-25803	3	30	key	key	ADJ
eistud-25803	3	31	prerequisite	prerequisite	NOUN
eistud-25803	3	32	for	for	ADP
eistud-25803	3	33	the	the	DET
eistud-25803	3	34	optimal	optimal	ADJ
eistud-25803	3	35	recourses	recourse	NOUN
eistud-25803	3	36	allocation	allocation	NOUN
eistud-25803	3	37	inside	inside	ADP
eistud-25803	3	38	the	the	DET
eistud-25803	3	39	economic	economic	ADJ
eistud-25803	3	40	union	union	PROPN
eistud-25803	3	41	.	.	PUNCT
eistud-25803	4	1	recent	recent	ADJ
eistud-25803	4	2	eu	eu	PROPN
eistud-25803	4	3	economic	economic	ADJ
eistud-25803	4	4	cycle	cycle	NOUN
eistud-25803	4	5	harmonization	harmonization	NOUN
eistud-25803	4	6	and	and	CCONJ
eistud-25803	4	7	interdependent	interdependent	ADJ
eistud-25803	4	8	trade	trade	NOUN
eistud-25803	4	9	tends	tend	VERB
eistud-25803	4	10	to	to	ADP
eistud-25803	4	11	monetary	monetary	ADJ
eistud-25803	4	12	integration	integration	NOUN
eistud-25803	4	13	and	and	CCONJ
eistud-25803	4	14	shows	show	VERB
eistud-25803	4	15	its	its	PRON
eistud-25803	4	16	real	real	ADJ
eistud-25803	4	17	benefi	benefi	NOUN
eistud-25803	4	18	t.	t.	PROPN
eistud-25803	4	19	in	in	ADP
eistud-25803	4	20	case	case	NOUN
eistud-25803	4	21	of	of	ADP
eistud-25803	4	22	the	the	DET
eistud-25803	4	23	common	common	ADJ
eistud-25803	4	24	currency	currency	NOUN
eistud-25803	4	25	adoption	adoption	NOUN
eistud-25803	4	26	lithuania	lithuania	PROPN
eistud-25803	4	27	has	have	VERB
eistud-25803	4	28	to	to	PART
eistud-25803	4	29	meet	meet	VERB
eistud-25803	4	30	maastricht	maastricht	PROPN
eistud-25803	4	31	criterion	criterion	NOUN
eistud-25803	4	32	and	and	CCONJ
eistud-25803	4	33	the	the	DET
eistud-25803	4	34	latter	latter	ADJ
eistud-25803	4	35	condition	condition	NOUN
eistud-25803	4	36	is	be	AUX
eistud-25803	4	37	core	core	ADJ
eistud-25803	4	38	.	.	PUNCT
eistud-25803	5	1	however	however	ADV
eistud-25803	5	2	in	in	ADP
eistud-25803	5	3	economic	economic	ADJ
eistud-25803	5	4	regard	regard	NOUN
eistud-25803	5	5	so	so	ADV
eistud-25803	5	6	called	call	VERB
eistud-25803	5	7	unoffi	unoffi	PROPN
eistud-25803	5	8	cial	cial	ADJ
eistud-25803	5	9	criterions	criterion	NOUN
eistud-25803	5	10	of	of	ADP
eistud-25803	5	11	real	real	ADJ
eistud-25803	5	12	convergence	convergence	NOUN
eistud-25803	5	13	are	be	AUX
eistud-25803	5	14	enough	enough	ADV
eistud-25803	5	15	weighty	weighty	ADJ
eistud-25803	5	16	.	.	PUNCT
eistud-25803	6	1	real	real	ADJ
eistud-25803	6	2	convergence	convergence	NOUN
eistud-25803	6	3	criterion	criterion	NOUN
eistud-25803	6	4	base	base	NOUN
eistud-25803	6	5	is	be	AUX
eistud-25803	6	6	the	the	DET
eistud-25803	6	7	optimum	optimum	ADJ
eistud-25803	6	8	currency	currency	NOUN
eistud-25803	6	9	area	area	NOUN
eistud-25803	6	10	(	(	PUNCT
eistud-25803	6	11	oca	oca	NOUN
eistud-25803	6	12	)	)	PUNCT
eistud-25803	6	13	theory	theory	NOUN
eistud-25803	6	14	.	.	PUNCT
eistud-25803	7	1	a	a	DET
eistud-25803	7	2	currency	currency	NOUN
eistud-25803	7	3	area	area	NOUN
eistud-25803	7	4	adopts	adopt	VERB
eistud-25803	7	5	a	a	DET
eistud-25803	7	6	single	single	ADJ
eistud-25803	7	7	currency	currency	NOUN
eistud-25803	7	8	within	within	ADP
eistud-25803	7	9	its	its	PRON
eistud-25803	7	10	area	area	NOUN
eistud-25803	7	11	and	and	CCONJ
eistud-25803	7	12	maintains	maintain	VERB
eistud-25803	7	13	a	a	DET
eistud-25803	7	14	fl	fl	NUM
eistud-25803	7	15	exible	exible	ADJ
eistud-25803	7	16	rate	rate	NOUN
eistud-25803	7	17	regime	regime	NOUN
eistud-25803	7	18	with	with	ADP
eistud-25803	7	19	the	the	DET
eistud-25803	7	20	rest	rest	NOUN
eistud-25803	7	21	of	of	ADP
eistud-25803	7	22	the	the	DET
eistud-25803	7	23	world	world	NOUN
eistud-25803	7	24	.	.	PUNCT
eistud-25803	8	1	an	an	DET
eistud-25803	8	2	oca	oca	NOUN
eistud-25803	8	3	theory	theory	NOUN
eistud-25803	8	4	has	have	AUX
eistud-25803	8	5	been	be	AUX
eistud-25803	8	6	implicitly	implicitly	ADV
eistud-25803	8	7	defi	defi	ADJ
eistud-25803	8	8	ned	ne	VERB
eistud-25803	8	9	by	by	ADP
eistud-25803	8	10	mundell	mundell	PROPN
eistud-25803	8	11	in	in	ADP
eistud-25803	8	12	1961	1961	NUM
eistud-25803	8	13	as	as	ADP
eistud-25803	8	14	a	a	DET
eistud-25803	8	15	currency	currency	NOUN
eistud-25803	8	16	area	area	NOUN
eistud-25803	8	17	for	for	ADP
eistud-25803	8	18	which	which	PRON
eistud-25803	8	19	the	the	DET
eistud-25803	8	20	costs	cost	NOUN
eistud-25803	8	21	of	of	ADP
eistud-25803	8	22	relinquishing	relinquish	VERB
eistud-25803	8	23	the	the	DET
eistud-25803	8	24	exchange	exchange	NOUN
eistud-25803	8	25	rate	rate	NOUN
eistud-25803	8	26	as	as	ADP
eistud-25803	8	27	an	an	DET
eistud-25803	8	28	internal	internal	ADJ
eistud-25803	8	29	instrument	instrument	NOUN
eistud-25803	8	30	of	of	ADP
eistud-25803	8	31	adjustment	adjustment	NOUN
eistud-25803	8	32	are	be	AUX
eistud-25803	8	33	outweighed	outweigh	VERB
eistud-25803	8	34	by	by	ADP
eistud-25803	8	35	the	the	DET
eistud-25803	8	36	benefi	benefi	PROPN
eistud-25803	8	37	ts	ts	ADP
eistud-25803	8	38	of	of	ADP
eistud-25803	8	39	adopting	adopt	VERB
eistud-25803	8	40	a	a	DET
eistud-25803	8	41	single	single	ADJ
eistud-25803	8	42	currency	currency	NOUN
eistud-25803	8	43	.	.	PUNCT
eistud-25803	9	1	specifi	specifi	PROPN
eistud-25803	9	2	cally	cally	ADV
eistud-25803	9	3	the	the	DET
eistud-25803	9	4	oca	oca	NOUN
eistud-25803	9	5	index	index	NOUN
eistud-25803	9	6	assesses	assess	VERB
eistud-25803	9	7	structural	structural	ADJ
eistud-25803	9	8	similarity	similarity	NOUN
eistud-25803	9	9	between	between	ADP
eistud-25803	9	10	investigative	investigative	ADJ
eistud-25803	9	11	country	country	NOUN
eistud-25803	9	12	economy	economy	NOUN
eistud-25803	9	13	and	and	CCONJ
eistud-25803	9	14	other	other	ADJ
eistud-25803	9	15	country	country	NOUN
eistud-25803	9	16	or	or	CCONJ
eistud-25803	9	17	region	region	NOUN
eistud-25803	9	18	.	.	PUNCT
eistud-25803	10	1	oca	oca	NOUN
eistud-25803	10	2	theory	theory	NOUN
eistud-25803	10	3	in	in	ADP
eistud-25803	10	4	general	general	ADJ
eistud-25803	10	5	focuses	focus	VERB
eistud-25803	10	6	on	on	ADP
eistud-25803	10	7	four	four	NUM
eistud-25803	10	8	interrelationships	interrelationship	NOUN
eistud-25803	10	9	between	between	ADP
eistud-25803	10	10	the	the	DET
eistud-25803	10	11	members	member	NOUN
eistud-25803	10	12	of	of	ADP
eistud-25803	10	13	a	a	DET
eistud-25803	10	14	potential	potential	ADJ
eistud-25803	10	15	oca	oca	NOUN
eistud-25803	10	16	:	:	PUNCT
eistud-25803	10	17	the	the	DET
eistud-25803	10	18	extent	extent	NOUN
eistud-25803	10	19	of	of	ADP
eistud-25803	10	20	trade	trade	NOUN
eistud-25803	10	21	,	,	PUNCT
eistud-25803	10	22	the	the	DET
eistud-25803	10	23	similarity	similarity	NOUN
eistud-25803	10	24	of	of	ADP
eistud-25803	10	25	the	the	DET
eistud-25803	10	26	shocks	shock	NOUN
eistud-25803	10	27	and	and	CCONJ
eistud-25803	10	28	cycles	cycle	NOUN
eistud-25803	10	29	,	,	PUNCT
eistud-25803	10	30	the	the	DET
eistud-25803	10	31	degree	degree	NOUN
eistud-25803	10	32	of	of	ADP
eistud-25803	10	33	labor	labor	NOUN
eistud-25803	10	34	mobility	mobility	NOUN
eistud-25803	10	35	and	and	CCONJ
eistud-25803	10	36	the	the	DET
eistud-25803	10	37	system	system	NOUN
eistud-25803	10	38	of	of	ADP
eistud-25803	10	39	risk	risk	NOUN
eistud-25803	10	40	-	-	PUNCT
eistud-25803	10	41	sharing	sharing	NOUN
eistud-25803	10	42	,	,	PUNCT
eistud-25803	10	43	usually	usually	ADV
eistud-25803	10	44	through	through	ADP
eistud-25803	10	45	fi	fi	NOUN
eistud-25803	10	46	scal	scal	ADJ
eistud-25803	10	47	transfers	transfer	NOUN
eistud-25803	10	48	.	.	PUNCT
eistud-25803	11	1	the	the	DET
eistud-25803	11	2	greater	great	ADJ
eistud-25803	11	3	any	any	PRON
eistud-25803	11	4	of	of	ADP
eistud-25803	11	5	the	the	DET
eistud-25803	11	6	four	four	NUM
eistud-25803	11	7	linkages	linkage	NOUN
eistud-25803	11	8	between	between	ADP
eistud-25803	11	9	the	the	DET
eistud-25803	11	10	euro	euro	NOUN
eistud-25803	11	11	zone	zone	NOUN
eistud-25803	11	12	and	and	CCONJ
eistud-25803	11	13	lithuania	lithuania	PROPN
eistud-25803	11	14	,	,	PUNCT
eistud-25803	11	15	the	the	DET
eistud-25803	11	16	more	more	ADV
eistud-25803	11	17	suitable	suitable	ADJ
eistud-25803	11	18	a	a	DET
eistud-25803	11	19	common	common	ADJ
eistud-25803	11	20	currency	currency	NOUN
eistud-25803	11	21	.	.	PUNCT
eistud-25803	12	1	alternative	alternative	ADJ
eistud-25803	12	2	tool	tool	NOUN
eistud-25803	12	3	providing	provide	VERB
eistud-25803	12	4	the	the	DET
eistud-25803	12	5	analysis	analysis	NOUN
eistud-25803	12	6	of	of	ADP
eistud-25803	12	7	real	real	ADJ
eistud-25803	12	8	convergence	convergence	NOUN
eistud-25803	12	9	is	be	AUX
eistud-25803	12	10	the	the	DET
eistud-25803	12	11	theil	theil	PROPN
eistud-25803	12	12	inequality	inequality	PROPN
eistud-25803	12	13	index	index	NOUN
eistud-25803	12	14	which	which	PRON
eistud-25803	12	15	enables	enable	VERB
eistud-25803	12	16	to	to	PART
eistud-25803	12	17	measure	measure	VERB
eistud-25803	12	18	the	the	DET
eistud-25803	12	19	degree	degree	NOUN
eistud-25803	12	20	to	to	PART
eistud-25803	12	21	which	which	DET
eistud-25803	12	22	country	country	NOUN
eistud-25803	12	23	’s	’s	PART
eistud-25803	12	24	macroeconomic	macroeconomic	ADJ
eistud-25803	12	25	element	element	NOUN
eistud-25803	12	26	(	(	PUNCT
eistud-25803	12	27	gdp	gdp	PROPN
eistud-25803	12	28	,	,	PUNCT
eistud-25803	12	29	infl	infl	PROPN
eistud-25803	12	30	ation	ation	PROPN
eistud-25803	12	31	,	,	PUNCT
eistud-25803	12	32	current	current	ADJ
eistud-25803	12	33	account	account	NOUN
eistud-25803	12	34	fl	fl	NUM
eistud-25803	12	35	uctuations	uctuation	NOUN
eistud-25803	12	36	and	and	CCONJ
eistud-25803	12	37	others	other	NOUN
eistud-25803	12	38	)	)	PUNCT
eistud-25803	12	39	differs	differ	VERB
eistud-25803	12	40	from	from	ADP
eistud-25803	12	41	another	another	DET
eistud-25803	12	42	country	country	NOUN
eistud-25803	12	43	.	.	PUNCT
eistud-25803	13	1	keywords	keyword	NOUN
eistud-25803	13	2	:	:	PUNCT
eistud-25803	13	3	optimum	optimum	ADJ
eistud-25803	13	4	currency	currency	NOUN
eistud-25803	13	5	area	area	NOUN
eistud-25803	13	6	theory	theory	NOUN
eistud-25803	13	7	;	;	PUNCT
eistud-25803	13	8	monetary	monetary	ADJ
eistud-25803	13	9	integration	integration	NOUN
eistud-25803	13	10	;	;	PUNCT
eistud-25803	13	11	common	common	ADJ
eistud-25803	13	12	currency	currency	NOUN
eistud-25803	13	13	adoption	adoption	NOUN
eistud-25803	13	14	;	;	PUNCT
eistud-25803	13	15	theil	theil	PROPN
eistud-25803	13	16	inequality	inequality	PROPN
eistud-25803	13	17	index	index	PROPN
eistud-25803	13	18	;	;	PUNCT
eistud-25803	13	19	structural	structural	ADJ
eistud-25803	13	20	economic	economic	ADJ
eistud-25803	13	21	similarity	similarity	NOUN
eistud-25803	13	22	;	;	PUNCT
eistud-25803	13	23	real	real	ADJ
eistud-25803	13	24	convergence	convergence	NOUN
eistud-25803	13	25	.	.	PUNCT
eistud-25803	14	1	introduction	introduction	NOUN
eistud-25803	14	2	traditionally	traditionally	ADV
eistud-25803	14	3	,	,	PUNCT
eistud-25803	14	4	the	the	DET
eistud-25803	14	5	theoretical	theoretical	ADJ
eistud-25803	14	6	literature	literature	NOUN
eistud-25803	14	7	on	on	ADP
eistud-25803	14	8	monetary	monetary	ADJ
eistud-25803	14	9	integration	integration	NOUN
eistud-25803	14	10	has	have	AUX
eistud-25803	14	11	been	be	AUX
eistud-25803	14	12	dominated	dominate	VERB
eistud-25803	14	13	by	by	ADP
eistud-25803	14	14	the	the	DET
eistud-25803	14	15	theory	theory	NOUN
eistud-25803	14	16	of	of	ADP
eistud-25803	14	17	optimum	optimum	ADJ
eistud-25803	14	18	currency	currency	NOUN
eistud-25803	14	19	areas	area	NOUN
eistud-25803	14	20	.	.	PUNCT
eistud-25803	15	1	academic	academic	ADJ
eistud-25803	15	2	and	and	CCONJ
eistud-25803	15	3	political	political	ADJ
eistud-25803	15	4	interest	interest	NOUN
eistud-25803	15	5	in	in	ADP
eistud-25803	15	6	monetary	monetary	ADJ
eistud-25803	15	7	integration	integration	NOUN
eistud-25803	15	8	has	have	AUX
eistud-25803	15	9	existed	exist	VERB
eistud-25803	15	10	ever	ever	ADV
eistud-25803	15	11	since	since	SCONJ
eistud-25803	15	12	mundell	mundell	PROPN
eistud-25803	15	13	’s	’s	PART
eistud-25803	15	14	(	(	PUNCT
eistud-25803	15	15	1961	1961	NUM
eistud-25803	15	16	)	)	PUNCT
eistud-25803	15	17	famous	famous	ADJ
eistud-25803	15	18	study	study	NOUN
eistud-25803	15	19	pointed	point	VERB
eistud-25803	15	20	to	to	ADP
eistud-25803	15	21	a	a	DET
eistud-25803	15	22	serious	serious	ADJ
eistud-25803	15	23	omission	omission	NOUN
eistud-25803	15	24	in	in	ADP
eistud-25803	15	25	existing	exist	VERB
eistud-25803	15	26	exchange	exchange	NOUN
eistud-25803	15	27	rate	rate	NOUN
eistud-25803	15	28	theory	theory	NOUN
eistud-25803	15	29	that	that	PRON
eistud-25803	15	30	was	be	AUX
eistud-25803	15	31	the	the	DET
eistud-25803	15	32	basis	basis	NOUN
eistud-25803	15	33	of	of	ADP
eistud-25803	15	34	friedman	friedman	PROPN
eistud-25803	15	35	’s	’s	PART
eistud-25803	15	36	(	(	PUNCT
eistud-25803	15	37	1953	1953	NUM
eistud-25803	15	38	)	)	PUNCT
eistud-25803	15	39	infl	infl	PROPN
eistud-25803	15	40	uential	uential	ADJ
eistud-25803	15	41	“	"	PUNCT
eistud-25803	15	42	case	case	NOUN
eistud-25803	15	43	for	for	ADP
eistud-25803	15	44	flexible	flexible	ADJ
eistud-25803	15	45	exchange	exchange	NOUN
eistud-25803	15	46	rates	rate	NOUN
eistud-25803	15	47	”	"	PUNCT
eistud-25803	15	48	.	.	PUNCT
eistud-25803	16	1	the	the	DET
eistud-25803	16	2	omission	omission	NOUN
eistud-25803	16	3	involved	involve	VERB
eistud-25803	16	4	the	the	DET
eistud-25803	16	5	failure	failure	NOUN
eistud-25803	16	6	to	to	PART
eistud-25803	16	7	develop	develop	VERB
eistud-25803	16	8	criteria	criterion	NOUN
eistud-25803	16	9	for	for	ADP
eistud-25803	16	10	the	the	DET
eistud-25803	16	11	choice	choice	NOUN
eistud-25803	16	12	of	of	ADP
eistud-25803	16	13	geographically	geographically	ADV
eistud-25803	16	14	defi	defi	NOUN
eistud-25803	16	15	ned	ned	ADJ
eistud-25803	16	16	areas	area	NOUN
eistud-25803	16	17	that	that	PRON
eistud-25803	16	18	benefi	benefi	PROPN
eistud-25803	16	19	t	t	PROPN
eistud-25803	16	20	from	from	ADP
eistud-25803	16	21	the	the	DET
eistud-25803	16	22	adoption	adoption	NOUN
eistud-25803	16	23	of	of	ADP
eistud-25803	16	24	their	their	PRON
eistud-25803	16	25	own	own	ADJ
eistud-25803	16	26	monetary	monetary	ADJ
eistud-25803	16	27	regimes	regime	NOUN
eistud-25803	16	28	while	while	SCONJ
eistud-25803	16	29	they	they	PRON
eistud-25803	16	30	let	let	VERB
eistud-25803	16	31	their	their	PRON
eistud-25803	16	32	exchange	exchange	NOUN
eistud-25803	16	33	rates	rate	NOUN
eistud-25803	16	34	fl	fl	PRON
eistud-25803	16	35	oat	oat	NOUN
eistud-25803	16	36	(	(	PUNCT
eistud-25803	16	37	grubel	grubel	NOUN
eistud-25803	16	38	2006	2006	NUM
eistud-25803	16	39	)	)	PUNCT
eistud-25803	16	40	.	.	PUNCT
eistud-25803	17	1	mundell	mundell	PROPN
eistud-25803	17	2	accompanied	accompany	VERB
eistud-25803	17	3	his	his	PRON
eistud-25803	17	4	critical	critical	ADJ
eistud-25803	17	5	analysis	analysis	NOUN
eistud-25803	17	6	by	by	ADP
eistud-25803	17	7	the	the	DET
eistud-25803	17	8	introduction	introduction	NOUN
eistud-25803	17	9	of	of	ADP
eistud-25803	17	10	the	the	DET
eistud-25803	17	11	idea	idea	NOUN
eistud-25803	17	12	that	that	SCONJ
eistud-25803	17	13	the	the	DET
eistud-25803	17	14	proper	proper	ADJ
eistud-25803	17	15	size	size	NOUN
eistud-25803	17	16	of	of	ADP
eistud-25803	17	17	any	any	DET
eistud-25803	17	18	area	area	NOUN
eistud-25803	17	19	operating	operate	VERB
eistud-25803	17	20	its	its	PRON
eistud-25803	17	21	own	own	ADJ
eistud-25803	17	22	monetary	monetary	ADJ
eistud-25803	17	23	regime	regime	NOUN
eistud-25803	17	24	is	be	AUX
eistud-25803	17	25	one	one	NUM
eistud-25803	17	26	that	that	PRON
eistud-25803	17	27	meets	meet	VERB
eistud-25803	17	28	what	what	PRON
eistud-25803	17	29	he	he	PRON
eistud-25803	17	30	called	call	VERB
eistud-25803	17	31	the	the	DET
eistud-25803	17	32	criteria	criterion	NOUN
eistud-25803	17	33	of	of	ADP
eistud-25803	17	34	an	an	DET
eistud-25803	17	35	“	"	PUNCT
eistud-25803	17	36	optimum	optimum	ADJ
eistud-25803	17	37	currency	currency	NOUN
eistud-25803	17	38	area	area	NOUN
eistud-25803	17	39	”	"	PUNCT
eistud-25803	17	40	.	.	PUNCT
eistud-25803	18	1	his	his	PRON
eistud-25803	18	2	specifi	specifi	PROPN
eistud-25803	18	3	cation	cation	NOUN
eistud-25803	18	4	of	of	ADP
eistud-25803	18	5	these	these	DET
eistud-25803	18	6	criteria	criterion	NOUN
eistud-25803	18	7	was	be	AUX
eistud-25803	18	8	suffi	suffi	VERB
eistud-25803	18	9	ciently	ciently	ADV
eistud-25803	18	10	suggestive	suggestive	ADJ
eistud-25803	18	11	and	and	CCONJ
eistud-25803	18	12	at	at	ADP
eistud-25803	18	13	the	the	DET
eistud-25803	18	14	same	same	ADJ
eistud-25803	18	15	time	time	NOUN
eistud-25803	18	16	ambiguous	ambiguous	ADJ
eistud-25803	18	17	to	to	PART
eistud-25803	18	18	stimulate	stimulate	VERB
eistud-25803	18	19	much	much	ADJ
eistud-25803	18	20	future	future	ADJ
eistud-25803	18	21	research	research	NOUN
eistud-25803	18	22	aimed	aim	VERB
eistud-25803	18	23	at	at	ADP
eistud-25803	18	24	clarifying	clarify	VERB
eistud-25803	18	25	them	they	PRON
eistud-25803	18	26	.	.	PUNCT
eistud-25803	19	1	later	later	ADV
eistud-25803	19	2	some	some	PRON
eistud-25803	19	3	of	of	ADP
eistud-25803	19	4	the	the	DET
eistud-25803	19	5	author	author	NOUN
eistud-25803	19	6	’s	’s	PART
eistud-25803	19	7	were	be	AUX
eistud-25803	19	8	used	use	VERB
eistud-25803	19	9	these	these	DET
eistud-25803	19	10	criteria	criterion	NOUN
eistud-25803	19	11	in	in	ADP
eistud-25803	19	12	empirical	empirical	ADJ
eistud-25803	19	13	tests	test	NOUN
eistud-25803	19	14	for	for	ADP
eistud-25803	19	15	optimality	optimality	NOUN
eistud-25803	19	16	.	.	PUNCT
eistud-25803	20	1	the	the	DET
eistud-25803	20	2	optimum	optimum	ADJ
eistud-25803	20	3	currency	currency	NOUN
eistud-25803	20	4	area	area	NOUN
eistud-25803	20	5	literature	literature	PROPN
eistud-25803	20	6	initially	initially	ADV
eistud-25803	20	7	during	during	ADP
eistud-25803	20	8	the	the	DET
eistud-25803	20	9	1960s	1960	NOUN
eistud-25803	20	10	was	be	AUX
eistud-25803	20	11	mainly	mainly	ADV
eistud-25803	20	12	theoretical	theoretical	ADJ
eistud-25803	20	13	and	and	CCONJ
eistud-25803	20	14	often	often	ADV
eistud-25803	20	15	dealt	deal	VERB
eistud-25803	20	16	with	with	ADP
eistud-25803	20	17	problems	problem	NOUN
eistud-25803	20	18	raised	raise	VERB
eistud-25803	20	19	within	within	ADP
eistud-25803	20	20	the	the	DET
eistud-25803	20	21	context	context	NOUN
eistud-25803	20	22	of	of	ADP
eistud-25803	20	23	the	the	DET
eistud-25803	20	24	then	then	ADV
eistud-25803	20	25	predominant	predominant	ADJ
eistud-25803	20	26	keynesian	keynesian	ADJ
eistud-25803	20	27	economic	economic	ADJ
eistud-25803	20	28	paradigm	paradigm	NOUN
eistud-25803	20	29	.	.	PUNCT
eistud-25803	21	1	later	later	ADJ
eistud-25803	21	2	studies	study	NOUN
eistud-25803	21	3	became	become	VERB
eistud-25803	21	4	more	more	ADV
eistud-25803	21	5	numerous	numerous	ADJ
eistud-25803	21	6	and	and	CCONJ
eistud-25803	21	7	empirical	empirical	ADJ
eistud-25803	21	8	with	with	ADP
eistud-25803	21	9	the	the	DET
eistud-25803	21	10	development	development	NOUN
eistud-25803	21	11	of	of	ADP
eistud-25803	21	12	plans	plan	NOUN
eistud-25803	21	13	for	for	ADP
eistud-25803	21	14	the	the	DET
eistud-25803	21	15	creation	creation	NOUN
eistud-25803	21	16	of	of	ADP
eistud-25803	21	17	a	a	DET
eistud-25803	21	18	european	european	ADJ
eistud-25803	21	19	monetary	monetary	ADJ
eistud-25803	21	20	union	union	PROPN
eistud-25803	21	21	.	.	PUNCT
eistud-25803	22	1	most	most	ADJ
eistud-25803	22	2	of	of	ADP
eistud-25803	22	3	the	the	DET
eistud-25803	22	4	subsequent	subsequent	ADJ
eistud-25803	22	5	literature	literature	NOUN
eistud-25803	22	6	on	on	ADP
eistud-25803	22	7	adopting	adopt	VERB
eistud-25803	22	8	the	the	DET
eistud-25803	22	9	common	common	ADJ
eistud-25803	22	10	currency	currency	NOUN
eistud-25803	22	11	was	be	AUX
eistud-25803	22	12	extensively	extensively	ADV
eistud-25803	22	13	analyzed	analyze	VERB
eistud-25803	22	14	by	by	ADP
eistud-25803	22	15	bofi	bofi	ADJ
eistud-25803	22	16	nger	nger	ADJ
eistud-25803	22	17	(	(	PUNCT
eistud-25803	22	18	1992	1992	NUM
eistud-25803	22	19	)	)	PUNCT
eistud-25803	22	20	,	,	PUNCT
eistud-25803	22	21	de	de	X
eistud-25803	22	22	grauwe	grauwe	PROPN
eistud-25803	22	23	(	(	PUNCT
eistud-25803	22	24	1992	1992	NUM
eistud-25803	22	25	and	and	CCONJ
eistud-25803	22	26	2007	2007	NUM
eistud-25803	22	27	)	)	PUNCT
eistud-25803	22	28	,	,	PUNCT
eistud-25803	22	29	ishiyama	ishiyama	NOUN
eistud-25803	22	30	(	(	PUNCT
eistud-25803	22	31	1975	1975	NUM
eistud-25803	22	32	)	)	PUNCT
eistud-25803	22	33	,	,	PUNCT
eistud-25803	22	34	kugman	kugman	NOUN
eistud-25803	22	35	(	(	PUNCT
eistud-25803	22	36	1992	1992	NUM
eistud-25803	22	37	)	)	PUNCT
eistud-25803	22	38	,	,	PUNCT
eistud-25803	22	39	mason	mason	PROPN
eistud-25803	22	40	and	and	CCONJ
eistud-25803	22	41	taylor	taylor	PROPN
eistud-25803	22	42	(	(	PUNCT
eistud-25803	22	43	1992	1992	NUM
eistud-25803	22	44	)	)	PUNCT
eistud-25803	22	45	,	,	PUNCT
eistud-25803	22	46	tavlas	tavla	NOUN
eistud-25803	22	47	(	(	PUNCT
eistud-25803	22	48	1993	1993	NUM
eistud-25803	22	49	,	,	PUNCT
eistud-25803	22	50	1994	1994	NUM
eistud-25803	22	51	)	)	PUNCT
eistud-25803	22	52	,	,	PUNCT
eistud-25803	22	53	tower	tower	NOUN
eistud-25803	22	54	and	and	CCONJ
eistud-25803	22	55	willet	willet	PROPN
eistud-25803	22	56	(	(	PUNCT
eistud-25803	22	57	1976	1976	NUM
eistud-25803	22	58	)	)	PUNCT
eistud-25803	22	59	,	,	PUNCT
eistud-25803	22	60	horvath	horvath	PROPN
eistud-25803	22	61	and	and	CCONJ
eistud-25803	22	62	komarek	komarek	PROPN
eistud-25803	22	63	(	(	PUNCT
eistud-25803	22	64	2002	2002	NUM
eistud-25803	22	65	and	and	CCONJ
eistud-25803	22	66	2003	2003	NUM
eistud-25803	22	67	)	)	PUNCT
eistud-25803	22	68	.	.	PUNCT
eistud-25803	23	1	109	109	NUM
eistud-25803	23	2	issn	issn	PROPN
eistud-25803	23	3	1822	1822	NUM
eistud-25803	23	4	-	-	SYM
eistud-25803	23	5	8402	8402	NUM
eistud-25803	23	6	european	european	ADJ
eistud-25803	23	7	integration	integration	NOUN
eistud-25803	23	8	studies	study	NOUN
eistud-25803	23	9	.	.	PUNCT
eistud-25803	23	10	2008	2008	NUM
eistud-25803	23	11	.	.	PUNCT
eistud-25803	24	1	no	no	DET
eistud-25803	24	2	2	2	NUM
eistud-25803	24	3	the	the	DET
eistud-25803	24	4	novelty	novelty	NOUN
eistud-25803	24	5	and	and	CCONJ
eistud-25803	24	6	scientifi	scientifi	PROPN
eistud-25803	24	7	c	c	PROPN
eistud-25803	24	8	problem	problem	NOUN
eistud-25803	24	9	is	be	AUX
eistud-25803	24	10	the	the	DET
eistud-25803	24	11	lack	lack	NOUN
eistud-25803	24	12	of	of	ADP
eistud-25803	24	13	attempts	attempt	NOUN
eistud-25803	24	14	to	to	PART
eistud-25803	24	15	model	model	VERB
eistud-25803	24	16	a	a	DET
eistud-25803	24	17	comprehensive	comprehensive	ADJ
eistud-25803	24	18	and	and	CCONJ
eistud-25803	24	19	integrated	integrated	ADJ
eistud-25803	24	20	analysis	analysis	NOUN
eistud-25803	24	21	of	of	ADP
eistud-25803	24	22	the	the	DET
eistud-25803	24	23	various	various	ADJ
eistud-25803	24	24	aspects	aspect	NOUN
eistud-25803	24	25	involved	involve	VERB
eistud-25803	24	26	in	in	ADP
eistud-25803	24	27	adopting	adopt	VERB
eistud-25803	24	28	the	the	DET
eistud-25803	24	29	common	common	ADJ
eistud-25803	24	30	currency	currency	NOUN
eistud-25803	24	31	in	in	ADP
eistud-25803	24	32	the	the	DET
eistud-25803	24	33	country	country	NOUN
eistud-25803	24	34	.	.	PUNCT
eistud-25803	25	1	in	in	ADP
eistud-25803	25	2	spite	spite	NOUN
eistud-25803	25	3	of	of	ADP
eistud-25803	25	4	the	the	DET
eistud-25803	25	5	political	political	ADJ
eistud-25803	25	6	and	and	CCONJ
eistud-25803	25	7	economic	economic	ADJ
eistud-25803	25	8	importance	importance	NOUN
eistud-25803	25	9	of	of	ADP
eistud-25803	25	10	this	this	DET
eistud-25803	25	11	issue	issue	NOUN
eistud-25803	25	12	very	very	ADV
eistud-25803	25	13	little	little	ADJ
eistud-25803	25	14	effort	effort	NOUN
eistud-25803	25	15	has	have	AUX
eistud-25803	25	16	been	be	AUX
eistud-25803	25	17	devoted	devote	VERB
eistud-25803	25	18	to	to	PART
eistud-25803	25	19	formalize	formalize	VERB
eistud-25803	25	20	an	an	DET
eistud-25803	25	21	integrated	integrated	ADJ
eistud-25803	25	22	view	view	NOUN
eistud-25803	25	23	of	of	ADP
eistud-25803	25	24	this	this	DET
eistud-25803	25	25	subject	subject	NOUN
eistud-25803	25	26	.	.	PUNCT
eistud-25803	26	1	a	a	DET
eistud-25803	26	2	multifunctional	multifunctional	ADJ
eistud-25803	26	3	practical	practical	ADJ
eistud-25803	26	4	model	model	NOUN
eistud-25803	26	5	involving	involve	VERB
eistud-25803	26	6	oca	oca	NOUN
eistud-25803	26	7	and	and	CCONJ
eistud-25803	26	8	theil	theil	PROPN
eistud-25803	26	9	indexes	index	NOUN
eistud-25803	26	10	permit	permit	NOUN
eistud-25803	26	11	to	to	PART
eistud-25803	26	12	assess	assess	VERB
eistud-25803	26	13	not	not	PART
eistud-25803	26	14	only	only	ADV
eistud-25803	26	15	preparation	preparation	NOUN
eistud-25803	26	16	of	of	ADP
eistud-25803	26	17	lithuania	lithuania	PROPN
eistud-25803	26	18	to	to	PART
eistud-25803	26	19	join	join	VERB
eistud-25803	26	20	euro	euro	NOUN
eistud-25803	26	21	zone	zone	NOUN
eistud-25803	26	22	but	but	CCONJ
eistud-25803	26	23	also	also	ADV
eistud-25803	26	24	it	it	PRON
eistud-25803	26	25	enables	enable	VERB
eistud-25803	26	26	to	to	PART
eistud-25803	26	27	measure	measure	VERB
eistud-25803	26	28	the	the	DET
eistud-25803	26	29	costs	cost	NOUN
eistud-25803	26	30	and	and	CCONJ
eistud-25803	26	31	benefi	benefi	NOUN
eistud-25803	26	32	ts	ts	ADP
eistud-25803	26	33	of	of	ADP
eistud-25803	26	34	this	this	DET
eistud-25803	26	35	process	process	NOUN
eistud-25803	26	36	.	.	PUNCT
eistud-25803	27	1	in	in	ADP
eistud-25803	27	2	that	that	DET
eistud-25803	27	3	case	case	NOUN
eistud-25803	27	4	this	this	PRON
eistud-25803	27	5	would	would	AUX
eistud-25803	27	6	help	help	VERB
eistud-25803	27	7	to	to	PART
eistud-25803	27	8	highlight	highlight	VERB
eistud-25803	27	9	the	the	DET
eistud-25803	27	10	real	real	ADJ
eistud-25803	27	11	convergence	convergence	NOUN
eistud-25803	27	12	criteria	criterion	NOUN
eistud-25803	27	13	.	.	PUNCT
eistud-25803	28	1	the	the	DET
eistud-25803	28	2	lack	lack	NOUN
eistud-25803	28	3	of	of	ADP
eistud-25803	28	4	data	data	NOUN
eistud-25803	28	5	is	be	AUX
eistud-25803	28	6	the	the	DET
eistud-25803	28	7	key	key	ADJ
eistud-25803	28	8	problem	problem	NOUN
eistud-25803	28	9	to	to	PART
eistud-25803	28	10	make	make	VERB
eistud-25803	28	11	the	the	DET
eistud-25803	28	12	right	right	ADJ
eistud-25803	28	13	econometric	econometric	ADJ
eistud-25803	28	14	analysis	analysis	NOUN
eistud-25803	28	15	of	of	ADP
eistud-25803	28	16	development	development	NOUN
eistud-25803	28	17	of	of	ADP
eistud-25803	28	18	lithuanian	lithuanian	ADJ
eistud-25803	28	19	economy	economy	NOUN
eistud-25803	28	20	.	.	PUNCT
eistud-25803	29	1	so	so	ADV
eistud-25803	29	2	far	far	ADV
eistud-25803	29	3	there	there	PRON
eistud-25803	29	4	were	be	VERB
eistud-25803	29	5	no	no	DET
eistud-25803	29	6	studies	study	NOUN
eistud-25803	29	7	which	which	PRON
eistud-25803	29	8	provide	provide	VERB
eistud-25803	29	9	recommendations	recommendation	NOUN
eistud-25803	29	10	for	for	SCONJ
eistud-25803	29	11	eu	eu	PROPN
eistud-25803	29	12	politicians	politician	NOUN
eistud-25803	29	13	to	to	PART
eistud-25803	29	14	evaluate	evaluate	VERB
eistud-25803	29	15	the	the	DET
eistud-25803	29	16	preparation	preparation	NOUN
eistud-25803	29	17	of	of	ADP
eistud-25803	29	18	european	european	PROPN
eistud-25803	29	19	monetary	monetary	PROPN
eistud-25803	29	20	union	union	PROPN
eistud-25803	29	21	candidates	candidate	NOUN
eistud-25803	29	22	.	.	PUNCT
eistud-25803	30	1	the	the	DET
eistud-25803	30	2	aim	aim	NOUN
eistud-25803	30	3	of	of	ADP
eistud-25803	30	4	the	the	DET
eistud-25803	30	5	article	article	NOUN
eistud-25803	30	6	is	be	AUX
eistud-25803	30	7	to	to	PART
eistud-25803	30	8	highlight	highlight	VERB
eistud-25803	30	9	the	the	DET
eistud-25803	30	10	theoretical	theoretical	ADJ
eistud-25803	30	11	aspects	aspect	NOUN
eistud-25803	30	12	of	of	ADP
eistud-25803	30	13	the	the	DET
eistud-25803	30	14	common	common	ADJ
eistud-25803	30	15	currency	currency	NOUN
eistud-25803	30	16	adoption	adoption	NOUN
eistud-25803	30	17	in	in	ADP
eistud-25803	30	18	lithuania	lithuania	PROPN
eistud-25803	30	19	.	.	PUNCT
eistud-25803	31	1	several	several	ADJ
eistud-25803	31	2	tasks	task	NOUN
eistud-25803	31	3	are	be	AUX
eistud-25803	31	4	to	to	PART
eistud-25803	31	5	be	be	AUX
eistud-25803	31	6	solved	solve	VERB
eistud-25803	31	7	to	to	PART
eistud-25803	31	8	achieve	achieve	VERB
eistud-25803	31	9	the	the	DET
eistud-25803	31	10	aim	aim	NOUN
eistud-25803	31	11	of	of	ADP
eistud-25803	31	12	this	this	DET
eistud-25803	31	13	article	article	NOUN
eistud-25803	31	14	:	:	PUNCT
eistud-25803	31	15	to	to	PART
eistud-25803	31	16	analyze	analyze	VERB
eistud-25803	31	17	the	the	DET
eistud-25803	31	18	theoretical	theoretical	ADJ
eistud-25803	31	19	assumptions	assumption	NOUN
eistud-25803	31	20	of	of	ADP
eistud-25803	31	21	the	the	DET
eistud-25803	31	22	•	•	ADJ
eistud-25803	31	23	common	common	ADJ
eistud-25803	31	24	currency	currency	NOUN
eistud-25803	31	25	adoption	adoption	NOUN
eistud-25803	31	26	;	;	PUNCT
eistud-25803	31	27	to	to	PART
eistud-25803	31	28	consider	consider	VERB
eistud-25803	31	29	the	the	DET
eistud-25803	31	30	optimum	optimum	ADJ
eistud-25803	31	31	currency	currency	NOUN
eistud-25803	31	32	area	area	NOUN
eistud-25803	31	33	•	•	NOUN
eistud-25803	31	34	theory	theory	NOUN
eistud-25803	31	35	;	;	PUNCT
eistud-25803	31	36	to	to	PART
eistud-25803	31	37	highlight	highlight	VERB
eistud-25803	31	38	the	the	DET
eistud-25803	31	39	most	most	ADV
eistud-25803	31	40	important	important	ADJ
eistud-25803	31	41	functioning	function	VERB
eistud-25803	31	42	•	•	NUM
eistud-25803	31	43	criteria	criterion	NOUN
eistud-25803	31	44	of	of	ADP
eistud-25803	31	45	the	the	DET
eistud-25803	31	46	optimum	optimum	ADJ
eistud-25803	31	47	currency	currency	NOUN
eistud-25803	31	48	area	area	NOUN
eistud-25803	31	49	.	.	PUNCT
eistud-25803	32	1	the	the	DET
eistud-25803	32	2	object	object	NOUN
eistud-25803	32	3	of	of	ADP
eistud-25803	32	4	the	the	DET
eistud-25803	32	5	article	article	NOUN
eistud-25803	32	6	is	be	AUX
eistud-25803	32	7	a	a	DET
eistud-25803	32	8	real	real	ADJ
eistud-25803	32	9	convergence	convergence	NOUN
eistud-25803	32	10	criterion	criterion	NOUN
eistud-25803	32	11	.	.	PUNCT
eistud-25803	33	1	the	the	DET
eistud-25803	33	2	main	main	ADJ
eistud-25803	33	3	research	research	NOUN
eistud-25803	33	4	method	method	NOUN
eistud-25803	33	5	was	be	AUX
eistud-25803	33	6	theoretical	theoretical	ADJ
eistud-25803	33	7	analysis	analysis	NOUN
eistud-25803	33	8	of	of	ADP
eistud-25803	33	9	the	the	DET
eistud-25803	33	10	scientifi	scientifi	NOUN
eistud-25803	33	11	c	c	PROPN
eistud-25803	33	12	works	work	VERB
eistud-25803	33	13	in	in	ADP
eistud-25803	33	14	the	the	DET
eistud-25803	33	15	fi	fi	NOUN
eistud-25803	33	16	eld	eld	NOUN
eistud-25803	33	17	of	of	ADP
eistud-25803	33	18	monetary	monetary	ADJ
eistud-25803	33	19	integration	integration	NOUN
eistud-25803	33	20	.	.	PUNCT
eistud-25803	34	1	the	the	DET
eistud-25803	34	2	theoretical	theoretical	ADJ
eistud-25803	34	3	assumptions	assumption	NOUN
eistud-25803	34	4	of	of	ADP
eistud-25803	34	5	the	the	DET
eistud-25803	34	6	common	common	ADJ
eistud-25803	34	7	currency	currency	NOUN
eistud-25803	34	8	adoption	adoption	NOUN
eistud-25803	34	9	countries	country	NOUN
eistud-25803	34	10	that	that	PRON
eistud-25803	34	11	are	be	AUX
eistud-25803	34	12	highly	highly	ADV
eistud-25803	34	13	integrated	integrate	VERB
eistud-25803	34	14	with	with	ADP
eistud-25803	34	15	each	each	DET
eistud-25803	34	16	other	other	ADJ
eistud-25803	34	17	,	,	PUNCT
eistud-25803	34	18	with	with	ADP
eistud-25803	34	19	respect	respect	NOUN
eistud-25803	34	20	to	to	ADP
eistud-25803	34	21	trade	trade	NOUN
eistud-25803	34	22	and	and	CCONJ
eistud-25803	34	23	other	other	ADJ
eistud-25803	34	24	economic	economic	ADJ
eistud-25803	34	25	relationships	relationship	NOUN
eistud-25803	34	26	,	,	PUNCT
eistud-25803	34	27	are	be	AUX
eistud-25803	34	28	more	more	ADV
eistud-25803	34	29	likely	likely	ADJ
eistud-25803	34	30	to	to	PART
eistud-25803	34	31	constitute	constitute	VERB
eistud-25803	34	32	an	an	DET
eistud-25803	34	33	optimum	optimum	ADJ
eistud-25803	34	34	currency	currency	NOUN
eistud-25803	34	35	area	area	NOUN
eistud-25803	34	36	(	(	PUNCT
eistud-25803	34	37	frankel	frankel	NOUN
eistud-25803	34	38	and	and	CCONJ
eistud-25803	34	39	rose	rise	VERB
eistud-25803	34	40	1997	1997	NUM
eistud-25803	34	41	)	)	PUNCT
eistud-25803	34	42	.	.	PUNCT
eistud-25803	35	1	an	an	DET
eistud-25803	35	2	optimum	optimum	ADJ
eistud-25803	35	3	currency	currency	NOUN
eistud-25803	35	4	area	area	NOUN
eistud-25803	35	5	is	be	AUX
eistud-25803	35	6	a	a	DET
eistud-25803	35	7	region	region	NOUN
eistud-25803	35	8	for	for	ADP
eistud-25803	35	9	which	which	PRON
eistud-25803	35	10	it	it	PRON
eistud-25803	35	11	is	be	AUX
eistud-25803	35	12	optimal	optimal	ADJ
eistud-25803	35	13	to	to	PART
eistud-25803	35	14	have	have	VERB
eistud-25803	35	15	its	its	PRON
eistud-25803	35	16	own	own	ADJ
eistud-25803	35	17	currency	currency	NOUN
eistud-25803	35	18	and	and	CCONJ
eistud-25803	35	19	its	its	PRON
eistud-25803	35	20	own	own	ADJ
eistud-25803	35	21	monetary	monetary	ADJ
eistud-25803	35	22	policy	policy	NOUN
eistud-25803	35	23	.	.	PUNCT
eistud-25803	36	1	this	this	DET
eistud-25803	36	2	defi	defi	PROPN
eistud-25803	36	3	nition	nition	NOUN
eistud-25803	36	4	can	can	AUX
eistud-25803	36	5	be	be	AUX
eistud-25803	36	6	given	give	VERB
eistud-25803	36	7	some	some	DET
eistud-25803	36	8	more	more	ADJ
eistud-25803	36	9	content	content	NOUN
eistud-25803	36	10	by	by	ADP
eistud-25803	36	11	assuming	assume	VERB
eistud-25803	36	12	that	that	SCONJ
eistud-25803	36	13	smaller	small	ADJ
eistud-25803	36	14	units	unit	NOUN
eistud-25803	36	15	tend	tend	VERB
eistud-25803	36	16	to	to	PART
eistud-25803	36	17	be	be	AUX
eistud-25803	36	18	more	more	ADV
eistud-25803	36	19	open	open	ADJ
eistud-25803	36	20	and	and	CCONJ
eistud-25803	36	21	integrated	integrated	ADJ
eistud-25803	36	22	than	than	ADP
eistud-25803	36	23	larger	large	ADJ
eistud-25803	36	24	units	unit	NOUN
eistud-25803	36	25	.	.	PUNCT
eistud-25803	37	1	then	then	ADV
eistud-25803	37	2	an	an	DET
eistud-25803	37	3	oca	oca	NOUN
eistud-25803	37	4	can	can	AUX
eistud-25803	37	5	be	be	AUX
eistud-25803	37	6	defi	defi	NOUN
eistud-25803	37	7	ned	ne	VERB
eistud-25803	37	8	by	by	ADP
eistud-25803	37	9	mundell	mundell	PROPN
eistud-25803	37	10	(	(	PUNCT
eistud-25803	37	11	1961	1961	NUM
eistud-25803	37	12	)	)	PUNCT
eistud-25803	37	13	and	and	CCONJ
eistud-25803	37	14	mckinnon	mckinnon	PROPN
eistud-25803	37	15	(	(	PUNCT
eistud-25803	37	16	1963	1963	NUM
eistud-25803	37	17	)	)	PUNCT
eistud-25803	37	18	as	as	ADP
eistud-25803	37	19	a	a	DET
eistud-25803	37	20	region	region	NOUN
eistud-25803	37	21	that	that	PRON
eistud-25803	37	22	is	be	AUX
eistud-25803	37	23	neither	neither	CCONJ
eistud-25803	37	24	so	so	ADV
eistud-25803	37	25	small	small	ADJ
eistud-25803	37	26	and	and	CCONJ
eistud-25803	37	27	open	open	ADJ
eistud-25803	37	28	that	that	SCONJ
eistud-25803	37	29	it	it	PRON
eistud-25803	37	30	would	would	AUX
eistud-25803	37	31	be	be	AUX
eistud-25803	37	32	better	well	ADJ
eistud-25803	37	33	off	off	ADP
eistud-25803	37	34	pegging	peg	VERB
eistud-25803	37	35	its	its	PRON
eistud-25803	37	36	currency	currency	NOUN
eistud-25803	37	37	to	to	ADP
eistud-25803	37	38	a	a	DET
eistud-25803	37	39	neighbor	neighbor	NOUN
eistud-25803	37	40	nor	nor	CCONJ
eistud-25803	37	41	so	so	ADV
eistud-25803	37	42	large	large	ADJ
eistud-25803	37	43	that	that	SCONJ
eistud-25803	37	44	it	it	PRON
eistud-25803	37	45	would	would	AUX
eistud-25803	37	46	be	be	AUX
eistud-25803	37	47	better	well	ADJ
eistud-25803	37	48	off	off	ADP
eistud-25803	37	49	splitting	splitting	NOUN
eistud-25803	37	50	into	into	ADP
eistud-25803	37	51	sub	sub	NOUN
eistud-25803	37	52	-	-	NOUN
eistud-25803	37	53	regions	region	NOUN
eistud-25803	37	54	with	with	ADP
eistud-25803	37	55	different	different	ADJ
eistud-25803	37	56	currencies	currency	NOUN
eistud-25803	37	57	(	(	PUNCT
eistud-25803	37	58	frankel	frankel	NOUN
eistud-25803	37	59	and	and	CCONJ
eistud-25803	37	60	rose	rise	VERB
eistud-25803	37	61	1996	1996	NUM
eistud-25803	37	62	)	)	PUNCT
eistud-25803	37	63	.	.	PUNCT
eistud-25803	38	1	in	in	ADP
eistud-25803	38	2	case	case	NOUN
eistud-25803	38	3	to	to	PART
eistud-25803	38	4	assume	assume	VERB
eistud-25803	38	5	the	the	DET
eistud-25803	38	6	necessity	necessity	NOUN
eistud-25803	38	7	to	to	PART
eistud-25803	38	8	adopt	adopt	VERB
eistud-25803	38	9	the	the	DET
eistud-25803	38	10	common	common	ADJ
eistud-25803	38	11	currency	currency	NOUN
eistud-25803	38	12	it	it	PRON
eistud-25803	38	13	is	be	AUX
eistud-25803	38	14	useful	useful	ADJ
eistud-25803	38	15	to	to	PART
eistud-25803	38	16	discuss	discuss	VERB
eistud-25803	38	17	mundell	mundell	PROPN
eistud-25803	38	18	’s	’s	PART
eistud-25803	38	19	model	model	NOUN
eistud-25803	38	20	of	of	ADP
eistud-25803	38	21	the	the	DET
eistud-25803	38	22	shifts	shift	NOUN
eistud-25803	38	23	in	in	ADP
eistud-25803	38	24	demand	demand	NOUN
eistud-25803	38	25	between	between	ADP
eistud-25803	38	26	two	two	NUM
eistud-25803	38	27	countries	country	NOUN
eistud-25803	38	28	.	.	PUNCT
eistud-25803	39	1	horvath	horvath	PROPN
eistud-25803	39	2	and	and	CCONJ
eistud-25803	39	3	komarek	komarek	PROPN
eistud-25803	39	4	(	(	PUNCT
eistud-25803	39	5	2002	2002	NUM
eistud-25803	39	6	)	)	PUNCT
eistud-25803	39	7	made	make	VERB
eistud-25803	39	8	the	the	DET
eistud-25803	39	9	essential	essential	ADJ
eistud-25803	39	10	analysis	analysis	NOUN
eistud-25803	39	11	of	of	ADP
eistud-25803	39	12	mundell	mundell	PROPN
eistud-25803	39	13	’s	’s	PART
eistud-25803	39	14	model	model	NOUN
eistud-25803	39	15	of	of	ADP
eistud-25803	39	16	shifts	shift	NOUN
eistud-25803	39	17	in	in	ADP
eistud-25803	39	18	demand	demand	NOUN
eistud-25803	39	19	.	.	PUNCT
eistud-25803	40	1	it	it	PRON
eistud-25803	40	2	appears	appear	VERB
eistud-25803	40	3	as	as	SCONJ
eistud-25803	40	4	follows	follow	VERB
eistud-25803	40	5	.	.	PUNCT
eistud-25803	41	1	there	there	PRON
eistud-25803	41	2	are	be	VERB
eistud-25803	41	3	two	two	NUM
eistud-25803	41	4	countries	country	NOUN
eistud-25803	41	5	a	a	PRON
eistud-25803	41	6	and	and	CCONJ
eistud-25803	41	7	b6	b6	NOUN
eistud-25803	41	8	,	,	PUNCT
eistud-25803	41	9	which	which	PRON
eistud-25803	41	10	are	be	AUX
eistud-25803	41	11	initially	initially	ADV
eistud-25803	41	12	in	in	ADP
eistud-25803	41	13	their	their	PRON
eistud-25803	41	14	equilibrium	equilibrium	NOUN
eistud-25803	41	15	defi	defi	NOUN
eistud-25803	41	16	ned	ned	NOUN
eistud-25803	41	17	as	as	ADP
eistud-25803	41	18	full	full	ADJ
eistud-25803	41	19	employment	employment	NOUN
eistud-25803	41	20	and	and	CCONJ
eistud-25803	41	21	balanced	balanced	ADJ
eistud-25803	41	22	trade	trade	NOUN
eistud-25803	41	23	.	.	PUNCT
eistud-25803	42	1	both	both	DET
eistud-25803	42	2	countries	country	NOUN
eistud-25803	42	3	maintain	maintain	VERB
eistud-25803	42	4	own	own	ADJ
eistud-25803	42	5	currencies	currency	NOUN
eistud-25803	42	6	,	,	PUNCT
eistud-25803	42	7	thus	thus	ADV
eistud-25803	42	8	each	each	DET
eistud-25803	42	9	country	country	NOUN
eistud-25803	42	10	can	can	AUX
eistud-25803	42	11	alter	alter	VERB
eistud-25803	42	12	its	its	PRON
eistud-25803	42	13	monetary	monetary	ADJ
eistud-25803	42	14	policy	policy	NOUN
eistud-25803	42	15	if	if	SCONJ
eistud-25803	42	16	necessary	necessary	ADJ
eistud-25803	42	17	.	.	PUNCT
eistud-25803	43	1	now	now	ADV
eistud-25803	43	2	consider	consider	VERB
eistud-25803	43	3	the	the	DET
eistud-25803	43	4	shift	shift	NOUN
eistud-25803	43	5	in	in	ADP
eistud-25803	43	6	demand	demand	NOUN
eistud-25803	43	7	away	away	ADV
eistud-25803	43	8	from	from	ADP
eistud-25803	43	9	the	the	DET
eistud-25803	43	10	products	product	NOUN
eistud-25803	43	11	of	of	ADP
eistud-25803	43	12	country	country	NOUN
eistud-25803	43	13	a	a	PRON
eistud-25803	43	14	to	to	ADP
eistud-25803	43	15	country	country	NOUN
eistud-25803	43	16	b	b	PROPN
eistud-25803	43	17	as	as	SCONJ
eistud-25803	43	18	depicted	depict	VERB
eistud-25803	43	19	in	in	ADP
eistud-25803	43	20	figure	figure	NOUN
eistud-25803	43	21	1	1	NUM
eistud-25803	43	22	.	.	PUNCT
eistud-25803	44	1	if	if	SCONJ
eistud-25803	44	2	no	no	DET
eistud-25803	44	3	policy	policy	NOUN
eistud-25803	44	4	is	be	AUX
eistud-25803	44	5	used	use	VERB
eistud-25803	44	6	,	,	PUNCT
eistud-25803	44	7	the	the	DET
eistud-25803	44	8	result	result	NOUN
eistud-25803	44	9	of	of	ADP
eistud-25803	44	10	such	such	DET
eistud-25803	44	11	a	a	DET
eistud-25803	44	12	shift	shift	NOUN
eistud-25803	44	13	for	for	ADP
eistud-25803	44	14	country	country	NOUN
eistud-25803	44	15	a	a	PRON
eistud-25803	44	16	is	be	AUX
eistud-25803	44	17	the	the	DET
eistud-25803	44	18	decline	decline	NOUN
eistud-25803	44	19	in	in	ADP
eistud-25803	44	20	output	output	NOUN
eistud-25803	44	21	and	and	CCONJ
eistud-25803	44	22	the	the	DET
eistud-25803	44	23	price	price	NOUN
eistud-25803	44	24	level	level	NOUN
eistud-25803	44	25	and	and	CCONJ
eistud-25803	44	26	likely	likely	ADJ
eistud-25803	44	27	unemployment	unemployment	NOUN
eistud-25803	44	28	.	.	PUNCT
eistud-25803	45	1	if	if	SCONJ
eistud-25803	45	2	domestic	domestic	ADJ
eistud-25803	45	3	spending	spending	NOUN
eistud-25803	45	4	does	do	AUX
eistud-25803	45	5	not	not	PART
eistud-25803	45	6	decline	decline	VERB
eistud-25803	45	7	at	at	ADP
eistud-25803	45	8	the	the	DET
eistud-25803	45	9	level	level	NOUN
eistud-25803	45	10	of	of	ADP
eistud-25803	45	11	output	output	NOUN
eistud-25803	45	12	declines	decline	NOUN
eistud-25803	45	13	,	,	PUNCT
eistud-25803	45	14	a	a	DET
eistud-25803	45	15	current	current	ADJ
eistud-25803	45	16	account	account	NOUN
eistud-25803	45	17	defi	defi	PROPN
eistud-25803	45	18	cit	cit	PROPN
eistud-25803	45	19	will	will	AUX
eistud-25803	45	20	occur	occur	VERB
eistud-25803	45	21	and	and	CCONJ
eistud-25803	45	22	possibly	possibly	ADV
eistud-25803	45	23	a	a	DET
eistud-25803	45	24	budget	budget	NOUN
eistud-25803	45	25	defi	defi	NOUN
eistud-25803	45	26	cit	cit	PROPN
eistud-25803	45	27	,	,	PUNCT
eistud-25803	45	28	too	too	ADV
eistud-25803	45	29	.	.	PUNCT
eistud-25803	46	1	the	the	DET
eistud-25803	46	2	opposite	opposite	NOUN
eistud-25803	46	3	is	be	AUX
eistud-25803	46	4	valid	valid	ADJ
eistud-25803	46	5	for	for	ADP
eistud-25803	46	6	country	country	NOUN
eistud-25803	46	7	b.	b.	PROPN
eistud-25803	47	1	if	if	SCONJ
eistud-25803	47	2	country	country	PROPN
eistud-25803	47	3	b	b	PROPN
eistud-25803	47	4	prices	price	NOUN
eistud-25803	47	5	rise	rise	VERB
eistud-25803	47	6	at	at	ADP
eistud-25803	47	7	higher	high	ADJ
eistud-25803	47	8	speed	speed	NOUN
eistud-25803	47	9	than	than	ADP
eistud-25803	47	10	prices	price	NOUN
eistud-25803	47	11	in	in	ADP
eistud-25803	47	12	country	country	NOUN
eistud-25803	47	13	a	a	PRON
eistud-25803	47	14	,	,	PUNCT
eistud-25803	47	15	then	then	ADV
eistud-25803	47	16	b	b	X
eistud-25803	47	17	takes	take	VERB
eistud-25803	47	18	partially	partially	ADV
eistud-25803	47	19	the	the	DET
eistud-25803	47	20	burden	burden	NOUN
eistud-25803	47	21	of	of	ADP
eistud-25803	47	22	adjustment	adjustment	NOUN
eistud-25803	47	23	from	from	ADP
eistud-25803	47	24	country	country	NOUN
eistud-25803	47	25	a	a	NOUN
eistud-25803	47	26	,	,	PUNCT
eistud-25803	47	27	because	because	SCONJ
eistud-25803	47	28	price	price	NOUN
eistud-25803	47	29	increase	increase	NOUN
eistud-25803	47	30	will	will	AUX
eistud-25803	47	31	deteriorate	deteriorate	VERB
eistud-25803	47	32	its	its	PRON
eistud-25803	47	33	competitiveness	competitiveness	NOUN
eistud-25803	47	34	.	.	PUNCT
eistud-25803	48	1	if	if	SCONJ
eistud-25803	48	2	country	country	NOUN
eistud-25803	48	3	b	b	PROPN
eistud-25803	48	4	tightens	tighten	VERB
eistud-25803	48	5	its	its	PRON
eistud-25803	48	6	monetary	monetary	ADJ
eistud-25803	48	7	policy	policy	NOUN
eistud-25803	48	8	in	in	ADP
eistud-25803	48	9	order	order	NOUN
eistud-25803	48	10	to	to	PART
eistud-25803	48	11	fi	fi	VERB
eistud-25803	48	12	ght	ght	PROPN
eistud-25803	48	13	infl	infl	PROPN
eistud-25803	48	14	ation	ation	PROPN
eistud-25803	48	15	,	,	PUNCT
eistud-25803	48	16	then	then	ADV
eistud-25803	48	17	the	the	DET
eistud-25803	48	18	whole	whole	ADJ
eistud-25803	48	19	burden	burden	NOUN
eistud-25803	48	20	is	be	AUX
eistud-25803	48	21	thrown	throw	VERB
eistud-25803	48	22	onto	onto	ADP
eistud-25803	48	23	country	country	NOUN
eistud-25803	48	24	a.	a.	NOUN
eistud-25803	48	25	in	in	ADP
eistud-25803	48	26	the	the	DET
eistud-25803	48	27	case	case	NOUN
eistud-25803	48	28	that	that	SCONJ
eistud-25803	48	29	countries	country	NOUN
eistud-25803	48	30	use	use	VERB
eistud-25803	48	31	fl	fl	NUM
eistud-25803	48	32	exible	exible	ADJ
eistud-25803	48	33	exchange	exchange	NOUN
eistud-25803	48	34	rate	rate	NOUN
eistud-25803	48	35	regimes	regime	NOUN
eistud-25803	48	36	,	,	PUNCT
eistud-25803	48	37	the	the	DET
eistud-25803	48	38	whole	whole	ADJ
eistud-25803	48	39	adjustment	adjustment	NOUN
eistud-25803	48	40	can	can	AUX
eistud-25803	48	41	be	be	AUX
eistud-25803	48	42	solved	solve	VERB
eistud-25803	48	43	through	through	ADP
eistud-25803	48	44	the	the	DET
eistud-25803	48	45	depreciation	depreciation	NOUN
eistud-25803	48	46	of	of	ADP
eistud-25803	48	47	the	the	DET
eistud-25803	48	48	country	country	NOUN
eistud-25803	48	49	a	a	DET
eistud-25803	48	50	’s	’s	ADJ
eistud-25803	48	51	currency	currency	NOUN
eistud-25803	48	52	.	.	PUNCT
eistud-25803	49	1	but	but	CCONJ
eistud-25803	49	2	what	what	PRON
eistud-25803	49	3	if	if	SCONJ
eistud-25803	49	4	the	the	DET
eistud-25803	49	5	national	national	ADJ
eistud-25803	49	6	currency	currency	NOUN
eistud-25803	49	7	area	area	NOUN
eistud-25803	49	8	(	(	PUNCT
eistud-25803	49	9	the	the	DET
eistud-25803	49	10	area	area	NOUN
eistud-25803	49	11	where	where	SCONJ
eistud-25803	49	12	the	the	DET
eistud-25803	49	13	currency	currency	NOUN
eistud-25803	49	14	is	be	AUX
eistud-25803	49	15	actually	actually	ADV
eistud-25803	49	16	used	use	VERB
eistud-25803	49	17	)	)	PUNCT
eistud-25803	49	18	does	do	AUX
eistud-25803	49	19	not	not	PART
eistud-25803	49	20	geographically	geographically	ADV
eistud-25803	49	21	equal	equal	ADJ
eistud-25803	49	22	to	to	ADP
eistud-25803	49	23	the	the	DET
eistud-25803	49	24	optimum	optimum	ADJ
eistud-25803	49	25	currency	currency	NOUN
eistud-25803	49	26	area	area	NOUN
eistud-25803	49	27	(	(	PUNCT
eistud-25803	49	28	the	the	DET
eistud-25803	49	29	area	area	NOUN
eistud-25803	49	30	where	where	SCONJ
eistud-25803	49	31	could	could	AUX
eistud-25803	49	32	be	be	AUX
eistud-25803	49	33	the	the	DET
eistud-25803	49	34	highest	high	ADJ
eistud-25803	49	35	welfare	welfare	NOUN
eistud-25803	49	36	of	of	ADP
eistud-25803	49	37	using	use	VERB
eistud-25803	49	38	the	the	DET
eistud-25803	49	39	currency	currency	NOUN
eistud-25803	49	40	)	)	PUNCT
eistud-25803	49	41	.	.	PUNCT
eistud-25803	49	42	consider	consider	VERB
eistud-25803	49	43	that	that	SCONJ
eistud-25803	49	44	the	the	DET
eistud-25803	49	45	countries	country	NOUN
eistud-25803	49	46	consist	consist	VERB
eistud-25803	49	47	of	of	ADP
eistud-25803	49	48	western	western	ADJ
eistud-25803	49	49	and	and	CCONJ
eistud-25803	49	50	eastern	eastern	ADJ
eistud-25803	49	51	parts	part	NOUN
eistud-25803	49	52	.	.	PUNCT
eistud-25803	50	1	if	if	SCONJ
eistud-25803	50	2	the	the	DET
eistud-25803	50	3	aggregate	aggregate	ADJ
eistud-25803	50	4	demand	demand	NOUN
eistud-25803	50	5	falls	fall	VERB
eistud-25803	50	6	only	only	ADV
eistud-25803	50	7	in	in	ADP
eistud-25803	50	8	the	the	DET
eistud-25803	50	9	western	western	ADJ
eistud-25803	50	10	parts	part	NOUN
eistud-25803	50	11	of	of	ADP
eistud-25803	50	12	the	the	DET
eistud-25803	50	13	countries	country	NOUN
eistud-25803	50	14	and	and	CCONJ
eistud-25803	50	15	the	the	DET
eistud-25803	50	16	opposite	opposite	NOUN
eistud-25803	50	17	happens	happen	VERB
eistud-25803	50	18	in	in	ADP
eistud-25803	50	19	the	the	DET
eistud-25803	50	20	eastern	eastern	ADJ
eistud-25803	50	21	parts	part	NOUN
eistud-25803	50	22	,	,	PUNCT
eistud-25803	50	23	fl	fl	PROPN
eistud-25803	50	24	exible	exible	ADJ
eistud-25803	50	25	exchange	exchange	NOUN
eistud-25803	50	26	rate	rate	NOUN
eistud-25803	50	27	regime	regime	NOUN
eistud-25803	50	28	does	do	AUX
eistud-25803	50	29	not	not	PART
eistud-25803	50	30	bring	bring	VERB
eistud-25803	50	31	countries	country	NOUN
eistud-25803	50	32	back	back	ADV
eistud-25803	50	33	to	to	ADP
eistud-25803	50	34	the	the	DET
eistud-25803	50	35	equilibrium	equilibrium	NOUN
eistud-25803	50	36	.	.	PUNCT
eistud-25803	51	1	countries	country	NOUN
eistud-25803	51	2	would	would	AUX
eistud-25803	51	3	be	be	AUX
eistud-25803	51	4	able	able	ADJ
eistud-25803	51	5	to	to	PART
eistud-25803	51	6	get	get	VERB
eistud-25803	51	7	rid	rid	VERB
eistud-25803	51	8	of	of	ADP
eistud-25803	51	9	either	either	CCONJ
eistud-25803	51	10	infl	infl	PROPN
eistud-25803	51	11	ation	ation	PROPN
eistud-25803	51	12	or	or	CCONJ
eistud-25803	51	13	unemployment	unemployment	NOUN
eistud-25803	51	14	,	,	PUNCT
eistud-25803	51	15	but	but	CCONJ
eistud-25803	51	16	not	not	PART
eistud-25803	51	17	both	both	DET
eistud-25803	51	18	problems	problem	NOUN
eistud-25803	51	19	.	.	PUNCT
eistud-25803	52	1	the	the	DET
eistud-25803	52	2	country	country	NOUN
eistud-25803	52	3	can	can	AUX
eistud-25803	52	4	change	change	VERB
eistud-25803	52	5	the	the	DET
eistud-25803	52	6	price	price	NOUN
eistud-25803	52	7	of	of	ADP
eistud-25803	52	8	its	its	PRON
eistud-25803	52	9	currency	currency	NOUN
eistud-25803	52	10	and	and	CCONJ
eistud-25803	52	11	determine	determine	VERB
eistud-25803	52	12	the	the	DET
eistud-25803	52	13	quantity	quantity	NOUN
eistud-25803	52	14	of	of	ADP
eistud-25803	52	15	national	national	ADJ
eistud-25803	52	16	money	money	NOUN
eistud-25803	52	17	in	in	ADP
eistud-25803	52	18	circulation	circulation	NOUN
eistud-25803	52	19	.	.	PUNCT
eistud-25803	53	1	the	the	DET
eistud-25803	53	2	question	question	NOUN
eistud-25803	53	3	now	now	ADV
eistud-25803	53	4	is	be	AUX
eistud-25803	53	5	if	if	SCONJ
eistud-25803	53	6	there	there	PRON
eistud-25803	53	7	is	be	VERB
eistud-25803	53	8	any	any	DET
eistud-25803	53	9	theoretical	theoretical	ADJ
eistud-25803	53	10	possibility	possibility	NOUN
eistud-25803	53	11	of	of	ADP
eistud-25803	53	12	adjusting	adjust	VERB
eistud-25803	53	13	to	to	ADP
eistud-25803	53	14	the	the	DET
eistud-25803	53	15	equilibrium	equilibrium	NOUN
eistud-25803	53	16	.	.	PUNCT
eistud-25803	54	1	mundell	mundell	PROPN
eistud-25803	54	2	(	(	PUNCT
eistud-25803	54	3	1961	1961	NUM
eistud-25803	54	4	)	)	PUNCT
eistud-25803	54	5	offers	offer	VERB
eistud-25803	54	6	some	some	DET
eistud-25803	54	7	non	non	ADJ
eistud-25803	54	8	-	-	ADJ
eistud-25803	54	9	exchange	exchange	ADJ
eistud-25803	54	10	rate	rate	NOUN
eistud-25803	54	11	means	mean	VERB
eistud-25803	54	12	without	without	ADP
eistud-25803	54	13	considering	consider	VERB
eistud-25803	54	14	transaction	transaction	NOUN
eistud-25803	54	15	costs	cost	NOUN
eistud-25803	54	16	.	.	PUNCT
eistud-25803	55	1	first	first	ADV
eistud-25803	55	2	,	,	PUNCT
eistud-25803	55	3	there	there	PRON
eistud-25803	55	4	is	be	VERB
eistud-25803	55	5	wage	wage	NOUN
eistud-25803	55	6	fl	fl	NOUN
eistud-25803	55	7	exibility	exibility	NOUN
eistud-25803	55	8	.	.	PUNCT
eistud-25803	56	1	figure	figure	NOUN
eistud-25803	56	2	1	1	NUM
eistud-25803	56	3	.	.	PUNCT
eistud-25803	56	4	asymmetric	asymmetric	ADJ
eistud-25803	56	5	shifts	shift	NOUN
eistud-25803	56	6	in	in	ADP
eistud-25803	56	7	demand	demand	NOUN
eistud-25803	56	8	(	(	PUNCT
eistud-25803	56	9	de	de	X
eistud-25803	56	10	grauwe	grauwe	NOUN
eistud-25803	56	11	1997)7	1997)7	NUM
eistud-25803	56	12	6	6	NUM
eistud-25803	56	13	in	in	ADP
eistud-25803	56	14	the	the	DET
eistud-25803	56	15	case	case	NOUN
eistud-25803	56	16	of	of	ADP
eistud-25803	56	17	the	the	DET
eistud-25803	56	18	article	article	NOUN
eistud-25803	56	19	the	the	DET
eistud-25803	56	20	country	country	NOUN
eistud-25803	56	21	a	a	PRON
eistud-25803	56	22	is	be	AUX
eistud-25803	56	23	a	a	DET
eistud-25803	56	24	group	group	NOUN
eistud-25803	56	25	of	of	ADP
eistud-25803	56	26	candidates	candidate	NOUN
eistud-25803	56	27	countries	country	NOUN
eistud-25803	56	28	(	(	PUNCT
eistud-25803	56	29	e.g.	e.g.	ADV
eistud-25803	56	30	lithuania	lithuania	PROPN
eistud-25803	56	31	,	,	PUNCT
eistud-25803	56	32	latvia	latvia	PROPN
eistud-25803	56	33	and	and	CCONJ
eistud-25803	56	34	estonia	estonia	PROPN
eistud-25803	56	35	)	)	PUNCT
eistud-25803	56	36	to	to	PART
eistud-25803	56	37	join	join	VERB
eistud-25803	56	38	monetary	monetary	ADJ
eistud-25803	56	39	union	union	NOUN
eistud-25803	56	40	;	;	PUNCT
eistud-25803	56	41	b	b	X
eistud-25803	56	42	is	be	AUX
eistud-25803	56	43	euro	euro	NOUN
eistud-25803	56	44	zone	zone	NOUN
eistud-25803	56	45	.	.	PUNCT
eistud-25803	57	1	7	7	NUM
eistud-25803	57	2	ad	ad	NOUN
eistud-25803	57	3	-	-	PUNCT
eistud-25803	57	4	aggregate	aggregate	NOUN
eistud-25803	57	5	demand	demand	NOUN
eistud-25803	57	6	,	,	PUNCT
eistud-25803	57	7	as	as	ADP
eistud-25803	57	8	-	-	PUNCT
eistud-25803	57	9	aggregate	aggregate	ADJ
eistud-25803	57	10	supply	supply	NOUN
eistud-25803	57	11	,	,	PUNCT
eistud-25803	57	12	p	p	NOUN
eistud-25803	57	13	-	-	PUNCT
eistud-25803	57	14	price	price	NOUN
eistud-25803	57	15	level	level	NOUN
eistud-25803	57	16	,	,	PUNCT
eistud-25803	57	17	y	y	NOUN
eistud-25803	57	18	-	-	NOUN
eistud-25803	57	19	output	output	NOUN
eistud-25803	57	20	;	;	PUNCT
eistud-25803	57	21	110	110	NUM
eistud-25803	57	22	issn	issn	PROPN
eistud-25803	57	23	1822	1822	NUM
eistud-25803	57	24	-	-	SYM
eistud-25803	57	25	8402	8402	NUM
eistud-25803	57	26	european	european	ADJ
eistud-25803	57	27	integration	integration	NOUN
eistud-25803	57	28	studies	study	NOUN
eistud-25803	57	29	.	.	PUNCT
eistud-25803	57	30	2008	2008	NUM
eistud-25803	57	31	.	.	PUNCT
eistud-25803	58	1	no	no	DET
eistud-25803	58	2	2	2	NUM
eistud-25803	58	3	wage	wage	NOUN
eistud-25803	58	4	claims	claim	NOUN
eistud-25803	58	5	in	in	ADP
eistud-25803	58	6	the	the	DET
eistud-25803	58	7	western	western	ADJ
eistud-25803	58	8	parts	part	NOUN
eistud-25803	58	9	are	be	AUX
eistud-25803	58	10	reduced	reduce	VERB
eistud-25803	58	11	and	and	CCONJ
eistud-25803	58	12	the	the	DET
eistud-25803	58	13	opposite	opposite	NOUN
eistud-25803	58	14	is	be	AUX
eistud-25803	58	15	valid	valid	ADJ
eistud-25803	58	16	for	for	ADP
eistud-25803	58	17	eastern	eastern	ADJ
eistud-25803	58	18	parts	part	NOUN
eistud-25803	58	19	.	.	PUNCT
eistud-25803	59	1	second	second	ADJ
eistud-25803	59	2	,	,	PUNCT
eistud-25803	59	3	there	there	PRON
eistud-25803	59	4	is	be	VERB
eistud-25803	59	5	labor	labor	NOUN
eistud-25803	59	6	mobility	mobility	NOUN
eistud-25803	59	7	.	.	PUNCT
eistud-25803	60	1	workers	worker	NOUN
eistud-25803	60	2	can	can	AUX
eistud-25803	60	3	move	move	VERB
eistud-25803	60	4	from	from	ADP
eistud-25803	60	5	west	west	NOUN
eistud-25803	60	6	to	to	ADP
eistud-25803	60	7	east	east	NOUN
eistud-25803	60	8	in	in	ADP
eistud-25803	60	9	their	their	PRON
eistud-25803	60	10	countries	country	NOUN
eistud-25803	60	11	.	.	PUNCT
eistud-25803	61	1	they	they	PRON
eistud-25803	61	2	do	do	VERB
eistud-25803	61	3	this	this	PRON
eistud-25803	61	4	in	in	ADP
eistud-25803	61	5	order	order	NOUN
eistud-25803	61	6	to	to	PART
eistud-25803	61	7	eliminate	eliminate	VERB
eistud-25803	61	8	the	the	DET
eistud-25803	61	9	excess	excess	ADJ
eistud-25803	61	10	labor	labor	NOUN
eistud-25803	61	11	demand	demand	NOUN
eistud-25803	61	12	occurring	occur	VERB
eistud-25803	61	13	in	in	ADP
eistud-25803	61	14	the	the	DET
eistud-25803	61	15	eastern	eastern	ADJ
eistud-25803	61	16	parts	part	NOUN
eistud-25803	61	17	of	of	ADP
eistud-25803	61	18	the	the	DET
eistud-25803	61	19	countries	country	NOUN
eistud-25803	61	20	.	.	PUNCT
eistud-25803	62	1	wages	wage	NOUN
eistud-25803	62	2	remain	remain	VERB
eistud-25803	62	3	constant	constant	ADJ
eistud-25803	62	4	.	.	PUNCT
eistud-25803	63	1	unemployment	unemployment	NOUN
eistud-25803	63	2	and	and	CCONJ
eistud-25803	63	3	infl	infl	PROPN
eistud-25803	63	4	ation	ation	PROPN
eistud-25803	63	5	vanish	vanish	VERB
eistud-25803	63	6	.	.	PUNCT
eistud-25803	64	1	third	third	ADV
eistud-25803	64	2	,	,	PUNCT
eistud-25803	64	3	there	there	PRON
eistud-25803	64	4	is	be	VERB
eistud-25803	64	5	a	a	DET
eistud-25803	64	6	fi	fi	NOUN
eistud-25803	64	7	scal	scal	ADJ
eistud-25803	64	8	policy	policy	NOUN
eistud-25803	64	9	.	.	PUNCT
eistud-25803	65	1	in	in	ADP
eistud-25803	65	2	the	the	DET
eistud-25803	65	3	surplus	surplus	ADJ
eistud-25803	65	4	east	east	NOUN
eistud-25803	65	5	regions	region	NOUN
eistud-25803	65	6	authorities	authority	NOUN
eistud-25803	65	7	can	can	AUX
eistud-25803	65	8	raise	raise	VERB
eistud-25803	65	9	taxes	taxis	NOUN
eistud-25803	65	10	in	in	ADP
eistud-25803	65	11	order	order	NOUN
eistud-25803	65	12	to	to	PART
eistud-25803	65	13	decrease	decrease	VERB
eistud-25803	65	14	eastern	eastern	ADJ
eistud-25803	65	15	aggregate	aggregate	ADJ
eistud-25803	65	16	demand	demand	NOUN
eistud-25803	65	17	and	and	CCONJ
eistud-25803	65	18	transfer	transfer	VERB
eistud-25803	65	19	the	the	DET
eistud-25803	65	20	surplus	surplus	NOUN
eistud-25803	65	21	to	to	ADP
eistud-25803	65	22	the	the	DET
eistud-25803	65	23	western	western	ADJ
eistud-25803	65	24	parts	part	NOUN
eistud-25803	65	25	of	of	ADP
eistud-25803	65	26	each	each	DET
eistud-25803	65	27	country	country	NOUN
eistud-25803	65	28	.	.	PUNCT
eistud-25803	66	1	western	western	ADJ
eistud-25803	66	2	parts	part	NOUN
eistud-25803	66	3	still	still	ADV
eistud-25803	66	4	have	have	VERB
eistud-25803	66	5	a	a	DET
eistud-25803	66	6	current	current	ADJ
eistud-25803	66	7	account	account	NOUN
eistud-25803	66	8	defi	defi	PROPN
eistud-25803	66	9	cit	cit	PROPN
eistud-25803	66	10	,	,	PUNCT
eistud-25803	66	11	but	but	CCONJ
eistud-25803	66	12	transfers	transfer	NOUN
eistud-25803	66	13	fi	fi	NOUN
eistud-25803	66	14	nance	nance	VERB
eistud-25803	66	15	it	it	PRON
eistud-25803	66	16	.	.	PUNCT
eistud-25803	67	1	empirically	empirically	ADV
eistud-25803	67	2	,	,	PUNCT
eistud-25803	67	3	many	many	ADJ
eistud-25803	67	4	countries	country	NOUN
eistud-25803	67	5	have	have	VERB
eistud-25803	67	6	regional	regional	ADJ
eistud-25803	67	7	redistribution	redistribution	NOUN
eistud-25803	67	8	systems	system	NOUN
eistud-25803	67	9	through	through	ADP
eistud-25803	67	10	a	a	DET
eistud-25803	67	11	federal	federal	ADJ
eistud-25803	67	12	budget	budget	NOUN
eistud-25803	67	13	because	because	SCONJ
eistud-25803	67	14	of	of	ADP
eistud-25803	67	15	the	the	DET
eistud-25803	67	16	centralization	centralization	NOUN
eistud-25803	67	17	of	of	ADP
eistud-25803	67	18	the	the	DET
eistud-25803	67	19	government	government	NOUN
eistud-25803	67	20	budget	budget	NOUN
eistud-25803	67	21	.	.	PUNCT
eistud-25803	68	1	as	as	ADP
eistud-25803	68	2	a	a	DET
eistud-25803	68	3	result	result	NOUN
eistud-25803	68	4	,	,	PUNCT
eistud-25803	68	5	when	when	SCONJ
eistud-25803	68	6	output	output	NOUN
eistud-25803	68	7	in	in	ADP
eistud-25803	68	8	western	western	ADJ
eistud-25803	68	9	region	region	NOUN
eistud-25803	68	10	declines	decline	VERB
eistud-25803	68	11	,	,	PUNCT
eistud-25803	68	12	the	the	DET
eistud-25803	68	13	tax	tax	NOUN
eistud-25803	68	14	revenue	revenue	NOUN
eistud-25803	68	15	of	of	ADP
eistud-25803	68	16	federal	federal	ADJ
eistud-25803	68	17	government	government	NOUN
eistud-25803	68	18	declines	decline	VERB
eistud-25803	68	19	.	.	PUNCT
eistud-25803	69	1	at	at	ADP
eistud-25803	69	2	the	the	DET
eistud-25803	69	3	same	same	ADJ
eistud-25803	69	4	time	time	NOUN
eistud-25803	69	5	,	,	PUNCT
eistud-25803	69	6	the	the	DET
eistud-25803	69	7	social	social	ADJ
eistud-25803	69	8	security	security	NOUN
eistud-25803	69	9	system	system	NOUN
eistud-25803	69	10	will	will	AUX
eistud-25803	69	11	increase	increase	VERB
eistud-25803	69	12	transfers	transfer	NOUN
eistud-25803	69	13	to	to	ADP
eistud-25803	69	14	this	this	DET
eistud-25803	69	15	region	region	NOUN
eistud-25803	69	16	.	.	PUNCT
eistud-25803	70	1	transfers	transfer	NOUN
eistud-25803	70	2	do	do	AUX
eistud-25803	70	3	not	not	PART
eistud-25803	70	4	solve	solve	VERB
eistud-25803	70	5	adjustment	adjustment	NOUN
eistud-25803	70	6	problems	problem	NOUN
eistud-25803	70	7	,	,	PUNCT
eistud-25803	70	8	but	but	CCONJ
eistud-25803	70	9	make	make	VERB
eistud-25803	70	10	it	it	PRON
eistud-25803	70	11	easier	easy	ADJ
eistud-25803	70	12	to	to	PART
eistud-25803	70	13	live	live	VERB
eistud-25803	70	14	with	with	ADP
eistud-25803	70	15	.	.	PUNCT
eistud-25803	71	1	if	if	SCONJ
eistud-25803	71	2	the	the	DET
eistud-25803	71	3	negative	negative	ADJ
eistud-25803	71	4	shock	shock	NOUN
eistud-25803	71	5	is	be	AUX
eistud-25803	71	6	permanent	permanent	ADJ
eistud-25803	71	7	,	,	PUNCT
eistud-25803	71	8	then	then	ADV
eistud-25803	71	9	either	either	CCONJ
eistud-25803	71	10	it	it	PRON
eistud-25803	71	11	will	will	AUX
eistud-25803	71	12	be	be	AUX
eistud-25803	71	13	necessary	necessary	ADJ
eistud-25803	71	14	to	to	PART
eistud-25803	71	15	send	send	VERB
eistud-25803	71	16	the	the	DET
eistud-25803	71	17	transfers	transfer	NOUN
eistud-25803	71	18	forever	forever	ADV
eistud-25803	71	19	or	or	CCONJ
eistud-25803	71	20	to	to	PART
eistud-25803	71	21	adjust	adjust	VERB
eistud-25803	71	22	“	"	PUNCT
eistud-25803	71	23	painfully	painfully	ADV
eistud-25803	71	24	”	"	PUNCT
eistud-25803	71	25	in	in	ADP
eistud-25803	71	26	wages	wage	NOUN
eistud-25803	71	27	(	(	PUNCT
eistud-25803	71	28	horvath	horvath	PROPN
eistud-25803	71	29	and	and	CCONJ
eistud-25803	71	30	komarek	komarek	PROPN
eistud-25803	71	31	2002	2002	NUM
eistud-25803	71	32	)	)	PUNCT
eistud-25803	71	33	.	.	PUNCT
eistud-25803	72	1	any	any	DET
eistud-25803	72	2	kind	kind	NOUN
eistud-25803	72	3	of	of	ADP
eistud-25803	72	4	macroeconomic	macroeconomic	ADJ
eistud-25803	72	5	shocks	shock	NOUN
eistud-25803	72	6	effects	effect	NOUN
eistud-25803	72	7	could	could	AUX
eistud-25803	72	8	possibly	possibly	ADV
eistud-25803	72	9	be	be	AUX
eistud-25803	72	10	mitigated	mitigate	VERB
eistud-25803	72	11	in	in	ADP
eistud-25803	72	12	the	the	DET
eistud-25803	72	13	area	area	NOUN
eistud-25803	72	14	with	with	ADP
eistud-25803	72	15	single	single	ADJ
eistud-25803	72	16	currency	currency	NOUN
eistud-25803	72	17	area	area	NOUN
eistud-25803	72	18	with	with	ADP
eistud-25803	72	19	the	the	DET
eistud-25803	72	20	characteristics	characteristic	NOUN
eistud-25803	72	21	considered	consider	VERB
eistud-25803	72	22	in	in	ADP
eistud-25803	72	23	the	the	DET
eistud-25803	72	24	next	next	ADJ
eistud-25803	72	25	paragraph	paragraph	NOUN
eistud-25803	72	26	.	.	PUNCT
eistud-25803	73	1	optimum	optimum	ADJ
eistud-25803	73	2	currency	currency	NOUN
eistud-25803	73	3	area	area	NOUN
eistud-25803	73	4	theory	theory	NOUN
eistud-25803	73	5	characteristics	characteristic	VERB
eistud-25803	73	6	the	the	DET
eistud-25803	73	7	theory	theory	NOUN
eistud-25803	73	8	of	of	ADP
eistud-25803	73	9	optimum	optimum	ADJ
eistud-25803	73	10	currency	currency	NOUN
eistud-25803	73	11	areas	area	NOUN
eistud-25803	73	12	(	(	PUNCT
eistud-25803	73	13	oca	oca	NOUN
eistud-25803	73	14	)	)	PUNCT
eistud-25803	73	15	pioneered	pioneer	VERB
eistud-25803	73	16	by	by	ADP
eistud-25803	73	17	mundell	mundell	PROPN
eistud-25803	73	18	(	(	PUNCT
eistud-25803	73	19	1961	1961	NUM
eistud-25803	73	20	)	)	PUNCT
eistud-25803	73	21	in	in	ADP
eistud-25803	73	22	the	the	DET
eistud-25803	73	23	early	early	ADJ
eistud-25803	73	24	1960s	1960	NOUN
eistud-25803	73	25	and	and	CCONJ
eistud-25803	73	26	further	far	ADV
eistud-25803	73	27	elaborated	elaborate	VERB
eistud-25803	73	28	by	by	ADP
eistud-25803	73	29	mckinnon	mckinnon	PROPN
eistud-25803	73	30	(	(	PUNCT
eistud-25803	73	31	1963	1963	NUM
eistud-25803	73	32	)	)	PUNCT
eistud-25803	73	33	,	,	PUNCT
eistud-25803	73	34	kenen	kenen	NOUN
eistud-25803	73	35	(	(	PUNCT
eistud-25803	73	36	1969	1969	NUM
eistud-25803	73	37	)	)	PUNCT
eistud-25803	73	38	and	and	CCONJ
eistud-25803	73	39	others	other	NOUN
eistud-25803	73	40	.	.	PUNCT
eistud-25803	74	1	the	the	DET
eistud-25803	74	2	oca	oca	PROPN
eistud-25803	74	3	theory	theory	NOUN
eistud-25803	74	4	determines	determine	VERB
eistud-25803	74	5	the	the	DET
eistud-25803	74	6	conditions	condition	NOUN
eistud-25803	74	7	that	that	SCONJ
eistud-25803	74	8	countries	country	NOUN
eistud-25803	74	9	should	should	AUX
eistud-25803	74	10	satisfy	satisfy	VERB
eistud-25803	74	11	to	to	PART
eistud-25803	74	12	make	make	VERB
eistud-25803	74	13	a	a	DET
eistud-25803	74	14	monetary	monetary	ADJ
eistud-25803	74	15	union	union	NOUN
eistud-25803	74	16	attractive	attractive	ADJ
eistud-25803	74	17	,	,	PUNCT
eistud-25803	74	18	i.e.	i.e.	X
eistud-25803	74	19	to	to	PART
eistud-25803	74	20	ensure	ensure	VERB
eistud-25803	74	21	that	that	SCONJ
eistud-25803	74	22	the	the	DET
eistud-25803	74	23	benefi	benefi	PROPN
eistud-25803	74	24	ts	ts	ADP
eistud-25803	74	25	of	of	ADP
eistud-25803	74	26	the	the	DET
eistud-25803	74	27	monetary	monetary	ADJ
eistud-25803	74	28	union	union	NOUN
eistud-25803	74	29	exceed	exceed	VERB
eistud-25803	74	30	its	its	PRON
eistud-25803	74	31	costs	cost	NOUN
eistud-25803	74	32	.	.	PUNCT
eistud-25803	75	1	this	this	DET
eistud-25803	75	2	theory	theory	NOUN
eistud-25803	75	3	has	have	AUX
eistud-25803	75	4	been	be	AUX
eistud-25803	75	5	used	use	VERB
eistud-25803	75	6	to	to	PART
eistud-25803	75	7	analyze	analyze	VERB
eistud-25803	75	8	whether	whether	SCONJ
eistud-25803	75	9	countries	country	NOUN
eistud-25803	75	10	should	should	AUX
eistud-25803	75	11	join	join	VERB
eistud-25803	75	12	a	a	DET
eistud-25803	75	13	monetary	monetary	ADJ
eistud-25803	75	14	union	union	NOUN
eistud-25803	75	15	.	.	PUNCT
eistud-25803	76	1	it	it	PRON
eistud-25803	76	2	can	can	AUX
eistud-25803	76	3	also	also	ADV
eistud-25803	76	4	be	be	AUX
eistud-25803	76	5	used	use	VERB
eistud-25803	76	6	to	to	PART
eistud-25803	76	7	study	study	VERB
eistud-25803	76	8	the	the	DET
eistud-25803	76	9	conditions	condition	NOUN
eistud-25803	76	10	in	in	ADP
eistud-25803	76	11	which	which	PRON
eistud-25803	76	12	existing	exist	VERB
eistud-25803	76	13	members	member	NOUN
eistud-25803	76	14	of	of	ADP
eistud-25803	76	15	a	a	DET
eistud-25803	76	16	monetary	monetary	ADJ
eistud-25803	76	17	union	union	NOUN
eistud-25803	76	18	will	will	AUX
eistud-25803	76	19	want	want	VERB
eistud-25803	76	20	to	to	PART
eistud-25803	76	21	leave	leave	VERB
eistud-25803	76	22	the	the	DET
eistud-25803	76	23	union	union	NOUN
eistud-25803	76	24	.	.	PUNCT
eistud-25803	77	1	the	the	DET
eistud-25803	77	2	conditions	condition	NOUN
eistud-25803	77	3	that	that	PRON
eistud-25803	77	4	are	be	AUX
eistud-25803	77	5	needed	need	VERB
eistud-25803	77	6	to	to	PART
eistud-25803	77	7	make	make	VERB
eistud-25803	77	8	a	a	DET
eistud-25803	77	9	monetary	monetary	ADJ
eistud-25803	77	10	union	union	NOUN
eistud-25803	77	11	among	among	ADP
eistud-25803	77	12	candidate	candidate	NOUN
eistud-25803	77	13	member	member	NOUN
eistud-25803	77	14	states	state	NOUN
eistud-25803	77	15	attractive	attractive	ADJ
eistud-25803	77	16	can	can	AUX
eistud-25803	77	17	be	be	AUX
eistud-25803	77	18	summarized	summarize	VERB
eistud-25803	77	19	by	by	ADP
eistud-25803	77	20	three	three	NUM
eistud-25803	77	21	concepts	concept	NOUN
eistud-25803	77	22	:	:	PUNCT
eistud-25803	77	23	symmetry	symmetry	NOUN
eistud-25803	77	24	of	of	ADP
eistud-25803	77	25	shocks;•	shocks;•	ADJ
eistud-25803	77	26	flexibility;•	flexibility;•	NOUN
eistud-25803	77	27	integration.•	integration.•	NOUN
eistud-25803	77	28	countries	country	NOUN
eistud-25803	77	29	in	in	ADP
eistud-25803	77	30	a	a	DET
eistud-25803	77	31	monetary	monetary	ADJ
eistud-25803	77	32	union	union	NOUN
eistud-25803	77	33	should	should	AUX
eistud-25803	77	34	experience	experience	VERB
eistud-25803	77	35	macroeconomic	macroeconomic	ADJ
eistud-25803	77	36	shocks	shock	NOUN
eistud-25803	77	37	that	that	PRON
eistud-25803	77	38	are	be	AUX
eistud-25803	77	39	suffi	suffi	AUX
eistud-25803	77	40	ciently	ciently	ADV
eistud-25803	77	41	correlated	correlate	VERB
eistud-25803	77	42	with	with	ADP
eistud-25803	77	43	those	those	PRON
eistud-25803	77	44	experienced	experience	VERB
eistud-25803	77	45	in	in	ADP
eistud-25803	77	46	the	the	DET
eistud-25803	77	47	rest	rest	NOUN
eistud-25803	77	48	of	of	ADP
eistud-25803	77	49	the	the	DET
eistud-25803	77	50	union	union	NOUN
eistud-25803	77	51	(	(	PUNCT
eistud-25803	77	52	symmetry	symmetry	PROPN
eistud-25803	77	53	)	)	PUNCT
eistud-25803	77	54	.	.	PUNCT
eistud-25803	78	1	these	these	DET
eistud-25803	78	2	countries	country	NOUN
eistud-25803	78	3	should	should	AUX
eistud-25803	78	4	have	have	VERB
eistud-25803	78	5	suffi	suffi	PROPN
eistud-25803	78	6	cient	cient	NOUN
eistud-25803	78	7	fl	fl	DET
eistud-25803	78	8	exibility	exibility	NOUN
eistud-25803	78	9	in	in	ADP
eistud-25803	78	10	the	the	DET
eistud-25803	78	11	labor	labor	NOUN
eistud-25803	78	12	markets	market	NOUN
eistud-25803	78	13	to	to	PART
eistud-25803	78	14	be	be	AUX
eistud-25803	78	15	able	able	ADJ
eistud-25803	78	16	to	to	PART
eistud-25803	78	17	adjust	adjust	VERB
eistud-25803	78	18	to	to	ADP
eistud-25803	78	19	asymmetric	asymmetric	ADJ
eistud-25803	78	20	shocks	shock	NOUN
eistud-25803	78	21	once	once	SCONJ
eistud-25803	78	22	they	they	PRON
eistud-25803	78	23	are	be	AUX
eistud-25803	78	24	in	in	ADP
eistud-25803	78	25	the	the	DET
eistud-25803	78	26	union	union	NOUN
eistud-25803	78	27	.	.	PUNCT
eistud-25803	79	1	finally	finally	ADV
eistud-25803	79	2	they	they	PRON
eistud-25803	79	3	should	should	AUX
eistud-25803	79	4	have	have	VERB
eistud-25803	79	5	a	a	DET
eistud-25803	79	6	suffi	suffi	NOUN
eistud-25803	79	7	cient	cient	NOUN
eistud-25803	79	8	degree	degree	NOUN
eistud-25803	79	9	of	of	ADP
eistud-25803	79	10	trade	trade	NOUN
eistud-25803	79	11	integration	integration	NOUN
eistud-25803	79	12	with	with	ADP
eistud-25803	79	13	the	the	DET
eistud-25803	79	14	members	member	NOUN
eistud-25803	79	15	of	of	ADP
eistud-25803	79	16	the	the	DET
eistud-25803	79	17	union	union	NOUN
eistud-25803	79	18	so	so	SCONJ
eistud-25803	79	19	as	as	SCONJ
eistud-25803	79	20	to	to	PART
eistud-25803	79	21	generate	generate	VERB
eistud-25803	79	22	benefi	benefi	PROPN
eistud-25803	79	23	ts	ts	ADP
eistud-25803	79	24	of	of	ADP
eistud-25803	79	25	using	use	VERB
eistud-25803	79	26	the	the	DET
eistud-25803	79	27	same	same	ADJ
eistud-25803	79	28	currency	currency	NOUN
eistud-25803	79	29	(	(	PUNCT
eistud-25803	79	30	de	de	X
eistud-25803	79	31	grauwe	grauwe	NOUN
eistud-25803	79	32	2006	2006	NUM
eistud-25803	79	33	)	)	PUNCT
eistud-25803	79	34	.	.	PUNCT
eistud-25803	80	1	the	the	DET
eistud-25803	80	2	optimum	optimum	ADJ
eistud-25803	80	3	currency	currency	NOUN
eistud-25803	80	4	area	area	NOUN
eistud-25803	80	5	theory	theory	NOUN
eistud-25803	80	6	tries	try	VERB
eistud-25803	80	7	to	to	PART
eistud-25803	80	8	answer	answer	VERB
eistud-25803	80	9	an	an	DET
eistud-25803	80	10	almost	almost	ADV
eistud-25803	80	11	prohibitively	prohibitively	ADV
eistud-25803	80	12	diffi	diffi	ADJ
eistud-25803	80	13	cult	cult	NOUN
eistud-25803	80	14	question	question	NOUN
eistud-25803	80	15	:	:	PUNCT
eistud-25803	80	16	what	what	PRON
eistud-25803	80	17	is	be	AUX
eistud-25803	80	18	the	the	DET
eistud-25803	80	19	optimal	optimal	ADJ
eistud-25803	80	20	number	number	NOUN
eistud-25803	80	21	of	of	ADP
eistud-25803	80	22	currencies	currency	NOUN
eistud-25803	80	23	to	to	PART
eistud-25803	80	24	be	be	AUX
eistud-25803	80	25	used	use	VERB
eistud-25803	80	26	in	in	ADP
eistud-25803	80	27	one	one	NUM
eistud-25803	80	28	region	region	NOUN
eistud-25803	80	29	.	.	PUNCT
eistud-25803	81	1	the	the	DET
eistud-25803	81	2	diffi	diffi	PROPN
eistud-25803	81	3	culty	culty	NOUN
eistud-25803	81	4	of	of	ADP
eistud-25803	81	5	the	the	DET
eistud-25803	81	6	question	question	NOUN
eistud-25803	81	7	leads	lead	VERB
eistud-25803	81	8	to	to	ADP
eistud-25803	81	9	a	a	DET
eistud-25803	81	10	low	low	ADJ
eistud-25803	81	11	operational	operational	ADJ
eistud-25803	81	12	precision	precision	NOUN
eistud-25803	81	13	of	of	ADP
eistud-25803	81	14	oca	oca	PROPN
eistud-25803	81	15	theory	theory	NOUN
eistud-25803	81	16	.	.	PUNCT
eistud-25803	82	1	therefore	therefore	ADV
eistud-25803	82	2	,	,	PUNCT
eistud-25803	82	3	the	the	DET
eistud-25803	82	4	oca	oca	NOUN
eistud-25803	82	5	theory	theory	NOUN
eistud-25803	82	6	is	be	AUX
eistud-25803	82	7	a	a	DET
eistud-25803	82	8	framework	framework	NOUN
eistud-25803	82	9	for	for	ADP
eistud-25803	82	10	discussion	discussion	NOUN
eistud-25803	82	11	about	about	ADP
eistud-25803	82	12	monetary	monetary	ADJ
eistud-25803	82	13	integration	integration	NOUN
eistud-25803	82	14	.	.	PUNCT
eistud-25803	83	1	exchange	exchange	NOUN
eistud-25803	83	2	rate	rate	NOUN
eistud-25803	83	3	regimes	regime	NOUN
eistud-25803	83	4	are	be	AUX
eistud-25803	83	5	closely	closely	ADV
eistud-25803	83	6	related	relate	VERB
eistud-25803	83	7	to	to	ADP
eistud-25803	83	8	the	the	DET
eistud-25803	83	9	oca	oca	NOUN
eistud-25803	83	10	theory	theory	NOUN
eistud-25803	83	11	,	,	PUNCT
eistud-25803	83	12	which	which	PRON
eistud-25803	83	13	attempts	attempt	VERB
eistud-25803	83	14	to	to	PART
eistud-25803	83	15	give	give	VERB
eistud-25803	83	16	an	an	DET
eistud-25803	83	17	answer	answer	NOUN
eistud-25803	83	18	to	to	ADP
eistud-25803	83	19	the	the	DET
eistud-25803	83	20	choice	choice	NOUN
eistud-25803	83	21	of	of	ADP
eistud-25803	83	22	the	the	DET
eistud-25803	83	23	regime	regime	NOUN
eistud-25803	83	24	(	(	PUNCT
eistud-25803	83	25	the	the	DET
eistud-25803	83	26	oca	oca	NOUN
eistud-25803	83	27	theory	theory	NOUN
eistud-25803	83	28	distinguishes	distinguish	VERB
eistud-25803	83	29	only	only	ADV
eistud-25803	83	30	pure	pure	ADJ
eistud-25803	83	31	fl	fl	NOUN
eistud-25803	83	32	oat	oat	NOUN
eistud-25803	83	33	and	and	CCONJ
eistud-25803	83	34	pure	pure	ADJ
eistud-25803	83	35	fi	fi	NOUN
eistud-25803	83	36	xed	xed	NUM
eistud-25803	83	37	,	,	PUNCT
eistud-25803	83	38	what	what	PRON
eistud-25803	83	39	is	be	AUX
eistud-25803	83	40	not	not	PART
eistud-25803	83	41	often	often	ADV
eistud-25803	83	42	the	the	DET
eistud-25803	83	43	case	case	NOUN
eistud-25803	83	44	for	for	ADP
eistud-25803	83	45	economic	economic	ADJ
eistud-25803	83	46	policy	policy	NOUN
eistud-25803	83	47	makers	maker	NOUN
eistud-25803	83	48	)	)	PUNCT
eistud-25803	83	49	,	,	PUNCT
eistud-25803	83	50	based	base	VERB
eistud-25803	83	51	on	on	ADP
eistud-25803	83	52	structural	structural	ADJ
eistud-25803	83	53	characteristics	characteristic	NOUN
eistud-25803	83	54	of	of	ADP
eistud-25803	83	55	the	the	DET
eistud-25803	83	56	economy	economy	NOUN
eistud-25803	83	57	.	.	PUNCT
eistud-25803	84	1	the	the	DET
eistud-25803	84	2	interesting	interesting	ADJ
eistud-25803	84	3	question	question	NOUN
eistud-25803	84	4	is	be	AUX
eistud-25803	84	5	not	not	PART
eistud-25803	84	6	the	the	DET
eistud-25803	84	7	search	search	NOUN
eistud-25803	84	8	for	for	ADP
eistud-25803	84	9	the	the	DET
eistud-25803	84	10	optimal	optimal	ADJ
eistud-25803	84	11	exchange	exchange	NOUN
eistud-25803	84	12	rate	rate	NOUN
eistud-25803	84	13	regime	regime	NOUN
eistud-25803	84	14	,	,	PUNCT
eistud-25803	84	15	but	but	CCONJ
eistud-25803	84	16	the	the	DET
eistud-25803	84	17	search	search	NOUN
eistud-25803	84	18	for	for	ADP
eistud-25803	84	19	the	the	DET
eistud-25803	84	20	optimal	optimal	ADJ
eistud-25803	84	21	variability	variability	NOUN
eistud-25803	84	22	of	of	ADP
eistud-25803	84	23	the	the	DET
eistud-25803	84	24	exchange	exchange	NOUN
eistud-25803	84	25	rate	rate	NOUN
eistud-25803	84	26	.	.	PUNCT
eistud-25803	85	1	bayoumi	bayoumi	NOUN
eistud-25803	85	2	and	and	CCONJ
eistud-25803	85	3	eichengreen	eichengreen	NOUN
eistud-25803	85	4	(	(	PUNCT
eistud-25803	85	5	1997	1997	NUM
eistud-25803	85	6	and	and	CCONJ
eistud-25803	85	7	1998	1998	NUM
eistud-25803	85	8	)	)	PUNCT
eistud-25803	85	9	suggest	suggest	VERB
eistud-25803	85	10	an	an	DET
eistud-25803	85	11	approach	approach	NOUN
eistud-25803	85	12	for	for	ADP
eistud-25803	85	13	modeling	model	VERB
eistud-25803	85	14	exchange	exchange	NOUN
eistud-25803	85	15	rate	rate	NOUN
eistud-25803	85	16	variability	variability	NOUN
eistud-25803	85	17	,	,	PUNCT
eistud-25803	85	18	which	which	PRON
eistud-25803	85	19	takes	take	VERB
eistud-25803	85	20	into	into	ADP
eistud-25803	85	21	account	account	NOUN
eistud-25803	85	22	the	the	DET
eistud-25803	85	23	multiple	multiple	ADJ
eistud-25803	85	24	interdependency	interdependency	NOUN
eistud-25803	85	25	of	of	ADP
eistud-25803	85	26	the	the	DET
eistud-25803	85	27	economies	economy	NOUN
eistud-25803	85	28	.	.	PUNCT
eistud-25803	86	1	the	the	DET
eistud-25803	86	2	purpose	purpose	NOUN
eistud-25803	86	3	of	of	ADP
eistud-25803	86	4	such	such	ADJ
eistud-25803	86	5	modeling	modeling	NOUN
eistud-25803	86	6	is	be	AUX
eistud-25803	86	7	to	to	PART
eistud-25803	86	8	estimate	estimate	VERB
eistud-25803	86	9	to	to	ADP
eistud-25803	86	10	what	what	DET
eistud-25803	86	11	degree	degree	NOUN
eistud-25803	86	12	the	the	DET
eistud-25803	86	13	exchange	exchange	NOUN
eistud-25803	86	14	rate	rate	NOUN
eistud-25803	86	15	variability	variability	NOUN
eistud-25803	86	16	may	may	AUX
eistud-25803	86	17	be	be	AUX
eistud-25803	86	18	explained	explain	VERB
eistud-25803	86	19	by	by	ADP
eistud-25803	86	20	the	the	DET
eistud-25803	86	21	traditional	traditional	ADJ
eistud-25803	86	22	oca	oca	NOUN
eistud-25803	86	23	criteria	criterion	NOUN
eistud-25803	86	24	,	,	PUNCT
eistud-25803	86	25	as	as	SCONJ
eistud-25803	86	26	defi	defi	PROPN
eistud-25803	86	27	ned	ne	VERB
eistud-25803	86	28	in	in	ADP
eistud-25803	86	29	the	the	DET
eistud-25803	86	30	classical	classical	ADJ
eistud-25803	86	31	oca	oca	NOUN
eistud-25803	86	32	literature	literature	NOUN
eistud-25803	86	33	in	in	ADP
eistud-25803	86	34	the	the	DET
eistud-25803	86	35	1960s	1960s	NUM
eistud-25803	86	36	.	.	PUNCT
eistud-25803	87	1	the	the	DET
eistud-25803	87	2	oca	oca	PROPN
eistud-25803	87	3	criterions	criterion	NOUN
eistud-25803	87	4	strongly	strongly	ADV
eistud-25803	87	5	depend	depend	VERB
eistud-25803	87	6	on	on	ADP
eistud-25803	87	7	openness	openness	NOUN
eistud-25803	87	8	.	.	PUNCT
eistud-25803	88	1	the	the	DET
eistud-25803	88	2	advantages	advantage	NOUN
eistud-25803	88	3	of	of	ADP
eistud-25803	88	4	fi	fi	NOUN
eistud-25803	88	5	xed	xed	PROPN
eistud-25803	88	6	exchange	exchange	PROPN
eistud-25803	88	7	rates	rate	NOUN
eistud-25803	88	8	increase	increase	VERB
eistud-25803	88	9	with	with	ADP
eistud-25803	88	10	the	the	DET
eistud-25803	88	11	degree	degree	NOUN
eistud-25803	88	12	of	of	ADP
eistud-25803	88	13	economic	economic	ADJ
eistud-25803	88	14	integration	integration	NOUN
eistud-25803	88	15	,	,	PUNCT
eistud-25803	88	16	while	while	SCONJ
eistud-25803	88	17	the	the	DET
eistud-25803	88	18	advantages	advantage	NOUN
eistud-25803	88	19	of	of	ADP
eistud-25803	88	20	fl	fl	NUM
eistud-25803	88	21	exible	exible	ADJ
eistud-25803	88	22	exchange	exchange	NOUN
eistud-25803	88	23	rates	rate	NOUN
eistud-25803	88	24	diminish	diminish	VERB
eistud-25803	88	25	.	.	PUNCT
eistud-25803	89	1	two	two	NUM
eistud-25803	89	2	big	big	ADJ
eistud-25803	89	3	advantages	advantage	NOUN
eistud-25803	89	4	of	of	ADP
eistud-25803	89	5	fi	fi	NOUN
eistud-25803	89	6	xing	xing	NOUN
eistud-25803	89	7	the	the	DET
eistud-25803	89	8	exchange	exchange	NOUN
eistud-25803	89	9	rate	rate	NOUN
eistud-25803	89	10	were	be	AUX
eistud-25803	89	11	identifi	identifi	NOUN
eistud-25803	89	12	ed	ed	NOUN
eistud-25803	89	13	above	above	ADV
eistud-25803	89	14	:	:	PUNCT
eistud-25803	89	15	1	1	X
eistud-25803	89	16	)	)	PUNCT
eistud-25803	89	17	to	to	PART
eistud-25803	89	18	reduce	reduce	VERB
eistud-25803	89	19	transactions	transaction	NOUN
eistud-25803	89	20	costs	cost	NOUN
eistud-25803	89	21	and	and	CCONJ
eistud-25803	89	22	exchange	exchange	NOUN
eistud-25803	89	23	rate	rate	NOUN
eistud-25803	89	24	risk	risk	NOUN
eistud-25803	89	25	that	that	PRON
eistud-25803	89	26	can	can	AUX
eistud-25803	89	27	discourage	discourage	VERB
eistud-25803	89	28	trade	trade	NOUN
eistud-25803	89	29	and	and	CCONJ
eistud-25803	89	30	investment	investment	NOUN
eistud-25803	89	31	,	,	PUNCT
eistud-25803	89	32	and	and	CCONJ
eistud-25803	89	33	2	2	NUM
eistud-25803	89	34	)	)	PUNCT
eistud-25803	89	35	to	to	PART
eistud-25803	89	36	provide	provide	VERB
eistud-25803	89	37	a	a	DET
eistud-25803	89	38	credible	credible	ADJ
eistud-25803	89	39	nominal	nominal	ADJ
eistud-25803	89	40	anchor	anchor	NOUN
eistud-25803	89	41	for	for	ADP
eistud-25803	89	42	monetary	monetary	ADJ
eistud-25803	89	43	policy	policy	NOUN
eistud-25803	89	44	.	.	PUNCT
eistud-25803	90	1	if	if	SCONJ
eistud-25803	90	2	traded	trade	VERB
eistud-25803	90	3	goods	good	NOUN
eistud-25803	90	4	constitute	constitute	VERB
eistud-25803	90	5	a	a	DET
eistud-25803	90	6	large	large	ADJ
eistud-25803	90	7	proportion	proportion	NOUN
eistud-25803	90	8	of	of	ADP
eistud-25803	90	9	the	the	DET
eistud-25803	90	10	economy	economy	NOUN
eistud-25803	90	11	,	,	PUNCT
eistud-25803	90	12	then	then	ADV
eistud-25803	90	13	exchange	exchange	NOUN
eistud-25803	90	14	rate	rate	NOUN
eistud-25803	90	15	uncertainty	uncertainty	NOUN
eistud-25803	90	16	is	be	AUX
eistud-25803	90	17	a	a	DET
eistud-25803	90	18	more	more	ADV
eistud-25803	90	19	serious	serious	ADJ
eistud-25803	90	20	issue	issue	NOUN
eistud-25803	90	21	for	for	ADP
eistud-25803	90	22	the	the	DET
eistud-25803	90	23	country	country	NOUN
eistud-25803	90	24	in	in	ADP
eistud-25803	90	25	the	the	DET
eistud-25803	90	26	aggregate	aggregate	NOUN
eistud-25803	90	27	.	.	PUNCT
eistud-25803	91	1	such	such	DET
eistud-25803	91	2	an	an	DET
eistud-25803	91	3	economy	economy	NOUN
eistud-25803	91	4	may	may	AUX
eistud-25803	91	5	be	be	AUX
eistud-25803	91	6	too	too	ADV
eistud-25803	91	7	small	small	ADJ
eistud-25803	91	8	and	and	CCONJ
eistud-25803	91	9	too	too	ADV
eistud-25803	91	10	open	open	ADJ
eistud-25803	91	11	to	to	PART
eistud-25803	91	12	have	have	VERB
eistud-25803	91	13	an	an	DET
eistud-25803	91	14	independently	independently	ADV
eistud-25803	91	15	fl	fl	NOUN
eistud-25803	91	16	oating	oate	VERB
eistud-25803	91	17	currency	currency	NOUN
eistud-25803	91	18	.	.	PUNCT
eistud-25803	92	1	consider	consider	VERB
eistud-25803	92	2	fi	fi	NOUN
eistud-25803	92	3	rst	rst	NOUN
eistud-25803	92	4	,	,	PUNCT
eistud-25803	92	5	as	as	ADP
eistud-25803	92	6	the	the	DET
eistud-25803	92	7	criterion	criterion	NOUN
eistud-25803	92	8	for	for	ADP
eistud-25803	92	9	openness	openness	NOUN
eistud-25803	92	10	,	,	PUNCT
eistud-25803	92	11	the	the	DET
eistud-25803	92	12	marginal	marginal	ADJ
eistud-25803	92	13	propensity	propensity	NOUN
eistud-25803	92	14	to	to	PART
eistud-25803	92	15	import	import	VERB
eistud-25803	92	16	.	.	PUNCT
eistud-25803	93	1	variability	variability	NOUN
eistud-25803	93	2	in	in	ADP
eistud-25803	93	3	output	output	NOUN
eistud-25803	93	4	under	under	ADP
eistud-25803	93	5	a	a	DET
eistud-25803	93	6	fi	fi	NOUN
eistud-25803	93	7	xed	xed	PROPN
eistud-25803	93	8	exchange	exchange	NOUN
eistud-25803	93	9	rate	rate	NOUN
eistud-25803	93	10	is	be	AUX
eistud-25803	93	11	relatively	relatively	ADV
eistud-25803	93	12	low	low	ADJ
eistud-25803	93	13	when	when	SCONJ
eistud-25803	93	14	the	the	DET
eistud-25803	93	15	marginal	marginal	ADJ
eistud-25803	93	16	propensity	propensity	NOUN
eistud-25803	93	17	to	to	PART
eistud-25803	93	18	import	import	VERB
eistud-25803	93	19	is	be	AUX
eistud-25803	93	20	high	high	ADJ
eistud-25803	93	21	;	;	PUNCT
eistud-25803	93	22	openness	openness	NOUN
eistud-25803	93	23	acts	act	VERB
eistud-25803	93	24	as	as	ADP
eistud-25803	93	25	an	an	DET
eistud-25803	93	26	automatic	automatic	ADJ
eistud-25803	93	27	stabilizer	stabilizer	NOUN
eistud-25803	93	28	,	,	PUNCT
eistud-25803	93	29	dampening	dampen	VERB
eistud-25803	93	30	the	the	DET
eistud-25803	93	31	effect	effect	NOUN
eistud-25803	93	32	of	of	ADP
eistud-25803	93	33	domestic	domestic	ADJ
eistud-25803	93	34	disturbances	disturbance	NOUN
eistud-25803	93	35	.	.	PUNCT
eistud-25803	94	1	consider	consider	VERB
eistud-25803	94	2	next	next	ADV
eistud-25803	94	3	,	,	PUNCT
eistud-25803	94	4	as	as	ADP
eistud-25803	94	5	the	the	DET
eistud-25803	94	6	criterion	criterion	NOUN
eistud-25803	94	7	of	of	ADP
eistud-25803	94	8	openness	openness	NOUN
eistud-25803	94	9	the	the	DET
eistud-25803	94	10	ease	ease	NOUN
eistud-25803	94	11	of	of	ADP
eistud-25803	94	12	labor	labor	NOUN
eistud-25803	94	13	movement	movement	NOUN
eistud-25803	94	14	between	between	ADP
eistud-25803	94	15	the	the	DET
eistud-25803	94	16	country	country	NOUN
eistud-25803	94	17	in	in	ADP
eistud-25803	94	18	question	question	NOUN
eistud-25803	94	19	and	and	CCONJ
eistud-25803	94	20	its	its	PRON
eistud-25803	94	21	neighbors	neighbor	NOUN
eistud-25803	94	22	.	.	PUNCT
eistud-25803	95	1	if	if	SCONJ
eistud-25803	95	2	the	the	DET
eistud-25803	95	3	economy	economy	NOUN
eistud-25803	95	4	is	be	AUX
eistud-25803	95	5	highly	highly	ADV
eistud-25803	95	6	integrated	integrate	VERB
eistud-25803	95	7	with	with	ADP
eistud-25803	95	8	its	its	PRON
eistud-25803	95	9	neighbors	neighbor	NOUN
eistud-25803	95	10	by	by	ADP
eistud-25803	95	11	this	this	DET
eistud-25803	95	12	criterion	criterion	NOUN
eistud-25803	95	13	,	,	PUNCT
eistud-25803	95	14	then	then	ADV
eistud-25803	95	15	workers	worker	NOUN
eistud-25803	95	16	may	may	AUX
eistud-25803	95	17	be	be	AUX
eistud-25803	95	18	able	able	ADJ
eistud-25803	95	19	to	to	PART
eistud-25803	95	20	respond	respond	VERB
eistud-25803	95	21	to	to	ADP
eistud-25803	95	22	a	a	DET
eistud-25803	95	23	local	local	ADJ
eistud-25803	95	24	recession	recession	NOUN
eistud-25803	95	25	by	by	ADP
eistud-25803	95	26	moving	move	VERB
eistud-25803	95	27	across	across	ADP
eistud-25803	95	28	the	the	DET
eistud-25803	95	29	border	border	NOUN
eistud-25803	95	30	to	to	PART
eistud-25803	95	31	get	get	VERB
eistud-25803	95	32	jobs	job	NOUN
eistud-25803	95	33	,	,	PUNCT
eistud-25803	95	34	so	so	SCONJ
eistud-25803	95	35	there	there	PRON
eistud-25803	95	36	is	be	VERB
eistud-25803	95	37	less	less	ADJ
eistud-25803	95	38	need	need	NOUN
eistud-25803	95	39	for	for	ADP
eistud-25803	95	40	a	a	DET
eistud-25803	95	41	local	local	ADJ
eistud-25803	95	42	monetary	monetary	ADJ
eistud-25803	95	43	expansion	expansion	NOUN
eistud-25803	95	44	or	or	CCONJ
eistud-25803	95	45	devaluation	devaluation	NOUN
eistud-25803	95	46	.	.	PUNCT
eistud-25803	96	1	of	of	ADV
eistud-25803	96	2	course	course	NOUN
eistud-25803	96	3	the	the	DET
eistud-25803	96	4	neighbor	neighbor	NOUN
eistud-25803	96	5	may	may	AUX
eistud-25803	96	6	be	be	AUX
eistud-25803	96	7	in	in	ADP
eistud-25803	96	8	recession	recession	NOUN
eistud-25803	96	9	too	too	ADV
eistud-25803	96	10	.	.	PUNCT
eistud-25803	97	1	to	to	ADP
eistud-25803	97	2	the	the	DET
eistud-25803	97	3	extent	extent	NOUN
eistud-25803	97	4	that	that	SCONJ
eistud-25803	97	5	businesses	business	NOUN
eistud-25803	97	6	in	in	ADP
eistud-25803	97	7	the	the	DET
eistud-25803	97	8	two	two	NUM
eistud-25803	97	9	economies	economy	NOUN
eistud-25803	97	10	are	be	AUX
eistud-25803	97	11	correlated	correlate	VERB
eistud-25803	97	12	,	,	PUNCT
eistud-25803	97	13	however	however	ADV
eistud-25803	97	14	,	,	PUNCT
eistud-25803	97	15	monetary	monetary	ADJ
eistud-25803	97	16	independence	independence	NOUN
eistud-25803	97	17	is	be	AUX
eistud-25803	97	18	not	not	PART
eistud-25803	97	19	needed	need	VERB
eistud-25803	97	20	in	in	ADP
eistud-25803	97	21	any	any	DET
eistud-25803	97	22	case	case	NOUN
eistud-25803	97	23	:	:	PUNCT
eistud-25803	97	24	the	the	DET
eistud-25803	97	25	two	two	NUM
eistud-25803	97	26	can	can	NOUN
eistud-25803	97	27	111	111	NUM
eistud-25803	97	28	issn	issn	PROPN
eistud-25803	97	29	1822	1822	NUM
eistud-25803	97	30	-	-	SYM
eistud-25803	97	31	8402	8402	NUM
eistud-25803	97	32	european	european	ADJ
eistud-25803	97	33	integration	integration	NOUN
eistud-25803	97	34	studies	study	NOUN
eistud-25803	97	35	.	.	PUNCT
eistud-25803	98	1	2008	2008	NUM
eistud-25803	98	2	.	.	PUNCT
eistud-25803	99	1	no	no	DET
eistud-25803	99	2	2	2	NUM
eistud-25803	99	3	share	share	NOUN
eistud-25803	99	4	a	a	DET
eistud-25803	99	5	monetary	monetary	ADJ
eistud-25803	99	6	expansion	expansion	NOUN
eistud-25803	99	7	in	in	ADP
eistud-25803	99	8	tandem	tandem	PROPN
eistud-25803	99	9	.	.	PUNCT
eistud-25803	100	1	there	there	PRON
eistud-25803	100	2	is	be	VERB
eistud-25803	100	3	less	less	ADJ
eistud-25803	100	4	need	need	NOUN
eistud-25803	100	5	for	for	SCONJ
eistud-25803	100	6	a	a	DET
eistud-25803	100	7	fl	fl	NUM
eistud-25803	100	8	exible	exible	ADJ
eistud-25803	100	9	exchange	exchange	NOUN
eistud-25803	100	10	rate	rate	NOUN
eistud-25803	100	11	between	between	ADP
eistud-25803	100	12	them	they	PRON
eistud-25803	100	13	to	to	PART
eistud-25803	100	14	accommodate	accommodate	VERB
eistud-25803	100	15	differences	difference	NOUN
eistud-25803	100	16	.	.	PUNCT
eistud-25803	101	1	consider	consider	VERB
eistud-25803	101	2	,	,	PUNCT
eistud-25803	101	3	fi	fi	NOUN
eistud-25803	101	4	nally	nally	ADV
eistud-25803	101	5	,	,	PUNCT
eistud-25803	101	6	a	a	DET
eistud-25803	101	7	rather	rather	ADV
eistud-25803	101	8	special	special	ADJ
eistud-25803	101	9	kind	kind	NOUN
eistud-25803	101	10	of	of	ADP
eistud-25803	101	11	integration	integration	NOUN
eistud-25803	101	12	:	:	PUNCT
eistud-25803	101	13	the	the	DET
eistud-25803	101	14	existence	existence	NOUN
eistud-25803	101	15	of	of	ADP
eistud-25803	101	16	a	a	DET
eistud-25803	101	17	federal	federal	ADJ
eistud-25803	101	18	fi	fi	NOUN
eistud-25803	101	19	scal	scal	ADJ
eistud-25803	101	20	system	system	NOUN
eistud-25803	101	21	to	to	PART
eistud-25803	101	22	transfer	transfer	VERB
eistud-25803	101	23	funds	fund	NOUN
eistud-25803	101	24	to	to	ADP
eistud-25803	101	25	regions	region	NOUN
eistud-25803	101	26	that	that	PRON
eistud-25803	101	27	suffer	suffer	VERB
eistud-25803	101	28	adverse	adverse	ADJ
eistud-25803	101	29	shocks	shock	NOUN
eistud-25803	101	30	.	.	PUNCT
eistud-25803	102	1	the	the	DET
eistud-25803	102	2	existence	existence	NOUN
eistud-25803	102	3	of	of	ADP
eistud-25803	102	4	such	such	DET
eistud-25803	102	5	a	a	DET
eistud-25803	102	6	system	system	NOUN
eistud-25803	102	7	,	,	PUNCT
eistud-25803	102	8	like	like	ADP
eistud-25803	102	9	the	the	DET
eistud-25803	102	10	existence	existence	NOUN
eistud-25803	102	11	of	of	ADP
eistud-25803	102	12	high	high	ADJ
eistud-25803	102	13	labor	labor	NOUN
eistud-25803	102	14	mobility	mobility	NOUN
eistud-25803	102	15	or	or	CCONJ
eistud-25803	102	16	high	high	ADJ
eistud-25803	102	17	correlation	correlation	NOUN
eistud-25803	102	18	of	of	ADP
eistud-25803	102	19	business	business	NOUN
eistud-25803	102	20	cycles	cycle	NOUN
eistud-25803	102	21	,	,	PUNCT
eistud-25803	102	22	makes	make	VERB
eistud-25803	102	23	monetary	monetary	ADJ
eistud-25803	102	24	independence	independence	NOUN
eistud-25803	102	25	less	less	ADV
eistud-25803	102	26	necessary	necessary	ADJ
eistud-25803	102	27	(	(	PUNCT
eistud-25803	102	28	horvath	horvath	PROPN
eistud-25803	102	29	and	and	CCONJ
eistud-25803	102	30	komarek	komarek	PROPN
eistud-25803	102	31	2002	2002	NUM
eistud-25803	102	32	)	)	PUNCT
eistud-25803	102	33	.	.	PUNCT
eistud-25803	103	1	countries	country	NOUN
eistud-25803	103	2	can	can	AUX
eistud-25803	103	3	benefi	benefi	PROPN
eistud-25803	103	4	t	t	PROPN
eistud-25803	103	5	from	from	ADP
eistud-25803	103	6	higher	high	ADJ
eistud-25803	103	7	trade	trade	NOUN
eistud-25803	103	8	integration	integration	NOUN
eistud-25803	103	9	,	,	PUNCT
eistud-25803	103	10	which	which	PRON
eistud-25803	103	11	leads	lead	VERB
eistud-25803	103	12	to	to	ADP
eistud-25803	103	13	the	the	DET
eistud-25803	103	14	more	more	ADV
eistud-25803	103	15	effective	effective	ADJ
eistud-25803	103	16	allocation	allocation	NOUN
eistud-25803	103	17	of	of	ADP
eistud-25803	103	18	resources	resource	NOUN
eistud-25803	103	19	.	.	PUNCT
eistud-25803	104	1	there	there	PRON
eistud-25803	104	2	are	be	VERB
eistud-25803	104	3	two	two	NUM
eistud-25803	104	4	opposite	opposite	ADJ
eistud-25803	104	5	views	view	NOUN
eistud-25803	104	6	on	on	ADP
eistud-25803	104	7	the	the	DET
eistud-25803	104	8	outcome	outcome	NOUN
eistud-25803	104	9	of	of	ADP
eistud-25803	104	10	higher	high	ADJ
eistud-25803	104	11	trade	trade	NOUN
eistud-25803	104	12	integration	integration	NOUN
eistud-25803	104	13	as	as	SCONJ
eistud-25803	104	14	depicted	depict	VERB
eistud-25803	104	15	in	in	ADP
eistud-25803	104	16	figure	figure	NOUN
eistud-25803	104	17	2	2	NUM
eistud-25803	104	18	.	.	PUNCT
eistud-25803	105	1	the	the	DET
eistud-25803	105	2	european	european	PROPN
eistud-25803	105	3	commission	commission	PROPN
eistud-25803	105	4	’s	’s	PART
eistud-25803	105	5	view	view	NOUN
eistud-25803	105	6	suggests	suggest	VERB
eistud-25803	105	7	that	that	SCONJ
eistud-25803	105	8	with	with	ADP
eistud-25803	105	9	higher	high	ADJ
eistud-25803	105	10	trade	trade	NOUN
eistud-25803	105	11	integration	integration	NOUN
eistud-25803	105	12	there	there	PRON
eistud-25803	105	13	is	be	VERB
eistud-25803	105	14	further	further	ADJ
eistud-25803	105	15	synchronization	synchronization	NOUN
eistud-25803	105	16	of	of	ADP
eistud-25803	105	17	national	national	ADJ
eistud-25803	105	18	business	business	NOUN
eistud-25803	105	19	cycles	cycle	NOUN
eistud-25803	105	20	(	(	PUNCT
eistud-25803	105	21	if	if	SCONJ
eistud-25803	105	22	the	the	DET
eistud-25803	105	23	cycle	cycle	NOUN
eistud-25803	105	24	is	be	AUX
eistud-25803	105	25	not	not	PART
eistud-25803	105	26	synchronized	synchronize	VERB
eistud-25803	105	27	it	it	PRON
eistud-25803	105	28	is	be	AUX
eistud-25803	105	29	likely	likely	ADJ
eistud-25803	105	30	that	that	SCONJ
eistud-25803	105	31	there	there	PRON
eistud-25803	105	32	are	be	VERB
eistud-25803	105	33	asymmetric	asymmetric	ADJ
eistud-25803	105	34	shocks	shock	NOUN
eistud-25803	105	35	among	among	ADP
eistud-25803	105	36	the	the	DET
eistud-25803	105	37	countries	country	NOUN
eistud-25803	105	38	)	)	PUNCT
eistud-25803	105	39	.	.	PUNCT
eistud-25803	106	1	trade	trade	NOUN
eistud-25803	106	2	among	among	ADP
eistud-25803	106	3	industrial	industrial	ADJ
eistud-25803	106	4	european	european	ADJ
eistud-25803	106	5	countries	country	NOUN
eistud-25803	106	6	is	be	AUX
eistud-25803	106	7	typically	typically	ADV
eistud-25803	106	8	intra	intra	ADJ
eistud-25803	106	9	-	-	ADJ
eistud-25803	106	10	industry	industry	ADJ
eistud-25803	106	11	trade	trade	NOUN
eistud-25803	106	12	based	base	VERB
eistud-25803	106	13	on	on	ADP
eistud-25803	106	14	economies	economy	NOUN
eistud-25803	106	15	of	of	ADP
eistud-25803	106	16	scale	scale	NOUN
eistud-25803	106	17	and	and	CCONJ
eistud-25803	106	18	imperfect	imperfect	ADJ
eistud-25803	106	19	competition	competition	NOUN
eistud-25803	106	20	.	.	PUNCT
eistud-25803	107	1	as	as	ADP
eistud-25803	107	2	a	a	DET
eistud-25803	107	3	result	result	NOUN
eistud-25803	107	4	,	,	PUNCT
eistud-25803	107	5	it	it	PRON
eistud-25803	107	6	does	do	AUX
eistud-25803	107	7	not	not	PART
eistud-25803	107	8	lead	lead	VERB
eistud-25803	107	9	to	to	ADP
eistud-25803	107	10	a	a	DET
eistud-25803	107	11	higher	high	ADJ
eistud-25803	107	12	specialization	specialization	NOUN
eistud-25803	107	13	of	of	ADP
eistud-25803	107	14	the	the	DET
eistud-25803	107	15	countries	country	NOUN
eistud-25803	107	16	,	,	PUNCT
eistud-25803	107	17	which	which	PRON
eistud-25803	107	18	could	could	AUX
eistud-25803	107	19	cause	cause	VERB
eistud-25803	107	20	the	the	DET
eistud-25803	107	21	higher	high	ADJ
eistud-25803	107	22	possibility	possibility	NOUN
eistud-25803	107	23	of	of	ADP
eistud-25803	107	24	asymmetric	asymmetric	ADJ
eistud-25803	107	25	shocks	shock	NOUN
eistud-25803	107	26	.	.	PUNCT
eistud-25803	108	1	figure	figure	NOUN
eistud-25803	108	2	2	2	NUM
eistud-25803	108	3	.	.	PUNCT
eistud-25803	109	1	the	the	DET
eistud-25803	109	2	views	view	NOUN
eistud-25803	109	3	on	on	ADP
eistud-25803	109	4	trade	trade	NOUN
eistud-25803	109	5	integration	integration	NOUN
eistud-25803	109	6	effects	effect	NOUN
eistud-25803	109	7	on	on	ADP
eistud-25803	109	8	the	the	DET
eistud-25803	109	9	other	other	ADJ
eistud-25803	109	10	hand	hand	NOUN
eistud-25803	109	11	,	,	PUNCT
eistud-25803	109	12	krugman	krugman	PROPN
eistud-25803	109	13	(	(	PUNCT
eistud-25803	109	14	1993	1993	NUM
eistud-25803	109	15	)	)	PUNCT
eistud-25803	109	16	argues	argue	VERB
eistud-25803	109	17	that	that	SCONJ
eistud-25803	109	18	higher	high	ADJ
eistud-25803	109	19	trade	trade	NOUN
eistud-25803	109	20	integration	integration	NOUN
eistud-25803	109	21	leads	lead	VERB
eistud-25803	109	22	to	to	ADP
eistud-25803	109	23	a	a	DET
eistud-25803	109	24	higher	high	ADJ
eistud-25803	109	25	specialization	specialization	NOUN
eistud-25803	109	26	under	under	ADP
eistud-25803	109	27	the	the	DET
eistud-25803	109	28	assumption	assumption	NOUN
eistud-25803	109	29	of	of	ADP
eistud-25803	109	30	decreasing	decrease	VERB
eistud-25803	109	31	transport	transport	NOUN
eistud-25803	109	32	costs	cost	NOUN
eistud-25803	109	33	.	.	PUNCT
eistud-25803	110	1	because	because	SCONJ
eistud-25803	110	2	of	of	ADP
eistud-25803	110	3	the	the	DET
eistud-25803	110	4	economies	economy	NOUN
eistud-25803	110	5	of	of	ADP
eistud-25803	110	6	scale	scale	NOUN
eistud-25803	110	7	,	,	PUNCT
eistud-25803	110	8	higher	high	ADJ
eistud-25803	110	9	integration	integration	NOUN
eistud-25803	110	10	leads	lead	VERB
eistud-25803	110	11	to	to	ADP
eistud-25803	110	12	a	a	DET
eistud-25803	110	13	regional	regional	ADJ
eistud-25803	110	14	concentration	concentration	NOUN
eistud-25803	110	15	of	of	ADP
eistud-25803	110	16	industrial	industrial	ADJ
eistud-25803	110	17	activity	activity	NOUN
eistud-25803	110	18	.	.	PUNCT
eistud-25803	111	1	as	as	ADP
eistud-25803	111	2	a	a	DET
eistud-25803	111	3	result	result	NOUN
eistud-25803	111	4	,	,	PUNCT
eistud-25803	111	5	asymmetric	asymmetric	ADJ
eistud-25803	111	6	shocks	shock	NOUN
eistud-25803	111	7	are	be	AUX
eistud-25803	111	8	more	more	ADV
eistud-25803	111	9	likely	likely	ADJ
eistud-25803	111	10	to	to	PART
eistud-25803	111	11	occur	occur	VERB
eistud-25803	111	12	in	in	ADP
eistud-25803	111	13	the	the	DET
eistud-25803	111	14	future	future	NOUN
eistud-25803	111	15	(	(	PUNCT
eistud-25803	111	16	since	since	SCONJ
eistud-25803	111	17	the	the	DET
eistud-25803	111	18	output	output	NOUN
eistud-25803	111	19	is	be	AUX
eistud-25803	111	20	less	less	ADV
eistud-25803	111	21	diversifi	diversifi	ADJ
eistud-25803	111	22	ed	ed	NOUN
eistud-25803	111	23	)	)	PUNCT
eistud-25803	111	24	and	and	CCONJ
eistud-25803	111	25	bring	bring	VERB
eistud-25803	111	26	extra	extra	ADJ
eistud-25803	111	27	costs	cost	NOUN
eistud-25803	111	28	to	to	ADP
eistud-25803	111	29	monetary	monetary	ADJ
eistud-25803	111	30	union	union	NOUN
eistud-25803	111	31	.	.	PUNCT
eistud-25803	112	1	the	the	DET
eistud-25803	112	2	problem	problem	NOUN
eistud-25803	112	3	with	with	ADP
eistud-25803	112	4	krugman	krugman	PROPN
eistud-25803	112	5	’s	’s	PART
eistud-25803	112	6	view	view	NOUN
eistud-25803	112	7	is	be	AUX
eistud-25803	112	8	that	that	SCONJ
eistud-25803	112	9	it	it	PRON
eistud-25803	112	10	implicitly	implicitly	ADV
eistud-25803	112	11	assumes	assume	VERB
eistud-25803	112	12	that	that	SCONJ
eistud-25803	112	13	regional	regional	ADJ
eistud-25803	112	14	concentration	concentration	NOUN
eistud-25803	112	15	of	of	ADP
eistud-25803	112	16	industry	industry	NOUN
eistud-25803	112	17	will	will	AUX
eistud-25803	112	18	not	not	PART
eistud-25803	112	19	cross	cross	VERB
eistud-25803	112	20	the	the	DET
eistud-25803	112	21	borders	border	NOUN
eistud-25803	112	22	of	of	ADP
eistud-25803	112	23	the	the	DET
eistud-25803	112	24	countries	country	NOUN
eistud-25803	112	25	that	that	PRON
eistud-25803	112	26	formed	form	VERB
eistud-25803	112	27	the	the	DET
eistud-25803	112	28	union	union	NOUN
eistud-25803	112	29	,	,	PUNCT
eistud-25803	112	30	while	while	SCONJ
eistud-25803	112	31	borders	border	NOUN
eistud-25803	112	32	will	will	AUX
eistud-25803	112	33	be	be	AUX
eistud-25803	112	34	less	less	ADV
eistud-25803	112	35	relevant	relevant	ADJ
eistud-25803	112	36	in	in	ADP
eistud-25803	112	37	infl	infl	PROPN
eistud-25803	112	38	uencing	uence	VERB
eistud-25803	112	39	the	the	DET
eistud-25803	112	40	shape	shape	NOUN
eistud-25803	112	41	of	of	ADP
eistud-25803	112	42	these	these	DET
eistud-25803	112	43	concentration	concentration	NOUN
eistud-25803	112	44	effects	effect	NOUN
eistud-25803	112	45	.	.	PUNCT
eistud-25803	113	1	if	if	SCONJ
eistud-25803	113	2	so	so	ADV
eistud-25803	113	3	,	,	PUNCT
eistud-25803	113	4	then	then	ADV
eistud-25803	113	5	asymmetric	asymmetric	ADJ
eistud-25803	113	6	shock	shock	NOUN
eistud-25803	113	7	is	be	AUX
eistud-25803	113	8	not	not	PART
eistud-25803	113	9	country	country	NOUN
eistud-25803	113	10	specifi	specifi	PROPN
eistud-25803	113	11	c	c	PROPN
eistud-25803	113	12	and	and	CCONJ
eistud-25803	113	13	fl	fl	PROPN
eistud-25803	113	14	oating	oate	VERB
eistud-25803	113	15	exchange	exchange	NOUN
eistud-25803	113	16	rate	rate	NOUN
eistud-25803	113	17	variation	variation	NOUN
eistud-25803	113	18	could	could	AUX
eistud-25803	113	19	not	not	PART
eistud-25803	113	20	be	be	AUX
eistud-25803	113	21	used	use	VERB
eistud-25803	113	22	to	to	PART
eistud-25803	113	23	deal	deal	VERB
eistud-25803	113	24	with	with	ADP
eistud-25803	113	25	asymmetric	asymmetric	ADJ
eistud-25803	113	26	shocks	shock	NOUN
eistud-25803	113	27	anyway	anyway	ADV
eistud-25803	113	28	.	.	PUNCT
eistud-25803	114	1	lower	low	ADJ
eistud-25803	114	2	costs	cost	NOUN
eistud-25803	114	3	of	of	ADP
eistud-25803	114	4	production	production	NOUN
eistud-25803	114	5	factors	factor	NOUN
eistud-25803	114	6	outside	outside	ADP
eistud-25803	114	7	of	of	ADP
eistud-25803	114	8	the	the	DET
eistud-25803	114	9	industrial	industrial	ADJ
eistud-25803	114	10	centers	center	NOUN
eistud-25803	114	11	can	can	AUX
eistud-25803	114	12	be	be	AUX
eistud-25803	114	13	expected	expect	VERB
eistud-25803	114	14	to	to	PART
eistud-25803	114	15	form	form	VERB
eistud-25803	114	16	,	,	PUNCT
eistud-25803	114	17	too	too	ADV
eistud-25803	114	18	.	.	PUNCT
eistud-25803	115	1	if	if	SCONJ
eistud-25803	115	2	monetary	monetary	ADJ
eistud-25803	115	3	union	union	NOUN
eistud-25803	115	4	is	be	AUX
eistud-25803	115	5	successfully	successfully	ADV
eistud-25803	115	6	implemented	implement	VERB
eistud-25803	115	7	and	and	CCONJ
eistud-25803	115	8	considered	consider	VERB
eistud-25803	115	9	as	as	ADP
eistud-25803	115	10	credible	credible	ADJ
eistud-25803	115	11	,	,	PUNCT
eistud-25803	115	12	then	then	ADV
eistud-25803	115	13	a	a	DET
eistud-25803	115	14	further	further	ADJ
eistud-25803	115	15	boost	boost	NOUN
eistud-25803	115	16	of	of	ADP
eistud-25803	115	17	convergence	convergence	NOUN
eistud-25803	115	18	among	among	ADP
eistud-25803	115	19	countries	country	NOUN
eistud-25803	115	20	can	can	AUX
eistud-25803	115	21	be	be	AUX
eistud-25803	115	22	expected	expect	VERB
eistud-25803	115	23	.	.	PUNCT
eistud-25803	116	1	eliminating	eliminate	VERB
eistud-25803	116	2	trade	trade	NOUN
eistud-25803	116	3	barriers	barrier	NOUN
eistud-25803	116	4	,	,	PUNCT
eistud-25803	116	5	there	there	PRON
eistud-25803	116	6	will	will	AUX
eistud-25803	116	7	be	be	AUX
eistud-25803	116	8	trade	trade	NOUN
eistud-25803	116	9	creation	creation	NOUN
eistud-25803	116	10	in	in	ADP
eistud-25803	116	11	the	the	DET
eistud-25803	116	12	countries	country	NOUN
eistud-25803	116	13	of	of	ADP
eistud-25803	116	14	the	the	DET
eistud-25803	116	15	monetary	monetary	ADJ
eistud-25803	116	16	union	union	NOUN
eistud-25803	116	17	.	.	PUNCT
eistud-25803	117	1	meanwhile	meanwhile	ADV
eistud-25803	117	2	it	it	PRON
eistud-25803	117	3	is	be	AUX
eistud-25803	117	4	possible	possible	ADJ
eistud-25803	117	5	that	that	SCONJ
eistud-25803	117	6	monetary	monetary	ADJ
eistud-25803	117	7	union	union	NOUN
eistud-25803	117	8	would	would	AUX
eistud-25803	117	9	be	be	AUX
eistud-25803	117	10	more	more	ADV
eistud-25803	117	11	closed	closed	ADJ
eistud-25803	117	12	to	to	ADP
eistud-25803	117	13	the	the	DET
eistud-25803	117	14	outside	outside	ADJ
eistud-25803	117	15	world	world	NOUN
eistud-25803	117	16	,	,	PUNCT
eistud-25803	117	17	so	so	ADV
eistud-25803	117	18	using	use	VERB
eistud-25803	117	19	fl	fl	NUM
eistud-25803	117	20	exible	exible	ADJ
eistud-25803	117	21	exchange	exchange	NOUN
eistud-25803	117	22	rates	rate	NOUN
eistud-25803	117	23	can	can	AUX
eistud-25803	117	24	be	be	AUX
eistud-25803	117	25	appropriate	appropriate	ADJ
eistud-25803	117	26	.	.	PUNCT
eistud-25803	118	1	this	this	PRON
eistud-25803	118	2	makes	make	VERB
eistud-25803	118	3	it	it	PRON
eistud-25803	118	4	simpler	simple	ADJ
eistud-25803	118	5	to	to	PART
eistud-25803	118	6	cope	cope	VERB
eistud-25803	118	7	with	with	ADP
eistud-25803	118	8	symmetric	symmetric	ADJ
eistud-25803	118	9	shocks	shock	NOUN
eistud-25803	118	10	.	.	PUNCT
eistud-25803	119	1	developments	development	NOUN
eistud-25803	119	2	of	of	ADP
eistud-25803	119	3	macroeconomic	macroeconomic	ADJ
eistud-25803	119	4	theory	theory	NOUN
eistud-25803	119	5	in	in	ADP
eistud-25803	119	6	the	the	DET
eistud-25803	119	7	last	last	ADJ
eistud-25803	119	8	30	30	NUM
eistud-25803	119	9	years	year	NOUN
eistud-25803	119	10	(	(	PUNCT
eistud-25803	119	11	lucas	lucas	NOUN
eistud-25803	119	12	critique	critique	PROPN
eistud-25803	119	13	)	)	PUNCT
eistud-25803	119	14	spurred	spur	VERB
eistud-25803	119	15	a	a	DET
eistud-25803	119	16	further	further	ADJ
eistud-25803	119	17	development	development	NOUN
eistud-25803	119	18	of	of	ADP
eistud-25803	119	19	oca	oca	PROPN
eistud-25803	119	20	theory	theory	NOUN
eistud-25803	119	21	.	.	PUNCT
eistud-25803	120	1	first	first	ADJ
eistud-25803	120	2	attempts	attempt	VERB
eistud-25803	120	3	to	to	PART
eistud-25803	120	4	model	model	VERB
eistud-25803	120	5	oca	oca	NOUN
eistud-25803	120	6	theory	theory	NOUN
eistud-25803	120	7	were	be	AUX
eistud-25803	120	8	made	make	VERB
eistud-25803	120	9	in	in	ADP
eistud-25803	120	10	the	the	DET
eistud-25803	120	11	1990s	1990	NOUN
eistud-25803	120	12	(	(	PUNCT
eistud-25803	120	13	horvath	horvath	PROPN
eistud-25803	120	14	and	and	CCONJ
eistud-25803	120	15	komarek	komarek	PROPN
eistud-25803	120	16	2002	2002	NUM
eistud-25803	120	17	)	)	PUNCT
eistud-25803	120	18	.	.	PUNCT
eistud-25803	121	1	the	the	DET
eistud-25803	121	2	criteria	criterion	NOUN
eistud-25803	121	3	of	of	ADP
eistud-25803	121	4	the	the	DET
eistud-25803	121	5	optimum	optimum	ADJ
eistud-25803	121	6	currency	currency	NOUN
eistud-25803	121	7	area	area	NOUN
eistud-25803	121	8	functioning	function	VERB
eistud-25803	121	9	frankel	frankel	NOUN
eistud-25803	121	10	and	and	CCONJ
eistud-25803	121	11	rose	rise	VERB
eistud-25803	121	12	(	(	PUNCT
eistud-25803	121	13	1998	1998	NUM
eistud-25803	121	14	)	)	PUNCT
eistud-25803	121	15	show	show	VERB
eistud-25803	121	16	that	that	SCONJ
eistud-25803	121	17	the	the	PRON
eistud-25803	121	18	higher	high	ADJ
eistud-25803	121	19	the	the	DET
eistud-25803	121	20	trade	trade	NOUN
eistud-25803	121	21	integration	integration	NOUN
eistud-25803	121	22	,	,	PUNCT
eistud-25803	121	23	the	the	PRON
eistud-25803	121	24	higher	high	ADJ
eistud-25803	121	25	the	the	DET
eistud-25803	121	26	correlation	correlation	NOUN
eistud-25803	121	27	of	of	ADP
eistud-25803	121	28	business	business	NOUN
eistud-25803	121	29	cycle	cycle	NOUN
eistud-25803	121	30	among	among	ADP
eistud-25803	121	31	countries	country	NOUN
eistud-25803	121	32	.	.	PUNCT
eistud-25803	122	1	furthermore	furthermore	ADV
eistud-25803	122	2	,	,	PUNCT
eistud-25803	122	3	they	they	PRON
eistud-25803	122	4	emphasize	emphasize	VERB
eistud-25803	122	5	that	that	SCONJ
eistud-25803	122	6	business	business	NOUN
eistud-25803	122	7	cycle	cycle	NOUN
eistud-25803	122	8	and	and	CCONJ
eistud-25803	122	9	trade	trade	NOUN
eistud-25803	122	10	integration	integration	NOUN
eistud-25803	122	11	are	be	AUX
eistud-25803	122	12	interrelated	interrelated	ADJ
eistud-25803	122	13	and	and	CCONJ
eistud-25803	122	14	endogenous	endogenous	ADJ
eistud-25803	122	15	processes	process	NOUN
eistud-25803	122	16	to	to	ADP
eistud-25803	122	17	establishing	establish	VERB
eistud-25803	122	18	a	a	DET
eistud-25803	122	19	currency	currency	NOUN
eistud-25803	122	20	union	union	NOUN
eistud-25803	122	21	.	.	PUNCT
eistud-25803	123	1	thus	thus	ADV
eistud-25803	123	2	,	,	PUNCT
eistud-25803	123	3	they	they	PRON
eistud-25803	123	4	demonstrate	demonstrate	VERB
eistud-25803	123	5	that	that	SCONJ
eistud-25803	123	6	countries	country	NOUN
eistud-25803	123	7	may	may	AUX
eistud-25803	123	8	fulfi	fulfi	VERB
eistud-25803	123	9	ll	ll	AUX
eistud-25803	123	10	the	the	DET
eistud-25803	123	11	oca	oca	PROPN
eistud-25803	123	12	criteria	criteria	VERB
eistud-25803	123	13	ex	ex	X
eistud-25803	123	14	post	post	NOUN
eistud-25803	123	15	,	,	PUNCT
eistud-25803	123	16	although	although	SCONJ
eistud-25803	123	17	they	they	PRON
eistud-25803	123	18	did	do	AUX
eistud-25803	123	19	not	not	PART
eistud-25803	123	20	fulfi	fulfi	VERB
eistud-25803	123	21	ll	ll	VERB
eistud-25803	123	22	them	they	PRON
eistud-25803	123	23	ex	ex	PRON
eistud-25803	123	24	ante	ante	NOUN
eistud-25803	123	25	.	.	PUNCT
eistud-25803	124	1	monetary	monetary	ADJ
eistud-25803	124	2	union	union	PROPN
eistud-25803	124	3	entry	entry	NOUN
eistud-25803	124	4	raises	raise	VERB
eistud-25803	124	5	trade	trade	NOUN
eistud-25803	124	6	linkages	linkage	NOUN
eistud-25803	124	7	among	among	ADP
eistud-25803	124	8	the	the	DET
eistud-25803	124	9	countries	country	NOUN
eistud-25803	124	10	and	and	CCONJ
eistud-25803	124	11	this	this	PRON
eistud-25803	124	12	causes	cause	VERB
eistud-25803	124	13	the	the	DET
eistud-25803	124	14	business	business	NOUN
eistud-25803	124	15	cycle	cycle	NOUN
eistud-25803	124	16	to	to	PART
eistud-25803	124	17	be	be	AUX
eistud-25803	124	18	more	more	ADV
eistud-25803	124	19	symmetric	symmetric	ADJ
eistud-25803	124	20	among	among	ADP
eistud-25803	124	21	the	the	DET
eistud-25803	124	22	participants	participant	NOUN
eistud-25803	124	23	of	of	ADP
eistud-25803	124	24	the	the	DET
eistud-25803	124	25	union	union	NOUN
eistud-25803	124	26	.	.	PUNCT
eistud-25803	125	1	the	the	DET
eistud-25803	125	2	arguments	argument	NOUN
eistud-25803	125	3	of	of	ADP
eistud-25803	125	4	frankel	frankel	NOUN
eistud-25803	125	5	and	and	CCONJ
eistud-25803	125	6	rose	rise	VERB
eistud-25803	125	7	(	(	PUNCT
eistud-25803	125	8	1998	1998	NUM
eistud-25803	125	9	)	)	PUNCT
eistud-25803	125	10	lead	lead	VERB
eistud-25803	125	11	to	to	ADP
eistud-25803	125	12	a	a	DET
eistud-25803	125	13	conclusion	conclusion	NOUN
eistud-25803	125	14	that	that	SCONJ
eistud-25803	125	15	the	the	DET
eistud-25803	125	16	costs	cost	NOUN
eistud-25803	125	17	of	of	ADP
eistud-25803	125	18	implementing	implement	VERB
eistud-25803	125	19	common	common	ADJ
eistud-25803	125	20	currency	currency	NOUN
eistud-25803	125	21	are	be	AUX
eistud-25803	125	22	relatively	relatively	ADV
eistud-25803	125	23	low	low	ADJ
eistud-25803	125	24	.	.	PUNCT
eistud-25803	126	1	however	however	ADV
eistud-25803	126	2	,	,	PUNCT
eistud-25803	126	3	there	there	PRON
eistud-25803	126	4	are	be	VERB
eistud-25803	126	5	some	some	DET
eistud-25803	126	6	doubts	doubt	NOUN
eistud-25803	126	7	on	on	ADP
eistud-25803	126	8	the	the	DET
eistud-25803	126	9	validity	validity	NOUN
eistud-25803	126	10	of	of	ADP
eistud-25803	126	11	the	the	DET
eistud-25803	126	12	endogenous	endogenous	ADJ
eistud-25803	126	13	oca	oca	NOUN
eistud-25803	126	14	criteria	criterion	NOUN
eistud-25803	126	15	.	.	PUNCT
eistud-25803	127	1	in	in	ADP
eistud-25803	127	2	a	a	DET
eistud-25803	127	3	theoretical	theoretical	ADJ
eistud-25803	127	4	model	model	NOUN
eistud-25803	127	5	hallett	hallett	PROPN
eistud-25803	127	6	and	and	CCONJ
eistud-25803	127	7	piscitelli	piscitelli	ADV
eistud-25803	127	8	(	(	PUNCT
eistud-25803	127	9	2001	2001	NUM
eistud-25803	127	10	)	)	PUNCT
eistud-25803	127	11	show	show	VERB
eistud-25803	127	12	that	that	SCONJ
eistud-25803	127	13	the	the	DET
eistud-25803	127	14	validity	validity	NOUN
eistud-25803	127	15	of	of	ADP
eistud-25803	127	16	endogenous	endogenous	ADJ
eistud-25803	127	17	oca	oca	NOUN
eistud-25803	127	18	hypothesis	hypothesis	NOUN
eistud-25803	127	19	is	be	AUX
eistud-25803	127	20	uncertain	uncertain	ADJ
eistud-25803	127	21	and	and	CCONJ
eistud-25803	127	22	dependent	dependent	ADJ
eistud-25803	127	23	to	to	ADP
eistud-25803	127	24	a	a	DET
eistud-25803	127	25	large	large	ADJ
eistud-25803	127	26	extent	extent	NOUN
eistud-25803	127	27	on	on	ADP
eistud-25803	127	28	the	the	DET
eistud-25803	127	29	structural	structural	ADJ
eistud-25803	127	30	convergence	convergence	NOUN
eistud-25803	127	31	in	in	ADP
eistud-25803	127	32	the	the	DET
eistud-25803	127	33	beginning	begin	VERB
eistud-25803	127	34	phase	phase	NOUN
eistud-25803	127	35	of	of	ADP
eistud-25803	127	36	the	the	DET
eistud-25803	127	37	monetary	monetary	ADJ
eistud-25803	127	38	union	union	NOUN
eistud-25803	127	39	.	.	PUNCT
eistud-25803	128	1	without	without	ADP
eistud-25803	128	2	the	the	DET
eistud-25803	128	3	suffi	suffi	PROPN
eistud-25803	128	4	cient	cient	NOUN
eistud-25803	128	5	structural	structural	ADJ
eistud-25803	128	6	convergence	convergence	NOUN
eistud-25803	128	7	,	,	PUNCT
eistud-25803	128	8	implementing	implement	VERB
eistud-25803	128	9	common	common	ADJ
eistud-25803	128	10	currency	currency	NOUN
eistud-25803	128	11	would	would	AUX
eistud-25803	128	12	cause	cause	VERB
eistud-25803	128	13	greater	great	ADJ
eistud-25803	128	14	divergence	divergence	NOUN
eistud-25803	128	15	(	(	PUNCT
eistud-25803	128	16	komarek	komarek	NOUN
eistud-25803	128	17	,	,	PUNCT
eistud-25803	128	18	cech	cech	PROPN
eistud-25803	128	19	,	,	PUNCT
eistud-25803	128	20	horvath	horvath	PROPN
eistud-25803	128	21	2003	2003	NUM
eistud-25803	128	22	)	)	PUNCT
eistud-25803	128	23	.	.	PUNCT
eistud-25803	129	1	countries	country	NOUN
eistud-25803	129	2	experiencing	experience	VERB
eistud-25803	129	3	symmetric	symmetric	ADJ
eistud-25803	129	4	shocks	shock	NOUN
eistud-25803	129	5	or	or	CCONJ
eistud-25803	129	6	high	high	ADJ
eistud-25803	129	7	trade	trade	NOUN
eistud-25803	129	8	linkages	linkage	NOUN
eistud-25803	129	9	tend	tend	VERB
eistud-25803	129	10	to	to	PART
eistud-25803	129	11	have	have	VERB
eistud-25803	129	12	stable	stable	ADJ
eistud-25803	129	13	exchange	exchange	NOUN
eistud-25803	129	14	rates	rate	NOUN
eistud-25803	129	15	.	.	PUNCT
eistud-25803	130	1	in	in	ADP
eistud-25803	130	2	other	other	ADJ
eistud-25803	130	3	words	word	NOUN
eistud-25803	130	4	the	the	PRON
eistud-25803	130	5	more	more	ADV
eistud-25803	130	6	the	the	DET
eistud-25803	130	7	oca	oca	NOUN
eistud-25803	130	8	criteria	criterion	NOUN
eistud-25803	130	9	among	among	ADP
eistud-25803	130	10	the	the	DET
eistud-25803	130	11	countries	country	NOUN
eistud-25803	130	12	are	be	AUX
eistud-25803	130	13	fulfi	fulfi	NOUN
eistud-25803	130	14	lled	lle	VERB
eistud-25803	130	15	,	,	PUNCT
eistud-25803	130	16	the	the	DET
eistud-25803	130	17	lower	low	ADJ
eistud-25803	130	18	should	should	AUX
eistud-25803	130	19	be	be	AUX
eistud-25803	130	20	the	the	DET
eistud-25803	130	21	exchange	exchange	NOUN
eistud-25803	130	22	rates	rate	NOUN
eistud-25803	130	23	variability	variability	NOUN
eistud-25803	130	24	among	among	ADP
eistud-25803	130	25	considered	consider	VERB
eistud-25803	130	26	countries	country	NOUN
eistud-25803	130	27	.	.	PUNCT
eistud-25803	131	1	under	under	ADP
eistud-25803	131	2	this	this	DET
eistud-25803	131	3	assumption	assumption	NOUN
eistud-25803	131	4	the	the	DET
eistud-25803	131	5	exchange	exchange	NOUN
eistud-25803	131	6	rate	rate	NOUN
eistud-25803	131	7	variability	variability	NOUN
eistud-25803	131	8	could	could	AUX
eistud-25803	131	9	be	be	AUX
eistud-25803	131	10	estimated	estimate	VERB
eistud-25803	131	11	by	by	ADP
eistud-25803	131	12	the	the	DET
eistud-25803	131	13	equation	equation	NOUN
eistud-25803	131	14	:	:	PUNCT
eistud-25803	131	15	sd(e	sd(e	X
eistud-25803	131	16	ij	ij	INTJ
eistud-25803	131	17	)	)	PUNCT
eistud-25803	131	18	=	=	PUNCT
eistud-25803	132	1	a	a	DET
eistud-25803	132	2	+	+	NUM
eistud-25803	132	3	1	1	NUM
eistud-25803	132	4	sd	sd	NOUN
eistud-25803	132	5	(	(	PUNCT
eistud-25803	132	6	y	y	NOUN
eistud-25803	132	7	i	i	PROPN
eistud-25803	132	8	–	–	PUNCT
eistud-25803	132	9	y	y	PROPN
eistud-25803	132	10	j	j	PROPN
eistud-25803	132	11	)	)	PUNCT
eistud-25803	133	1	+	+	PUNCT
eistud-25803	133	2	+	+	SYM
eistud-25803	133	3	2	2	NUM
eistud-25803	133	4	disim	disim	NOUN
eistud-25803	133	5	ij	ij	NOUN
eistud-25803	133	6	+	+	CCONJ
eistud-25803	133	7	3	3	NUM
eistud-25803	133	8	trade	trade	NOUN
eistud-25803	133	9	ij	ij	NOUN
eistud-25803	133	10	+	+	CCONJ
eistud-25803	133	11	4	4	NUM
eistud-25803	133	12	size	size	NOUN
eistud-25803	133	13	ij	ij	X
eistud-25803	133	14	(	(	PUNCT
eistud-25803	133	15	1	1	NUM
eistud-25803	133	16	)	)	PUNCT
eistud-25803	133	17	sd(e	sd(e	NOUN
eistud-25803	133	18	ij	ij	INTJ
eistud-25803	133	19	)	)	PUNCT
eistud-25803	133	20	measures	measure	NOUN
eistud-25803	133	21	the	the	DET
eistud-25803	133	22	volatility	volatility	NOUN
eistud-25803	133	23	of	of	ADP
eistud-25803	133	24	bilateral	bilateral	ADJ
eistud-25803	133	25	nominal	nominal	ADJ
eistud-25803	133	26	exchange	exchange	NOUN
eistud-25803	133	27	rates	rate	NOUN
eistud-25803	133	28	,	,	PUNCT
eistud-25803	133	29	sd	sd	NOUN
eistud-25803	133	30	(	(	PUNCT
eistud-25803	133	31	y	y	NOUN
eistud-25803	133	32	i	i	PROPN
eistud-25803	133	33	–	–	PUNCT
eistud-25803	133	34	y	y	PROPN
eistud-25803	133	35	j	j	PROPN
eistud-25803	133	36	)	)	PUNCT
eistud-25803	133	37	captures	capture	VERB
eistud-25803	133	38	the	the	DET
eistud-25803	133	39	asymmetric	asymmetric	ADJ
eistud-25803	133	40	shocks	shock	NOUN
eistud-25803	133	41	at	at	ADP
eistud-25803	133	42	national	national	ADJ
eistud-25803	133	43	level	level	NOUN
eistud-25803	133	44	,	,	PUNCT
eistud-25803	133	45	trade	trade	NOUN
eistud-25803	133	46	ij	ij	NOUN
eistud-25803	133	47	is	be	AUX
eistud-25803	133	48	the	the	DET
eistud-25803	133	49	proxy	proxy	NOUN
eistud-25803	133	50	for	for	ADP
eistud-25803	133	51	intensity	intensity	NOUN
eistud-25803	133	52	of	of	ADP
eistud-25803	133	53	trade	trade	NOUN
eistud-25803	133	54	linkages	linkage	NOUN
eistud-25803	133	55	,	,	PUNCT
eistud-25803	133	56	disim	disim	NOUN
eistud-25803	133	57	ij	ij	NOUN
eistud-25803	133	58	assesses	assess	VERB
eistud-25803	133	59	the	the	DET
eistud-25803	133	60	asymmetric	asymmetric	ADJ
eistud-25803	133	61	shocks	shock	NOUN
eistud-25803	133	62	at	at	ADP
eistud-25803	133	63	industrial	industrial	ADJ
eistud-25803	133	64	level	level	NOUN
eistud-25803	133	65	and	and	CCONJ
eistud-25803	133	66	size	size	NOUN
eistud-25803	133	67	ij	ij	NOUN
eistud-25803	133	68	measure	measure	NOUN
eistud-25803	133	69	the	the	DET
eistud-25803	133	70	size	size	NOUN
eistud-25803	133	71	of	of	ADP
eistud-25803	133	72	the	the	DET
eistud-25803	133	73	economy	economy	NOUN
eistud-25803	133	74	and	and	CCONJ
eistud-25803	133	75	assess	assess	VERB
eistud-25803	133	76	utility	utility	NOUN
eistud-25803	133	77	from	from	ADP
eistud-25803	133	78	maintaining	maintain	VERB
eistud-25803	133	79	own	own	ADJ
eistud-25803	133	80	currency	currency	NOUN
eistud-25803	133	81	(	(	PUNCT
eistud-25803	133	82	horvath	horvath	PROPN
eistud-25803	133	83	and	and	CCONJ
eistud-25803	133	84	komarek	komarek	PROPN
eistud-25803	133	85	2003	2003	NUM
eistud-25803	133	86	)	)	PUNCT
eistud-25803	133	87	.	.	PUNCT
eistud-25803	134	1	these	these	DET
eistud-25803	134	2	four	four	NUM
eistud-25803	134	3	variables	variable	NOUN
eistud-25803	134	4	represent	represent	VERB
eistud-25803	134	5	basic	basic	ADJ
eistud-25803	134	6	oca	oca	NOUN
eistud-25803	134	7	criteria	criterion	NOUN
eistud-25803	134	8	and	and	CCONJ
eistud-25803	134	9	it	it	PRON
eistud-25803	134	10	is	be	AUX
eistud-25803	134	11	believed	believe	VERB
eistud-25803	134	12	that	that	SCONJ
eistud-25803	134	13	the	the	PRON
eistud-25803	134	14	lower	low	ADJ
eistud-25803	134	15	the	the	DET
eistud-25803	134	16	volatility	volatility	NOUN
eistud-25803	134	17	of	of	ADP
eistud-25803	134	18	exchange	exchange	NOUN
eistud-25803	134	19	rates	rate	NOUN
eistud-25803	134	20	is	be	AUX
eistud-25803	134	21	among	among	ADP
eistud-25803	134	22	countries	country	NOUN
eistud-25803	134	23	,	,	PUNCT
eistud-25803	134	24	the	the	PRON
eistud-25803	134	25	more	more	ADV
eistud-25803	134	26	they	they	PRON
eistud-25803	134	27	are	be	AUX
eistud-25803	134	28	prepared	prepared	ADJ
eistud-25803	134	29	to	to	PART
eistud-25803	134	30	join	join	VERB
eistud-25803	134	31	the	the	DET
eistud-25803	134	32	monetary	monetary	ADJ
eistud-25803	134	33	union	union	NOUN
eistud-25803	134	34	.	.	PUNCT
eistud-25803	135	1	112	112	NUM
eistud-25803	135	2	issn	issn	PROPN
eistud-25803	135	3	1822	1822	NUM
eistud-25803	135	4	-	-	SYM
eistud-25803	135	5	8402	8402	NUM
eistud-25803	135	6	european	european	ADJ
eistud-25803	135	7	integration	integration	NOUN
eistud-25803	135	8	studies	study	NOUN
eistud-25803	135	9	.	.	PUNCT
eistud-25803	135	10	2008	2008	NUM
eistud-25803	135	11	.	.	PUNCT
eistud-25803	136	1	no	no	DET
eistud-25803	136	2	2	2	NUM
eistud-25803	136	3	bayoumi	bayoumi	NOUN
eistud-25803	136	4	and	and	CCONJ
eistud-25803	136	5	eichengreen	eichengreen	NOUN
eistud-25803	136	6	(	(	PUNCT
eistud-25803	136	7	1998	1998	NUM
eistud-25803	136	8	)	)	PUNCT
eistud-25803	136	9	suggest	suggest	VERB
eistud-25803	136	10	how	how	SCONJ
eistud-25803	136	11	to	to	PART
eistud-25803	136	12	calculate	calculate	VERB
eistud-25803	136	13	relevant	relevant	ADJ
eistud-25803	136	14	variables	variable	NOUN
eistud-25803	136	15	:	:	PUNCT
eistud-25803	136	16	”	"	PUNCT
eistud-25803	136	17	where	where	SCONJ
eistud-25803	136	18	sd(e	sd(e	X
eistud-25803	136	19	ij	ij	NOUN
eistud-25803	136	20	)	)	PUNCT
eistud-25803	136	21	is	be	AUX
eistud-25803	136	22	the	the	DET
eistud-25803	136	23	standard	standard	ADJ
eistud-25803	136	24	deviation	deviation	NOUN
eistud-25803	136	25	of	of	ADP
eistud-25803	136	26	the	the	DET
eistud-25803	136	27	change	change	NOUN
eistud-25803	136	28	in	in	ADP
eistud-25803	136	29	the	the	DET
eistud-25803	136	30	logarithm	logarithm	NOUN
eistud-25803	136	31	of	of	ADP
eistud-25803	136	32	the	the	DET
eistud-25803	136	33	end	end	NOUN
eistud-25803	136	34	year	year	NOUN
eistud-25803	136	35	bilateral	bilateral	ADJ
eistud-25803	136	36	exchange	exchange	NOUN
eistud-25803	136	37	rate	rate	NOUN
eistud-25803	136	38	between	between	ADP
eistud-25803	136	39	countries	country	NOUN
eistud-25803	136	40	i	i	PRON
eistud-25803	136	41	and	and	CCONJ
eistud-25803	136	42	j	j	PROPN
eistud-25803	136	43	,	,	PUNCT
eistud-25803	136	44	sd	sd	PROPN
eistud-25803	136	45	(	(	PUNCT
eistud-25803	136	46	y	y	NOUN
eistud-25803	136	47	i	i	PROPN
eistud-25803	136	48	–	–	PUNCT
eistud-25803	136	49	y	y	PROPN
eistud-25803	136	50	j	j	PROPN
eistud-25803	136	51	)	)	PUNCT
eistud-25803	136	52	is	be	AUX
eistud-25803	136	53	the	the	DET
eistud-25803	136	54	standard	standard	ADJ
eistud-25803	136	55	deviation	deviation	NOUN
eistud-25803	136	56	of	of	ADP
eistud-25803	136	57	the	the	DET
eistud-25803	136	58	difference	difference	NOUN
eistud-25803	136	59	in	in	ADP
eistud-25803	136	60	the	the	DET
eistud-25803	136	61	logarithm	logarithm	NOUN
eistud-25803	136	62	of	of	ADP
eistud-25803	136	63	real	real	ADJ
eistud-25803	136	64	output	output	NOUN
eistud-25803	136	65	between	between	ADP
eistud-25803	136	66	i	i	PROPN
eistud-25803	136	67	and	and	CCONJ
eistud-25803	136	68	j	j	PROPN
eistud-25803	136	69	,	,	PUNCT
eistud-25803	136	70	disim	disim	NOUN
eistud-25803	136	71	ij	ij	NOUN
eistud-25803	136	72	is	be	AUX
eistud-25803	136	73	the	the	DET
eistud-25803	136	74	sum	sum	NOUN
eistud-25803	136	75	of	of	ADP
eistud-25803	136	76	the	the	DET
eistud-25803	136	77	absolute	absolute	ADJ
eistud-25803	136	78	differences	difference	NOUN
eistud-25803	136	79	in	in	ADP
eistud-25803	136	80	the	the	DET
eistud-25803	136	81	shares	share	NOUN
eistud-25803	136	82	of	of	ADP
eistud-25803	136	83	agricultural	agricultural	ADJ
eistud-25803	136	84	,	,	PUNCT
eistud-25803	136	85	mineral	mineral	NOUN
eistud-25803	136	86	,	,	PUNCT
eistud-25803	136	87	and	and	CCONJ
eistud-25803	136	88	manufacturing	manufacture	VERB
eistud-25803	136	89	trade	trade	NOUN
eistud-25803	136	90	in	in	ADP
eistud-25803	136	91	total	total	ADJ
eistud-25803	136	92	merchandise	merchandise	NOUN
eistud-25803	136	93	trade	trade	NOUN
eistud-25803	136	94	,	,	PUNCT
eistud-25803	136	95	trade	trade	NOUN
eistud-25803	136	96	ij	ij	NOUN
eistud-25803	136	97	is	be	AUX
eistud-25803	136	98	the	the	DET
eistud-25803	136	99	mean	mean	NOUN
eistud-25803	136	100	of	of	ADP
eistud-25803	136	101	the	the	DET
eistud-25803	136	102	ratio	ratio	NOUN
eistud-25803	136	103	of	of	ADP
eistud-25803	136	104	bilateral	bilateral	ADJ
eistud-25803	136	105	exports	export	NOUN
eistud-25803	136	106	to	to	ADP
eistud-25803	136	107	domestic	domestic	ADJ
eistud-25803	136	108	gdp	gdp	NOUN
eistud-25803	136	109	for	for	ADP
eistud-25803	136	110	the	the	DET
eistud-25803	136	111	two	two	NUM
eistud-25803	136	112	countries	country	NOUN
eistud-25803	136	113	,	,	PUNCT
eistud-25803	136	114	and	and	CCONJ
eistud-25803	136	115	size	size	NOUN
eistud-25803	136	116	ij	ij	NOUN
eistud-25803	136	117	is	be	AUX
eistud-25803	136	118	the	the	DET
eistud-25803	136	119	mean	mean	NOUN
eistud-25803	136	120	of	of	ADP
eistud-25803	136	121	the	the	DET
eistud-25803	136	122	logarithm	logarithm	NOUN
eistud-25803	136	123	of	of	ADP
eistud-25803	136	124	the	the	DET
eistud-25803	136	125	two	two	NUM
eistud-25803	136	126	gdp	gdp	NOUN
eistud-25803	136	127	’s	’s	NOUN
eistud-25803	136	128	measured	measure	VERB
eistud-25803	136	129	in	in	ADP
eistud-25803	136	130	u.s	u.s	PROPN
eistud-25803	136	131	.	.	PROPN
eistud-25803	136	132	dollars”8	dollars”8	PROPN
eistud-25803	136	133	(	(	PUNCT
eistud-25803	136	134	eichengreen	eichengreen	NOUN
eistud-25803	136	135	and	and	CCONJ
eistud-25803	136	136	bayoumi	bayoumi	NOUN
eistud-25803	136	137	2006	2006	NUM
eistud-25803	136	138	)	)	PUNCT
eistud-25803	136	139	.	.	PUNCT
eistud-25803	137	1	when	when	SCONJ
eistud-25803	137	2	calculating	calculate	VERB
eistud-25803	137	3	variable	variable	ADJ
eistud-25803	137	4	sd(e	sd(e	NOUN
eistud-25803	137	5	ij	ij	INTJ
eistud-25803	137	6	)	)	PUNCT
eistud-25803	137	7	horvath	horvath	PROPN
eistud-25803	137	8	(	(	PUNCT
eistud-25803	137	9	1990	1990	NUM
eistud-25803	137	10	)	)	PUNCT
eistud-25803	137	11	uses	use	VERB
eistud-25803	137	12	data	datum	NOUN
eistud-25803	137	13	from	from	ADP
eistud-25803	137	14	ifs	ifs	PROPN
eistud-25803	137	15	-	-	PUNCT
eistud-25803	137	16	imf9	imf9	PROPN
eistud-25803	137	17	,	,	PUNCT
eistud-25803	137	18	the	the	DET
eistud-25803	137	19	data	datum	NOUN
eistud-25803	137	20	for	for	ADP
eistud-25803	137	21	sd	sd	NOUN
eistud-25803	137	22	(	(	PUNCT
eistud-25803	137	23	y	y	NOUN
eistud-25803	137	24	i	i	PROPN
eistud-25803	137	25	–	–	PUNCT
eistud-25803	137	26	y	y	PROPN
eistud-25803	137	27	j	j	PROPN
eistud-25803	137	28	)	)	PUNCT
eistud-25803	137	29	were	be	AUX
eistud-25803	137	30	calculated	calculate	VERB
eistud-25803	137	31	from	from	ADP
eistud-25803	137	32	world	world	PROPN
eistud-25803	137	33	bank	bank	PROPN
eistud-25803	137	34	,	,	PUNCT
eistud-25803	137	35	trade	trade	NOUN
eistud-25803	137	36	ij	ij	NOUN
eistud-25803	137	37	was	be	AUX
eistud-25803	137	38	calculated	calculate	VERB
eistud-25803	137	39	using	use	VERB
eistud-25803	137	40	the	the	DET
eistud-25803	137	41	data	datum	NOUN
eistud-25803	137	42	from	from	ADP
eistud-25803	137	43	directions	direction	NOUN
eistud-25803	137	44	of	of	ADP
eistud-25803	137	45	trade	trade	NOUN
eistud-25803	137	46	–	–	PUNCT
eistud-25803	137	47	imf	imf	PROPN
eistud-25803	137	48	and	and	CCONJ
eistud-25803	137	49	world	world	PROPN
eistud-25803	137	50	bank	bank	PROPN
eistud-25803	137	51	,	,	PUNCT
eistud-25803	137	52	variable	variable	ADJ
eistud-25803	137	53	disim	disim	NOUN
eistud-25803	137	54	ij	ij	NOUN
eistud-25803	137	55	was	be	AUX
eistud-25803	137	56	calculated	calculate	VERB
eistud-25803	137	57	with	with	ADP
eistud-25803	137	58	the	the	DET
eistud-25803	137	59	use	use	NOUN
eistud-25803	137	60	of	of	ADP
eistud-25803	137	61	the	the	DET
eistud-25803	137	62	data	datum	NOUN
eistud-25803	137	63	from	from	ADP
eistud-25803	137	64	monthly	monthly	ADJ
eistud-25803	137	65	statistics	statistic	NOUN
eistud-25803	137	66	of	of	ADP
eistud-25803	137	67	foreign	foreign	ADJ
eistud-25803	137	68	trade	trade	NOUN
eistud-25803	137	69	oecd	oecd	NOUN
eistud-25803	137	70	and	and	CCONJ
eistud-25803	137	71	size	size	NOUN
eistud-25803	137	72	ij	ij	NOUN
eistud-25803	137	73	from	from	ADP
eistud-25803	137	74	the	the	DET
eistud-25803	137	75	world	world	PROPN
eistud-25803	137	76	bank	bank	PROPN
eistud-25803	137	77	data	datum	NOUN
eistud-25803	137	78	.	.	PUNCT
eistud-25803	138	1	when	when	SCONJ
eistud-25803	138	2	putting	put	VERB
eistud-25803	138	3	together	together	ADV
eistud-25803	138	4	the	the	DET
eistud-25803	138	5	data	data	NOUN
eistud-25803	138	6	matrix	matrix	NOUN
eistud-25803	138	7	horvath	horvath	PROPN
eistud-25803	138	8	followed	follow	VERB
eistud-25803	138	9	the	the	DET
eistud-25803	138	10	advice	advice	NOUN
eistud-25803	138	11	of	of	ADP
eistud-25803	138	12	bayoumi	bayoumi	NOUN
eistud-25803	138	13	and	and	CCONJ
eistud-25803	138	14	eichengreen	eichengreen	NOUN
eistud-25803	138	15	(	(	PUNCT
eistud-25803	138	16	1997	1997	NUM
eistud-25803	138	17	and	and	CCONJ
eistud-25803	138	18	1998	1998	NUM
eistud-25803	138	19	)	)	PUNCT
eistud-25803	138	20	,	,	PUNCT
eistud-25803	138	21	this	this	PRON
eistud-25803	138	22	allowed	allow	VERB
eistud-25803	138	23	him	he	PRON
eistud-25803	138	24	to	to	PART
eistud-25803	138	25	compare	compare	VERB
eistud-25803	138	26	the	the	DET
eistud-25803	138	27	results	result	NOUN
eistud-25803	138	28	for	for	ADP
eistud-25803	138	29	different	different	ADJ
eistud-25803	138	30	time	time	NOUN
eistud-25803	138	31	periods	period	NOUN
eistud-25803	138	32	.	.	PUNCT
eistud-25803	139	1	bayoumi	bayoumi	NOUN
eistud-25803	139	2	and	and	CCONJ
eistud-25803	139	3	eichengreen	eichengreen	NOUN
eistud-25803	139	4	(	(	PUNCT
eistud-25803	139	5	1997	1997	NUM
eistud-25803	139	6	and	and	CCONJ
eistud-25803	139	7	1998	1998	NUM
eistud-25803	139	8	)	)	PUNCT
eistud-25803	139	9	fi	fi	NOUN
eistud-25803	139	10	nd	nd	ADP
eistud-25803	139	11	little	little	ADJ
eistud-25803	139	12	evidence	evidence	NOUN
eistud-25803	139	13	that	that	SCONJ
eistud-25803	139	14	more	more	ADV
eistud-25803	139	15	open	open	ADJ
eistud-25803	139	16	economy	economy	NOUN
eistud-25803	139	17	tends	tend	VERB
eistud-25803	139	18	to	to	PART
eistud-25803	139	19	fi	fi	VERB
eistud-25803	139	20	x	x	NOUN
eistud-25803	139	21	its	its	PRON
eistud-25803	139	22	currency	currency	NOUN
eistud-25803	139	23	.	.	PUNCT
eistud-25803	140	1	the	the	DET
eistud-25803	140	2	analysis	analysis	NOUN
eistud-25803	140	3	takes	take	VERB
eistud-25803	140	4	into	into	ADP
eistud-25803	140	5	account	account	NOUN
eistud-25803	140	6	all	all	DET
eistud-25803	140	7	the	the	DET
eistud-25803	140	8	relationships	relationship	NOUN
eistud-25803	140	9	between	between	ADP
eistud-25803	140	10	each	each	PRON
eistud-25803	140	11	of	of	ADP
eistud-25803	140	12	the	the	DET
eistud-25803	140	13	economies	economy	NOUN
eistud-25803	140	14	.	.	PUNCT
eistud-25803	141	1	the	the	DET
eistud-25803	141	2	expected	expect	VERB
eistud-25803	141	3	signs	sign	NOUN
eistud-25803	141	4	of	of	ADP
eistud-25803	141	5	explanatory	explanatory	ADJ
eistud-25803	141	6	variables	variable	NOUN
eistud-25803	141	7	are	be	AUX
eistud-25803	141	8	as	as	SCONJ
eistud-25803	141	9	follows	follow	VERB
eistud-25803	141	10	:	:	PUNCT
eistud-25803	141	11	the	the	DET
eistud-25803	141	12	exchange	exchange	NOUN
eistud-25803	141	13	rate	rate	NOUN
eistud-25803	141	14	volatility	volatility	NOUN
eistud-25803	141	15	is	be	AUX
eistud-25803	141	16	expected	expect	VERB
eistud-25803	141	17	to	to	PART
eistud-25803	141	18	depend	depend	VERB
eistud-25803	141	19	positively	positively	ADV
eistud-25803	141	20	on	on	ADP
eistud-25803	141	21	business	business	NOUN
eistud-25803	141	22	cycle	cycle	NOUN
eistud-25803	141	23	,	,	PUNCT
eistud-25803	141	24	dissimilarity	dissimilarity	NOUN
eistud-25803	141	25	in	in	ADP
eistud-25803	141	26	the	the	DET
eistud-25803	141	27	commodity	commodity	NOUN
eistud-25803	141	28	structure	structure	NOUN
eistud-25803	141	29	of	of	ADP
eistud-25803	141	30	export	export	NOUN
eistud-25803	141	31	,	,	PUNCT
eistud-25803	141	32	and	and	CCONJ
eistud-25803	141	33	negatively	negatively	ADV
eistud-25803	141	34	on	on	ADP
eistud-25803	141	35	the	the	DET
eistud-25803	141	36	trade	trade	NOUN
eistud-25803	141	37	linkages	linkage	NOUN
eistud-25803	141	38	.	.	PUNCT
eistud-25803	142	1	the	the	DET
eistud-25803	142	2	expected	expect	VERB
eistud-25803	142	3	sign	sign	NOUN
eistud-25803	142	4	of	of	ADP
eistud-25803	142	5	the	the	DET
eistud-25803	142	6	openness	openness	NOUN
eistud-25803	142	7	is	be	AUX
eistud-25803	142	8	theoretically	theoretically	ADV
eistud-25803	142	9	indeterminate	indeterminate	ADJ
eistud-25803	142	10	(	(	PUNCT
eistud-25803	142	11	horvath	horvath	PROPN
eistud-25803	142	12	2003	2003	NUM
eistud-25803	142	13	)	)	PUNCT
eistud-25803	142	14	.	.	PUNCT
eistud-25803	143	1	the	the	DET
eistud-25803	143	2	alternative	alternative	ADJ
eistud-25803	143	3	tool	tool	NOUN
eistud-25803	143	4	to	to	PART
eistud-25803	143	5	estimate	estimate	VERB
eistud-25803	143	6	the	the	DET
eistud-25803	143	7	criteria	criterion	NOUN
eistud-25803	143	8	of	of	ADP
eistud-25803	143	9	optimum	optimum	ADJ
eistud-25803	143	10	currency	currency	NOUN
eistud-25803	143	11	area	area	NOUN
eistud-25803	143	12	functioning	function	VERB
eistud-25803	143	13	is	be	AUX
eistud-25803	143	14	theil	theil	PROPN
eistud-25803	143	15	’s	’s	PART
eistud-25803	143	16	inequality	inequality	PROPN
eistud-25803	143	17	index	index	NOUN
eistud-25803	143	18	which	which	PRON
eistud-25803	143	19	is	be	AUX
eistud-25803	143	20	simpler	simple	ADJ
eistud-25803	143	21	and	and	CCONJ
eistud-25803	143	22	clearer	clear	ADJ
eistud-25803	143	23	than	than	ADP
eistud-25803	143	24	oca	oca	NOUN
eistud-25803	143	25	index	index	PROPN
eistud-25803	143	26	.	.	PUNCT
eistud-25803	144	1	theil	theil	PROPN
eistud-25803	144	2	’s	’s	PART
eistud-25803	144	3	inequality	inequality	PROPN
eistud-25803	144	4	index	index	NOUN
eistud-25803	144	5	(	(	PUNCT
eistud-25803	144	6	theil	theil	PROPN
eistud-25803	144	7	1961	1961	NUM
eistud-25803	144	8	)	)	PUNCT
eistud-25803	144	9	is	be	AUX
eistud-25803	144	10	a	a	DET
eistud-25803	144	11	measure	measure	NOUN
eistud-25803	144	12	of	of	ADP
eistud-25803	144	13	the	the	DET
eistud-25803	144	14	degree	degree	NOUN
eistud-25803	144	15	to	to	PART
eistud-25803	144	16	which	which	PRON
eistud-25803	144	17	one	one	NUM
eistud-25803	144	18	time	time	NOUN
eistud-25803	144	19	series	series	NOUN
eistud-25803	144	20	(	(	PUNCT
eistud-25803	144	21	x	x	PROPN
eistud-25803	144	22	i	i	PROPN
eistud-25803	144	23	)	)	PUNCT
eistud-25803	144	24	differs	differ	VERB
eistud-25803	144	25	from	from	ADP
eistud-25803	144	26	another	another	PRON
eistud-25803	144	27	(	(	PUNCT
eistud-25803	144	28	y	y	NOUN
eistud-25803	144	29	i	i	PROPN
eistud-25803	144	30	)	)	PUNCT
eistud-25803	144	31	.	.	PUNCT
eistud-25803	145	1	the	the	DET
eistud-25803	145	2	index	index	NOUN
eistud-25803	145	3	is	be	AUX
eistud-25803	145	4	computed	compute	VERB
eistud-25803	145	5	as	as	ADP
eistud-25803	145	6	2	2	NUM
eistud-25803	145	7	2	2	NUM
eistud-25803	145	8	2	2	NUM
eistud-25803	145	9	1	1	NUM
eistud-25803	145	10	(	(	PUNCT
eistud-25803	145	11	)	)	PUNCT
eistud-25803	145	12	1	1	NUM
eistud-25803	145	13	1	1	NUM
eistud-25803	146	1	i	i	PRON
eistud-25803	146	2	i	i	PRON
eistud-25803	147	1	i	i	PRON
eistud-25803	148	1	i	i	VERB
eistud-25803	148	2	x	x	VERB
eistud-25803	149	1	y	y	VERB
eistud-25803	149	2	n	n	CCONJ
eistud-25803	149	3	u	u	NOUN
eistud-25803	149	4	x	x	PROPN
eistud-25803	149	5	y	y	PROPN
eistud-25803	149	6	n	n	CCONJ
eistud-25803	149	7	n	n	CCONJ
eistud-25803	149	8	(	(	PUNCT
eistud-25803	149	9	2	2	X
eistud-25803	149	10	)	)	PUNCT
eistud-25803	149	11	the	the	DET
eistud-25803	149	12	score	score	NOUN
eistud-25803	149	13	returned	return	VERB
eistud-25803	149	14	by	by	ADP
eistud-25803	149	15	the	the	DET
eistud-25803	149	16	theil	theil	NOUN
eistud-25803	149	17	this	this	DET
eistud-25803	149	18	test	test	NOUN
eistud-25803	149	19	is	be	AUX
eistud-25803	149	20	1	1	NUM
eistud-25803	149	21	–	–	PUNCT
eistud-25803	149	22	u	u	NOUN
eistud-25803	149	23	for	for	ADP
eistud-25803	149	24	consistency	consistency	NOUN
eistud-25803	149	25	.	.	PUNCT
eistud-25803	150	1	u	u	NOUN
eistud-25803	150	2	varies	vary	VERB
eistud-25803	150	3	from	from	ADP
eistud-25803	150	4	0	0	NUM
eistud-25803	150	5	to	to	ADP
eistud-25803	150	6	1	1	NUM
eistud-25803	150	7	with	with	ADP
eistud-25803	150	8	1	1	NUM
eistud-25803	150	9	meaning	mean	VERB
eistud-25803	150	10	maximum	maximum	ADJ
eistud-25803	150	11	disagreement	disagreement	NOUN
eistud-25803	150	12	.	.	PUNCT
eistud-25803	151	1	the	the	DET
eistud-25803	151	2	theil	theil	PROPN
eistud-25803	151	3	’s	’s	PART
eistud-25803	151	4	test	test	NOUN
eistud-25803	151	5	performs	perform	VERB
eistud-25803	151	6	a	a	DET
eistud-25803	151	7	point	point	NOUN
eistud-25803	151	8	-	-	PUNCT
eistud-25803	151	9	by	by	ADP
eistud-25803	151	10	-	-	PUNCT
eistud-25803	151	11	point	point	NOUN
eistud-25803	151	12	matching	matching	NOUN
eistud-25803	151	13	of	of	ADP
eistud-25803	151	14	the	the	DET
eistud-25803	151	15	two	two	NUM
eistud-25803	151	16	time	time	NOUN
eistud-25803	151	17	series	series	NOUN
eistud-25803	151	18	(	(	PUNCT
eistud-25803	151	19	e.g.	e.g.	ADV
eistud-25803	151	20	gdp	gdp	PROPN
eistud-25803	151	21	,	,	PUNCT
eistud-25803	151	22	infl	infl	PROPN
eistud-25803	151	23	ation	ation	PROPN
eistud-25803	151	24	,	,	PUNCT
eistud-25803	151	25	current	current	ADJ
eistud-25803	151	26	account	account	NOUN
eistud-25803	151	27	fl	fl	PRON
eistud-25803	151	28	uctuation	uctuation	NOUN
eistud-25803	151	29	of	of	ADP
eistud-25803	151	30	two	two	NUM
eistud-25803	151	31	countries	country	NOUN
eistud-25803	151	32	or	or	CCONJ
eistud-25803	151	33	regions	region	NOUN
eistud-25803	151	34	)	)	PUNCT
eistud-25803	151	35	.	.	PUNCT
eistud-25803	152	1	if	if	SCONJ
eistud-25803	152	2	the	the	DET
eistud-25803	152	3	lengths	length	NOUN
eistud-25803	152	4	of	of	ADP
eistud-25803	152	5	reference	reference	NOUN
eistud-25803	152	6	and	and	CCONJ
eistud-25803	152	7	8	8	NUM
eistud-25803	152	8	from	from	ADP
eistud-25803	152	9	2000	2000	NUM
eistud-25803	152	10	in	in	ADP
eistud-25803	152	11	the	the	DET
eistud-25803	152	12	case	case	NOUN
eistud-25803	152	13	of	of	ADP
eistud-25803	152	14	calculating	calculate	VERB
eistud-25803	152	15	oca	oca	NOUN
eistud-25803	152	16	indices	indice	VERB
eistud-25803	152	17	for	for	ADP
eistud-25803	152	18	eu	eu	PROPN
eistud-25803	152	19	countries	country	NOUN
eistud-25803	152	20	the	the	DET
eistud-25803	152	21	euro	euro	NOUN
eistud-25803	152	22	is	be	AUX
eistud-25803	152	23	more	more	ADV
eistud-25803	152	24	suitable	suitable	ADJ
eistud-25803	152	25	.	.	PUNCT
eistud-25803	153	1	9	9	NUM
eistud-25803	153	2	the	the	DET
eistud-25803	153	3	international	international	ADJ
eistud-25803	153	4	financial	financial	ADJ
eistud-25803	153	5	statistics	statistic	NOUN
eistud-25803	153	6	(	(	PUNCT
eistud-25803	153	7	ifs	ifs	PROPN
eistud-25803	153	8	)	)	PUNCT
eistud-25803	153	9	database	database	NOUN
eistud-25803	153	10	of	of	ADP
eistud-25803	153	11	the	the	DET
eistud-25803	153	12	statistics	statistics	PROPN
eistud-25803	153	13	department	department	PROPN
eistud-25803	153	14	of	of	ADP
eistud-25803	153	15	the	the	DET
eistud-25803	153	16	international	international	ADJ
eistud-25803	153	17	monetary	monetary	ADJ
eistud-25803	153	18	fund	fund	NOUN
eistud-25803	153	19	.	.	PUNCT
eistud-25803	154	1	actual	actual	ADJ
eistud-25803	154	2	data	datum	NOUN
eistud-25803	154	3	do	do	AUX
eistud-25803	154	4	not	not	PART
eistud-25803	154	5	match	match	VERB
eistud-25803	154	6	,	,	PUNCT
eistud-25803	154	7	a	a	DET
eistud-25803	154	8	warning	warning	NOUN
eistud-25803	154	9	is	be	AUX
eistud-25803	154	10	issued	issue	VERB
eistud-25803	154	11	,	,	PUNCT
eistud-25803	154	12	and	and	CCONJ
eistud-25803	154	13	only	only	ADV
eistud-25803	154	14	the	the	DET
eistud-25803	154	15	number	number	NOUN
eistud-25803	154	16	of	of	ADP
eistud-25803	154	17	pairs	pair	NOUN
eistud-25803	154	18	corresponding	correspond	VERB
eistud-25803	154	19	to	to	ADP
eistud-25803	154	20	the	the	DET
eistud-25803	154	21	length	length	NOUN
eistud-25803	154	22	of	of	ADP
eistud-25803	154	23	the	the	DET
eistud-25803	154	24	shortest	short	ADJ
eistud-25803	154	25	one	one	NOUN
eistud-25803	154	26	is	be	AUX
eistud-25803	154	27	used	use	VERB
eistud-25803	154	28	(	(	PUNCT
eistud-25803	154	29	theil	theil	PROPN
eistud-25803	154	30	1961	1961	NUM
eistud-25803	154	31	)	)	PUNCT
eistud-25803	154	32	.	.	PUNCT
eistud-25803	155	1	the	the	DET
eistud-25803	155	2	main	main	ADJ
eistud-25803	155	3	purpose	purpose	NOUN
eistud-25803	155	4	of	of	ADP
eistud-25803	155	5	theil	theil	PROPN
eistud-25803	155	6	index	index	NOUN
eistud-25803	155	7	calculations	calculation	NOUN
eistud-25803	155	8	is	be	AUX
eistud-25803	155	9	the	the	DET
eistud-25803	155	10	analysis	analysis	NOUN
eistud-25803	155	11	of	of	ADP
eistud-25803	155	12	structural	structural	ADJ
eistud-25803	155	13	similarity	similarity	NOUN
eistud-25803	155	14	between	between	ADP
eistud-25803	155	15	two	two	NUM
eistud-25803	155	16	economies	economy	NOUN
eistud-25803	155	17	.	.	PUNCT
eistud-25803	156	1	if	if	SCONJ
eistud-25803	156	2	the	the	DET
eistud-25803	156	3	maximum	maximum	ADJ
eistud-25803	156	4	structural	structural	ADJ
eistud-25803	156	5	agreement	agreement	NOUN
eistud-25803	156	6	(	(	PUNCT
eistud-25803	156	7	e.g.	e.g.	ADV
eistud-25803	156	8	between	between	ADP
eistud-25803	156	9	lithuania	lithuania	PROPN
eistud-25803	156	10	and	and	CCONJ
eistud-25803	156	11	euro	euro	PROPN
eistud-25803	156	12	zone	zone	NOUN
eistud-25803	156	13	countries	country	NOUN
eistud-25803	156	14	)	)	PUNCT
eistud-25803	156	15	is	be	AUX
eistud-25803	156	16	estimated	estimate	VERB
eistud-25803	156	17	it	it	PRON
eistud-25803	156	18	means	mean	VERB
eistud-25803	156	19	the	the	DET
eistud-25803	156	20	perfect	perfect	ADJ
eistud-25803	156	21	preparation	preparation	NOUN
eistud-25803	156	22	of	of	ADP
eistud-25803	156	23	lithuania	lithuania	PROPN
eistud-25803	156	24	to	to	PART
eistud-25803	156	25	join	join	VERB
eistud-25803	156	26	the	the	DET
eistud-25803	156	27	european	european	PROPN
eistud-25803	156	28	monetary	monetary	PROPN
eistud-25803	156	29	union	union	PROPN
eistud-25803	156	30	.	.	PUNCT
eistud-25803	157	1	when	when	SCONJ
eistud-25803	157	2	analyzing	analyze	VERB
eistud-25803	157	3	the	the	DET
eistud-25803	157	4	preparation	preparation	NOUN
eistud-25803	157	5	of	of	ADP
eistud-25803	157	6	lithuania	lithuania	PROPN
eistud-25803	157	7	to	to	PART
eistud-25803	157	8	adopt	adopt	VERB
eistud-25803	157	9	the	the	DET
eistud-25803	157	10	euro	euro	NOUN
eistud-25803	157	11	the	the	DET
eistud-25803	157	12	oca	oca	NOUN
eistud-25803	157	13	theory	theory	NOUN
eistud-25803	157	14	is	be	AUX
eistud-25803	157	15	suitable	suitable	ADJ
eistud-25803	157	16	tool	tool	NOUN
eistud-25803	158	1	but	but	CCONJ
eistud-25803	158	2	it	it	PRON
eistud-25803	158	3	must	must	AUX
eistud-25803	158	4	be	be	AUX
eistud-25803	158	5	assessed	assess	VERB
eistud-25803	158	6	skeptically	skeptically	ADV
eistud-25803	158	7	with	with	ADP
eistud-25803	158	8	some	some	DET
eistud-25803	158	9	circumstances	circumstance	NOUN
eistud-25803	158	10	:	:	PUNCT
eistud-25803	158	11	the	the	DET
eistud-25803	158	12	high	high	ADJ
eistud-25803	158	13	exchange	exchange	NOUN
eistud-25803	158	14	rate	rate	NOUN
eistud-25803	158	15	asymmetry	asymmetry	NOUN
eistud-25803	158	16	of	of	ADP
eistud-25803	158	17	euro	euro	NOUN
eistud-25803	158	18	•	•	NOUN
eistud-25803	158	19	zone	zone	NOUN
eistud-25803	158	20	and	and	CCONJ
eistud-25803	158	21	lithuania	lithuania	PROPN
eistud-25803	158	22	occurred	occur	VERB
eistud-25803	158	23	in	in	ADP
eistud-25803	158	24	1994	1994	NUM
eistud-25803	158	25	–	–	PUNCT
eistud-25803	158	26	2002	2002	NUM
eistud-25803	158	27	because	because	SCONJ
eistud-25803	158	28	of	of	ADP
eistud-25803	158	29	litas	litas	PROPN
eistud-25803	158	30	and	and	CCONJ
eistud-25803	158	31	u.s	u.s	PROPN
eistud-25803	158	32	.	.	PROPN
eistud-25803	158	33	dollar	dollar	NOUN
eistud-25803	158	34	pegging	pegging	NOUN
eistud-25803	158	35	;	;	PUNCT
eistud-25803	158	36	the	the	DET
eistud-25803	158	37	international	international	ADJ
eistud-25803	158	38	researches	research	NOUN
eistud-25803	158	39	of	of	ADP
eistud-25803	158	40	the	the	DET
eistud-25803	158	41	common	common	ADJ
eistud-25803	158	42	•	•	NOUN
eistud-25803	158	43	currency	currency	NOUN
eistud-25803	158	44	adoption	adoption	NOUN
eistud-25803	158	45	in	in	ADP
eistud-25803	158	46	lithuania	lithuania	PROPN
eistud-25803	158	47	were	be	AUX
eistud-25803	158	48	traditionally	traditionally	ADV
eistud-25803	158	49	made	make	VERB
eistud-25803	158	50	using	use	VERB
eistud-25803	158	51	statistical	statistical	ADJ
eistud-25803	158	52	data	datum	NOUN
eistud-25803	158	53	of	of	ADP
eistud-25803	158	54	manufacturing	manufacturing	NOUN
eistud-25803	158	55	sector	sector	NOUN
eistud-25803	158	56	(	(	PUNCT
eistud-25803	158	57	including	include	VERB
eistud-25803	158	58	the	the	DET
eistud-25803	158	59	costs	cost	NOUN
eistud-25803	158	60	of	of	ADP
eistud-25803	158	61	energy	energy	NOUN
eistud-25803	158	62	sector	sector	NOUN
eistud-25803	158	63	)	)	PUNCT
eistud-25803	158	64	.	.	PUNCT
eistud-25803	159	1	historically	historically	ADV
eistud-25803	159	2	the	the	DET
eistud-25803	159	3	energy	energy	NOUN
eistud-25803	159	4	sector	sector	NOUN
eistud-25803	159	5	was	be	AUX
eistud-25803	159	6	directly	directly	ADV
eistud-25803	159	7	governed	govern	VERB
eistud-25803	159	8	by	by	ADP
eistud-25803	159	9	moscow	moscow	PROPN
eistud-25803	159	10	,	,	PUNCT
eistud-25803	159	11	so	so	ADV
eistud-25803	159	12	the	the	DET
eistud-25803	159	13	economic	economic	ADJ
eistud-25803	159	14	activity	activity	NOUN
eistud-25803	159	15	of	of	ADP
eistud-25803	159	16	it	it	PRON
eistud-25803	159	17	was	be	AUX
eistud-25803	159	18	not	not	PART
eistud-25803	159	19	a	a	DET
eistud-25803	159	20	business	business	NOUN
eistud-25803	159	21	cycle	cycle	NOUN
eistud-25803	159	22	indicator	indicator	NOUN
eistud-25803	159	23	(	(	PUNCT
eistud-25803	159	24	the	the	DET
eistud-25803	159	25	energy	energy	NOUN
eistud-25803	159	26	sector	sector	NOUN
eistud-25803	159	27	was	be	AUX
eistud-25803	159	28	mostly	mostly	ADV
eistud-25803	159	29	political	political	ADJ
eistud-25803	159	30	issue	issue	NOUN
eistud-25803	159	31	)	)	PUNCT
eistud-25803	159	32	(	(	PUNCT
eistud-25803	159	33	vetlov	vetlov	NOUN
eistud-25803	159	34	2004	2004	NUM
eistud-25803	159	35	)	)	PUNCT
eistud-25803	159	36	.	.	PUNCT
eistud-25803	160	1	there	there	PRON
eistud-25803	160	2	are	be	VERB
eistud-25803	160	3	several	several	ADJ
eistud-25803	160	4	aspects	aspect	NOUN
eistud-25803	160	5	which	which	PRON
eistud-25803	160	6	must	must	AUX
eistud-25803	160	7	be	be	AUX
eistud-25803	160	8	included	include	VERB
eistud-25803	160	9	in	in	ADP
eistud-25803	160	10	modeling	modeling	NOUN
eistud-25803	160	11	of	of	ADP
eistud-25803	160	12	common	common	ADJ
eistud-25803	160	13	currency	currency	NOUN
eistud-25803	160	14	adoption	adoption	NOUN
eistud-25803	160	15	possibilities	possibility	NOUN
eistud-25803	160	16	in	in	ADP
eistud-25803	160	17	lithuania	lithuania	PROPN
eistud-25803	160	18	:	:	PUNCT
eistud-25803	160	19	figure	figure	VERB
eistud-25803	160	20	3	3	NUM
eistud-25803	160	21	.	.	PUNCT
eistud-25803	161	1	the	the	DET
eistud-25803	161	2	main	main	ADJ
eistud-25803	161	3	reasons	reason	NOUN
eistud-25803	161	4	of	of	ADP
eistud-25803	161	5	possible	possible	ADJ
eistud-25803	161	6	dissimilarity	dissimilarity	NOUN
eistud-25803	161	7	of	of	ADP
eistud-25803	161	8	economic	economic	ADJ
eistud-25803	161	9	structure	structure	NOUN
eistud-25803	161	10	between	between	ADP
eistud-25803	161	11	lithuania	lithuania	PROPN
eistud-25803	161	12	and	and	CCONJ
eistud-25803	161	13	euro	euro	PROPN
eistud-25803	161	14	zone	zone	NOUN
eistud-25803	161	15	concerning	concern	VERB
eistud-25803	161	16	oca	oca	PROPN
eistud-25803	161	17	theory	theory	NOUN
eistud-25803	161	18	it	it	PRON
eistud-25803	161	19	was	be	AUX
eistud-25803	161	20	mentioned	mention	VERB
eistud-25803	161	21	that	that	SCONJ
eistud-25803	161	22	countries	country	NOUN
eistud-25803	161	23	in	in	ADP
eistud-25803	161	24	a	a	DET
eistud-25803	161	25	monetary	monetary	ADJ
eistud-25803	161	26	union	union	NOUN
eistud-25803	161	27	should	should	AUX
eistud-25803	161	28	experience	experience	VERB
eistud-25803	161	29	macroeconomic	macroeconomic	ADJ
eistud-25803	161	30	shocks	shock	NOUN
eistud-25803	161	31	that	that	PRON
eistud-25803	161	32	are	be	AUX
eistud-25803	161	33	correlated	correlate	VERB
eistud-25803	161	34	with	with	ADP
eistud-25803	161	35	those	those	PRON
eistud-25803	161	36	experienced	experience	VERB
eistud-25803	161	37	in	in	ADP
eistud-25803	161	38	the	the	DET
eistud-25803	161	39	rest	rest	NOUN
eistud-25803	161	40	of	of	ADP
eistud-25803	161	41	the	the	DET
eistud-25803	161	42	union	union	NOUN
eistud-25803	161	43	.	.	PUNCT
eistud-25803	162	1	according	accord	VERB
eistud-25803	162	2	to	to	ADP
eistud-25803	162	3	kuodis	kuodis	NOUN
eistud-25803	162	4	and	and	CCONJ
eistud-25803	162	5	vetlov	vetlov	NOUN
eistud-25803	162	6	(	(	PUNCT
eistud-25803	162	7	2002	2002	NUM
eistud-25803	162	8	)	)	PUNCT
eistud-25803	162	9	and	and	CCONJ
eistud-25803	162	10	vetlov	vetlov	NOUN
eistud-25803	162	11	(	(	PUNCT
eistud-25803	162	12	2004	2004	NUM
eistud-25803	162	13	)	)	PUNCT
eistud-25803	162	14	research	research	NOUN
eistud-25803	162	15	lithuania	lithuania	PROPN
eistud-25803	162	16	has	have	VERB
eistud-25803	162	17	more	more	ADV
eistud-25803	162	18	comprehensive	comprehensive	ADJ
eistud-25803	162	19	monetary	monetary	ADJ
eistud-25803	162	20	policy	policy	NOUN
eistud-25803	162	21	impact	impact	NOUN
eistud-25803	162	22	mechanism	mechanism	NOUN
eistud-25803	162	23	.	.	PUNCT
eistud-25803	163	1	it	it	PRON
eistud-25803	163	2	helps	help	VERB
eistud-25803	163	3	to	to	PART
eistud-25803	163	4	react	react	VERB
eistud-25803	163	5	more	more	ADV
eistud-25803	163	6	broadly	broadly	ADV
eistud-25803	163	7	and	and	CCONJ
eistud-25803	163	8	quickly	quickly	ADV
eistud-25803	163	9	to	to	ADP
eistud-25803	163	10	all	all	DET
eistud-25803	163	11	macroeconomic	macroeconomic	ADJ
eistud-25803	163	12	shocks	shock	NOUN
eistud-25803	163	13	than	than	ADP
eistud-25803	163	14	euro	euro	NOUN
eistud-25803	163	15	zone	zone	NOUN
eistud-25803	163	16	does	do	AUX
eistud-25803	163	17	(	(	PUNCT
eistud-25803	163	18	vetlov	vetlov	NOUN
eistud-25803	163	19	2004	2004	NUM
eistud-25803	163	20	)	)	PUNCT
eistud-25803	163	21	.	.	PUNCT
eistud-25803	164	1	consider	consider	VERB
eistud-25803	164	2	the	the	DET
eistud-25803	164	3	circumstances	circumstance	NOUN
eistud-25803	164	4	and	and	CCONJ
eistud-25803	164	5	aspects	aspect	NOUN
eistud-25803	164	6	mentioned	mention	VERB
eistud-25803	164	7	above	above	ADP
eistud-25803	164	8	it	it	PRON
eistud-25803	164	9	is	be	AUX
eistud-25803	164	10	possible	possible	ADJ
eistud-25803	164	11	to	to	PART
eistud-25803	164	12	shape	shape	VERB
eistud-25803	164	13	a	a	DET
eistud-25803	164	14	multifunctional	multifunctional	ADJ
eistud-25803	164	15	practical	practical	ADJ
eistud-25803	164	16	model	model	NOUN
eistud-25803	164	17	involving	involve	VERB
eistud-25803	164	18	oca	oca	NOUN
eistud-25803	164	19	and	and	CCONJ
eistud-25803	164	20	theil	theil	PROPN
eistud-25803	164	21	indexes	index	NOUN
eistud-25803	164	22	to	to	PART
eistud-25803	164	23	assess	assess	VERB
eistud-25803	164	24	the	the	DET
eistud-25803	164	25	real	real	ADJ
eistud-25803	164	26	convergence	convergence	NOUN
eistud-25803	164	27	condition	condition	NOUN
eistud-25803	164	28	of	of	ADP
eistud-25803	164	29	lithuania	lithuania	PROPN
eistud-25803	164	30	to	to	PART
eistud-25803	164	31	join	join	VERB
eistud-25803	164	32	euro	euro	NOUN
eistud-25803	164	33	zone	zone	NOUN
eistud-25803	164	34	.	.	PUNCT
eistud-25803	165	1	noteworthy	noteworthy	ADJ
eistud-25803	165	2	that	that	SCONJ
eistud-25803	165	3	so	so	ADV
eistud-25803	165	4	far	far	ADV
eistud-25803	165	5	there	there	PRON
eistud-25803	165	6	were	be	VERB
eistud-25803	165	7	no	no	DET
eistud-25803	165	8	narrow	narrow	ADJ
eistud-25803	165	9	113	113	NUM
eistud-25803	165	10	issn	issn	PROPN
eistud-25803	165	11	1822	1822	NUM
eistud-25803	165	12	-	-	SYM
eistud-25803	165	13	8402	8402	NUM
eistud-25803	165	14	european	european	ADJ
eistud-25803	165	15	integration	integration	NOUN
eistud-25803	165	16	studies	study	NOUN
eistud-25803	165	17	.	.	PUNCT
eistud-25803	166	1	2008	2008	NUM
eistud-25803	166	2	.	.	PUNCT
eistud-25803	167	1	no	no	DET
eistud-25803	167	2	2	2	NUM
eistud-25803	167	3	research	research	NOUN
eistud-25803	167	4	done	do	VERB
eistud-25803	167	5	about	about	ADP
eistud-25803	167	6	statistical	statistical	ADJ
eistud-25803	167	7	economic	economic	ADJ
eistud-25803	167	8	symmetry	symmetry	NOUN
eistud-25803	167	9	in	in	ADP
eistud-25803	167	10	lithuania	lithuania	PROPN
eistud-25803	167	11	and	and	CCONJ
eistud-25803	167	12	euro	euro	PROPN
eistud-25803	167	13	zone	zone	NOUN
eistud-25803	167	14	.	.	PUNCT
eistud-25803	168	1	therefore	therefore	ADV
eistud-25803	168	2	no	no	DET
eistud-25803	168	3	detailed	detailed	ADJ
eistud-25803	168	4	fi	fi	NOUN
eistud-25803	168	5	ndings	nding	NOUN
eistud-25803	168	6	could	could	AUX
eistud-25803	168	7	be	be	AUX
eistud-25803	168	8	obtained	obtain	VERB
eistud-25803	168	9	on	on	ADP
eistud-25803	168	10	this	this	DET
eistud-25803	168	11	subject	subject	NOUN
eistud-25803	168	12	.	.	PUNCT
eistud-25803	169	1	conclusions	conclusion	NOUN
eistud-25803	169	2	countries	country	NOUN
eistud-25803	169	3	can	can	AUX
eistud-25803	169	4	benefi	benefi	PROPN
eistud-25803	169	5	t	t	PROPN
eistud-25803	169	6	from	from	ADP
eistud-25803	169	7	higher	high	ADJ
eistud-25803	169	8	trade	trade	NOUN
eistud-25803	169	9	integration	integration	NOUN
eistud-25803	169	10	,	,	PUNCT
eistud-25803	169	11	1	1	NUM
eistud-25803	169	12	.	.	NUM
eistud-25803	169	13	which	which	PRON
eistud-25803	169	14	leads	lead	VERB
eistud-25803	169	15	to	to	ADP
eistud-25803	169	16	the	the	DET
eistud-25803	169	17	more	more	ADV
eistud-25803	169	18	effective	effective	ADJ
eistud-25803	169	19	allocation	allocation	NOUN
eistud-25803	169	20	of	of	ADP
eistud-25803	169	21	resources	resource	NOUN
eistud-25803	169	22	.	.	PUNCT
eistud-25803	170	1	frankel	frankel	NOUN
eistud-25803	170	2	and	and	CCONJ
eistud-25803	170	3	rose	rise	VERB
eistud-25803	170	4	(	(	PUNCT
eistud-25803	170	5	1998	1998	NUM
eistud-25803	170	6	)	)	PUNCT
eistud-25803	170	7	show	show	VERB
eistud-25803	170	8	that	that	SCONJ
eistud-25803	170	9	the	the	PRON
eistud-25803	170	10	higher	high	ADJ
eistud-25803	170	11	the	the	DET
eistud-25803	170	12	trade	trade	NOUN
eistud-25803	170	13	integration	integration	NOUN
eistud-25803	170	14	,	,	PUNCT
eistud-25803	170	15	the	the	PRON
eistud-25803	170	16	higher	high	ADJ
eistud-25803	170	17	the	the	DET
eistud-25803	170	18	correlation	correlation	NOUN
eistud-25803	170	19	of	of	ADP
eistud-25803	170	20	business	business	NOUN
eistud-25803	170	21	cycle	cycle	NOUN
eistud-25803	170	22	among	among	ADP
eistud-25803	170	23	countries	country	NOUN
eistud-25803	170	24	.	.	PUNCT
eistud-25803	171	1	countries	country	NOUN
eistud-25803	171	2	that	that	PRON
eistud-25803	171	3	are	be	AUX
eistud-25803	171	4	highly	highly	ADV
eistud-25803	171	5	integrated	integrate	VERB
eistud-25803	171	6	with	with	ADP
eistud-25803	171	7	each	each	DET
eistud-25803	171	8	other	other	ADJ
eistud-25803	171	9	,	,	PUNCT
eistud-25803	171	10	with	with	ADP
eistud-25803	171	11	respect	respect	NOUN
eistud-25803	171	12	to	to	ADP
eistud-25803	171	13	trade	trade	NOUN
eistud-25803	171	14	and	and	CCONJ
eistud-25803	171	15	other	other	ADJ
eistud-25803	171	16	economic	economic	ADJ
eistud-25803	171	17	relationships	relationship	NOUN
eistud-25803	171	18	,	,	PUNCT
eistud-25803	171	19	are	be	AUX
eistud-25803	171	20	more	more	ADV
eistud-25803	171	21	likely	likely	ADJ
eistud-25803	171	22	to	to	PART
eistud-25803	171	23	constitute	constitute	VERB
eistud-25803	171	24	an	an	DET
eistud-25803	171	25	optimum	optimum	ADJ
eistud-25803	171	26	currency	currency	NOUN
eistud-25803	171	27	area	area	NOUN
eistud-25803	171	28	.	.	PUNCT
eistud-25803	172	1	in	in	ADP
eistud-25803	172	2	case	case	NOUN
eistud-25803	172	3	to	to	PART
eistud-25803	172	4	assume	assume	VERB
eistud-25803	172	5	the	the	DET
eistud-25803	172	6	necessity	necessity	NOUN
eistud-25803	172	7	to	to	PART
eistud-25803	172	8	adopt	adopt	VERB
eistud-25803	172	9	the	the	DET
eistud-25803	172	10	2	2	NUM
eistud-25803	172	11	.	.	PUNCT
eistud-25803	172	12	common	common	ADJ
eistud-25803	172	13	currency	currency	NOUN
eistud-25803	172	14	it	it	PRON
eistud-25803	172	15	is	be	AUX
eistud-25803	172	16	essentially	essentially	ADV
eistud-25803	172	17	to	to	PART
eistud-25803	172	18	analyze	analyze	VERB
eistud-25803	172	19	mundell	mundell	PROPN
eistud-25803	172	20	’s	’s	PART
eistud-25803	172	21	model	model	NOUN
eistud-25803	172	22	of	of	ADP
eistud-25803	172	23	the	the	DET
eistud-25803	172	24	shifts	shift	NOUN
eistud-25803	172	25	in	in	ADP
eistud-25803	172	26	demand	demand	NOUN
eistud-25803	172	27	between	between	ADP
eistud-25803	172	28	two	two	NUM
eistud-25803	172	29	countries	country	NOUN
eistud-25803	172	30	.	.	PUNCT
eistud-25803	173	1	any	any	DET
eistud-25803	173	2	kind	kind	NOUN
eistud-25803	173	3	of	of	ADP
eistud-25803	173	4	macroeconomic	macroeconomic	ADJ
eistud-25803	173	5	shocks	shock	NOUN
eistud-25803	173	6	effects	effect	NOUN
eistud-25803	173	7	could	could	AUX
eistud-25803	173	8	possibly	possibly	ADV
eistud-25803	173	9	be	be	AUX
eistud-25803	173	10	mitigated	mitigate	VERB
eistud-25803	173	11	in	in	ADP
eistud-25803	173	12	the	the	DET
eistud-25803	173	13	area	area	NOUN
eistud-25803	173	14	with	with	ADP
eistud-25803	173	15	single	single	ADJ
eistud-25803	173	16	currency	currency	NOUN
eistud-25803	173	17	area	area	NOUN
eistud-25803	173	18	with	with	ADP
eistud-25803	173	19	the	the	DET
eistud-25803	173	20	oca	oca	NOUN
eistud-25803	173	21	characteristics	characteristic	NOUN
eistud-25803	173	22	.	.	PUNCT
eistud-25803	174	1	the	the	DET
eistud-25803	174	2	existence	existence	NOUN
eistud-25803	174	3	of	of	ADP
eistud-25803	174	4	oca	oca	NOUN
eistud-25803	174	5	criteria	criterion	NOUN
eistud-25803	174	6	(	(	PUNCT
eistud-25803	174	7	high	high	ADJ
eistud-25803	174	8	labor	labor	NOUN
eistud-25803	174	9	mobility	mobility	NOUN
eistud-25803	174	10	,	,	PUNCT
eistud-25803	174	11	3	3	X
eistud-25803	174	12	.	.	NOUN
eistud-25803	174	13	high	high	ADJ
eistud-25803	174	14	correlation	correlation	NOUN
eistud-25803	174	15	of	of	ADP
eistud-25803	174	16	business	business	NOUN
eistud-25803	174	17	cycles	cycle	NOUN
eistud-25803	174	18	,	,	PUNCT
eistud-25803	174	19	etc	etc	X
eistud-25803	174	20	.	.	X
eistud-25803	174	21	)	)	PUNCT
eistud-25803	174	22	makes	make	VERB
eistud-25803	174	23	monetary	monetary	ADJ
eistud-25803	174	24	independence	independence	NOUN
eistud-25803	174	25	less	less	ADV
eistud-25803	174	26	necessary	necessary	ADJ
eistud-25803	174	27	.	.	PUNCT
eistud-25803	175	1	the	the	DET
eistud-25803	175	2	oca	oca	PROPN
eistud-25803	175	3	area	area	NOUN
eistud-25803	175	4	theory	theory	NOUN
eistud-25803	175	5	tries	try	VERB
eistud-25803	175	6	to	to	PART
eistud-25803	175	7	answer	answer	VERB
eistud-25803	175	8	an	an	DET
eistud-25803	175	9	almost	almost	ADV
eistud-25803	175	10	prohibitively	prohibitively	ADV
eistud-25803	175	11	diffi	diffi	ADJ
eistud-25803	175	12	cult	cult	NOUN
eistud-25803	175	13	question	question	NOUN
eistud-25803	175	14	:	:	PUNCT
eistud-25803	175	15	what	what	PRON
eistud-25803	175	16	is	be	AUX
eistud-25803	175	17	the	the	DET
eistud-25803	175	18	optimal	optimal	ADJ
eistud-25803	175	19	number	number	NOUN
eistud-25803	175	20	of	of	ADP
eistud-25803	175	21	currencies	currency	NOUN
eistud-25803	175	22	to	to	PART
eistud-25803	175	23	be	be	AUX
eistud-25803	175	24	used	use	VERB
eistud-25803	175	25	in	in	ADP
eistud-25803	175	26	one	one	NUM
eistud-25803	175	27	region	region	NOUN
eistud-25803	175	28	.	.	PUNCT
eistud-25803	176	1	this	this	DET
eistud-25803	176	2	theory	theory	NOUN
eistud-25803	176	3	determines	determine	VERB
eistud-25803	176	4	the	the	DET
eistud-25803	176	5	conditions	condition	NOUN
eistud-25803	176	6	that	that	SCONJ
eistud-25803	176	7	countries	country	NOUN
eistud-25803	176	8	should	should	AUX
eistud-25803	176	9	satisfy	satisfy	VERB
eistud-25803	176	10	to	to	PART
eistud-25803	176	11	make	make	VERB
eistud-25803	176	12	a	a	DET
eistud-25803	176	13	monetary	monetary	ADJ
eistud-25803	176	14	union	union	NOUN
eistud-25803	176	15	attractive	attractive	ADJ
eistud-25803	176	16	,	,	PUNCT
eistud-25803	176	17	i.e.	i.e.	X
eistud-25803	176	18	to	to	PART
eistud-25803	176	19	ensure	ensure	VERB
eistud-25803	176	20	that	that	SCONJ
eistud-25803	176	21	the	the	DET
eistud-25803	176	22	benefi	benefi	PROPN
eistud-25803	176	23	ts	ts	ADP
eistud-25803	176	24	of	of	ADP
eistud-25803	176	25	the	the	DET
eistud-25803	176	26	monetary	monetary	ADJ
eistud-25803	176	27	union	union	NOUN
eistud-25803	176	28	exceed	exceed	VERB
eistud-25803	176	29	its	its	PRON
eistud-25803	176	30	costs	cost	NOUN
eistud-25803	176	31	.	.	PUNCT
eistud-25803	177	1	the	the	DET
eistud-25803	177	2	more	more	ADJ
eistud-25803	177	3	of	of	ADP
eistud-25803	177	4	oca	oca	NOUN
eistud-25803	177	5	criteria	criterion	NOUN
eistud-25803	177	6	are	be	AUX
eistud-25803	177	7	fulfi	fulfi	NOUN
eistud-25803	177	8	lled	lle	VERB
eistud-25803	177	9	among	among	ADP
eistud-25803	177	10	4	4	NUM
eistud-25803	177	11	.	.	PUNCT
eistud-25803	178	1	the	the	DET
eistud-25803	178	2	countries	country	NOUN
eistud-25803	178	3	,	,	PUNCT
eistud-25803	178	4	the	the	DET
eistud-25803	178	5	lower	low	ADJ
eistud-25803	178	6	should	should	AUX
eistud-25803	178	7	be	be	AUX
eistud-25803	178	8	the	the	DET
eistud-25803	178	9	exchange	exchange	NOUN
eistud-25803	178	10	rates	rate	NOUN
eistud-25803	178	11	variability	variability	NOUN
eistud-25803	178	12	among	among	ADP
eistud-25803	178	13	considered	consider	VERB
eistud-25803	178	14	countries	country	NOUN
eistud-25803	178	15	.	.	PUNCT
eistud-25803	179	1	the	the	DET
eistud-25803	179	2	exchange	exchange	NOUN
eistud-25803	179	3	rate	rate	NOUN
eistud-25803	179	4	variability	variability	NOUN
eistud-25803	179	5	could	could	AUX
eistud-25803	179	6	be	be	AUX
eistud-25803	179	7	estimated	estimate	VERB
eistud-25803	179	8	by	by	ADP
eistud-25803	179	9	the	the	DET
eistud-25803	179	10	econometric	econometric	ADJ
eistud-25803	179	11	expression	expression	NOUN
eistud-25803	179	12	,	,	PUNCT
eistud-25803	179	13	specifi	specifi	PROPN
eistud-25803	179	14	cally	cally	ADV
eistud-25803	179	15	the	the	DET
eistud-25803	179	16	oca	oca	PROPN
eistud-25803	179	17	index	index	NOUN
eistud-25803	179	18	.	.	PUNCT
eistud-25803	180	1	the	the	DET
eistud-25803	180	2	alternative	alternative	ADJ
eistud-25803	180	3	tool	tool	NOUN
eistud-25803	180	4	to	to	PART
eistud-25803	180	5	estimate	estimate	VERB
eistud-25803	180	6	the	the	DET
eistud-25803	180	7	criteria	criterion	NOUN
eistud-25803	180	8	of	of	ADP
eistud-25803	180	9	the	the	DET
eistud-25803	180	10	5	5	NUM
eistud-25803	180	11	.	.	PUNCT
eistud-25803	180	12	optimum	optimum	ADJ
eistud-25803	180	13	currency	currency	NOUN
eistud-25803	180	14	area	area	NOUN
eistud-25803	180	15	functioning	function	VERB
eistud-25803	180	16	is	be	AUX
eistud-25803	180	17	the	the	DET
eistud-25803	180	18	theil	theil	PROPN
eistud-25803	180	19	’s	’s	PART
eistud-25803	180	20	inequality	inequality	PROPN
eistud-25803	180	21	index	index	PROPN
eistud-25803	180	22	.	.	PUNCT
eistud-25803	181	1	theil	theil	PROPN
eistud-25803	181	2	’s	’s	PART
eistud-25803	181	3	inequality	inequality	NOUN
eistud-25803	181	4	index	index	NOUN
eistud-25803	181	5	is	be	AUX
eistud-25803	181	6	a	a	DET
eistud-25803	181	7	measure	measure	NOUN
eistud-25803	181	8	of	of	ADP
eistud-25803	181	9	the	the	DET
eistud-25803	181	10	degree	degree	NOUN
eistud-25803	181	11	to	to	PART
eistud-25803	181	12	which	which	PRON
eistud-25803	181	13	one	one	NUM
eistud-25803	181	14	time	time	NOUN
eistud-25803	181	15	series	series	PROPN
eistud-25803	181	16	differs	differ	VERB
eistud-25803	181	17	from	from	ADP
eistud-25803	181	18	another	another	DET
eistud-25803	181	19	(	(	PUNCT
eistud-25803	181	20	gdp	gdp	PROPN
eistud-25803	181	21	,	,	PUNCT
eistud-25803	181	22	infl	infl	PROPN
eistud-25803	181	23	ation	ation	PROPN
eistud-25803	181	24	,	,	PUNCT
eistud-25803	181	25	current	current	ADJ
eistud-25803	181	26	account	account	NOUN
eistud-25803	181	27	fl	fl	PRON
eistud-25803	181	28	uctuation	uctuation	NOUN
eistud-25803	181	29	of	of	ADP
eistud-25803	181	30	two	two	NUM
eistud-25803	181	31	countries	country	NOUN
eistud-25803	181	32	or	or	CCONJ
eistud-25803	181	33	regions	region	NOUN
eistud-25803	181	34	)	)	PUNCT
eistud-25803	181	35	.	.	PUNCT
eistud-25803	182	1	when	when	SCONJ
eistud-25803	182	2	analyzing	analyze	VERB
eistud-25803	182	3	the	the	DET
eistud-25803	182	4	preparation	preparation	NOUN
eistud-25803	182	5	of	of	ADP
eistud-25803	182	6	lithuania	lithuania	PROPN
eistud-25803	182	7	to	to	ADP
eistud-25803	182	8	6	6	NUM
eistud-25803	182	9	.	.	PUNCT
eistud-25803	182	10	adopt	adopt	VERB
eistud-25803	182	11	the	the	DET
eistud-25803	182	12	euro	euro	NOUN
eistud-25803	182	13	the	the	DET
eistud-25803	182	14	oca	oca	NOUN
eistud-25803	182	15	theory	theory	NOUN
eistud-25803	182	16	is	be	AUX
eistud-25803	182	17	suitable	suitable	ADJ
eistud-25803	182	18	tool	tool	NOUN
eistud-25803	183	1	but	but	CCONJ
eistud-25803	183	2	it	it	PRON
eistud-25803	183	3	must	must	AUX
eistud-25803	183	4	be	be	AUX
eistud-25803	183	5	assessed	assess	VERB
eistud-25803	183	6	skeptically	skeptically	ADV
eistud-25803	183	7	with	with	ADP
eistud-25803	183	8	some	some	DET
eistud-25803	183	9	circumstances	circumstance	NOUN
eistud-25803	183	10	.	.	PUNCT
eistud-25803	184	1	the	the	DET
eistud-25803	184	2	main	main	ADJ
eistud-25803	184	3	purpose	purpose	NOUN
eistud-25803	184	4	of	of	ADP
eistud-25803	184	5	integrated	integrated	ADJ
eistud-25803	184	6	oca	oca	NOUN
eistud-25803	184	7	and	and	CCONJ
eistud-25803	184	8	theil	theil	PROPN
eistud-25803	184	9	7	7	NUM
eistud-25803	184	10	.	.	PUNCT
eistud-25803	184	11	index	index	NOUN
eistud-25803	184	12	model	model	NOUN
eistud-25803	184	13	would	would	AUX
eistud-25803	184	14	be	be	AUX
eistud-25803	184	15	the	the	DET
eistud-25803	184	16	analysis	analysis	NOUN
eistud-25803	184	17	of	of	ADP
eistud-25803	184	18	structural	structural	ADJ
eistud-25803	184	19	economic	economic	ADJ
eistud-25803	184	20	similarity	similarity	NOUN
eistud-25803	184	21	between	between	ADP
eistud-25803	184	22	lithuania	lithuania	PROPN
eistud-25803	184	23	and	and	CCONJ
eistud-25803	184	24	euro	euro	PROPN
eistud-25803	184	25	zone	zone	NOUN
eistud-25803	184	26	.	.	PUNCT
eistud-25803	185	1	if	if	SCONJ
eistud-25803	185	2	the	the	DET
eistud-25803	185	3	maximum	maximum	ADJ
eistud-25803	185	4	structural	structural	ADJ
eistud-25803	185	5	agreement	agreement	NOUN
eistud-25803	185	6	estimated	estimate	VERB
eistud-25803	185	7	it	it	PRON
eistud-25803	185	8	means	mean	VERB
eistud-25803	185	9	the	the	DET
eistud-25803	185	10	implementation	implementation	NOUN
eistud-25803	185	11	of	of	ADP
eistud-25803	185	12	the	the	DET
eistud-25803	185	13	real	real	ADJ
eistud-25803	185	14	convergence	convergence	NOUN
eistud-25803	185	15	criteria	criterion	NOUN
eistud-25803	185	16	and	and	CCONJ
eistud-25803	185	17	perfect	perfect	ADJ
eistud-25803	185	18	preparation	preparation	NOUN
eistud-25803	185	19	of	of	ADP
eistud-25803	185	20	lithuania	lithuania	PROPN
eistud-25803	185	21	to	to	PART
eistud-25803	185	22	join	join	VERB
eistud-25803	185	23	the	the	DET
eistud-25803	185	24	european	european	PROPN
eistud-25803	185	25	monetary	monetary	PROPN
eistud-25803	185	26	union	union	PROPN
eistud-25803	185	27	.	.	PUNCT
eistud-25803	186	1	references	reference	NOUN
eistud-25803	186	2	de	de	X
eistud-25803	186	3	grauwe	grauwe	PROPN
eistud-25803	187	1	p.	p.	NOUN
eistud-25803	187	2	what	what	PRON
eistud-25803	187	3	have	have	AUX
eistud-25803	187	4	we	we	PRON
eistud-25803	187	5	learnt	learn	VERB
eistud-25803	187	6	about	about	ADP
eistud-25803	187	7	monetary	monetary	ADJ
eistud-25803	187	8	integration	integration	NOUN
eistud-25803	187	9	since	since	SCONJ
eistud-25803	187	10	the	the	DET
eistud-25803	187	11	maastricht	maastricht	PROPN
eistud-25803	187	12	treaty	treaty	PROPN
eistud-25803	187	13	?	?	PUNCT
eistud-25803	188	1	jcms	jcms	PROPN
eistud-25803	188	2	volume	volume	NOUN
eistud-25803	188	3	44	44	NUM
eistud-25803	188	4	.	.	PUNCT
eistud-25803	189	1	no	no	DET
eistud-25803	189	2	4	4	NUM
eistud-25803	189	3	,	,	PUNCT
eistud-25803	189	4	2006	2006	NUM
eistud-25803	189	5	;	;	PUNCT
eistud-25803	189	6	de	de	X
eistud-25803	189	7	grauwe	grauwe	PROPN
eistud-25803	189	8	p.	p.	NOUN
eistud-25803	189	9	economics	economic	NOUN
eistud-25803	189	10	of	of	ADP
eistud-25803	189	11	monetary	monetary	ADJ
eistud-25803	189	12	union	union	NOUN
eistud-25803	189	13	.	.	PUNCT
eistud-25803	190	1	2007	2007	NUM
eistud-25803	190	2	,	,	PUNCT
eistud-25803	190	3	oxford	oxford	NOUN
eistud-25803	190	4	;	;	PUNCT
eistud-25803	190	5	debrun	debrun	NOUN
eistud-25803	190	6	x.	x.	PROPN
eistud-25803	190	7	,	,	PUNCT
eistud-25803	190	8	masson	masson	PROPN
eistud-25803	190	9	p.	p.	PROPN
eistud-25803	190	10	,	,	PUNCT
eistud-25803	190	11	and	and	CCONJ
eistud-25803	190	12	pattillo	pattillo	PROPN
eistud-25803	190	13	c.	c.	PROPN
eistud-25803	190	14	west	west	PROPN
eistud-25803	190	15	african	african	ADJ
eistud-25803	190	16	currency	currency	NOUN
eistud-25803	190	17	unions	union	NOUN
eistud-25803	190	18	:	:	PUNCT
eistud-25803	190	19	rationale	rationale	NOUN
eistud-25803	190	20	and	and	CCONJ
eistud-25803	190	21	sustainability	sustainability	NOUN
eistud-25803	190	22	.	.	PUNCT
eistud-25803	191	1	cesifo	cesifo	PROPN
eistud-25803	191	2	economic	economic	ADJ
eistud-25803	191	3	studies	study	NOUN
eistud-25803	191	4	,	,	PUNCT
eistud-25803	191	5	49	49	NUM
eistud-25803	191	6	,	,	PUNCT
eistud-25803	191	7	3/2003	3/2003	NUM
eistud-25803	191	8	,	,	PUNCT
eistud-25803	191	9	2003	2003	NUM
eistud-25803	191	10	;	;	PUNCT
eistud-25803	191	11	eichengreen	eichengreen	PROPN
eistud-25803	191	12	b.	b.	PROPN
eistud-25803	191	13	,	,	PUNCT
eistud-25803	191	14	bayoumi	bayoumi	NOUN
eistud-25803	191	15	t.	t.	PROPN
eistud-25803	191	16	ever	ever	ADV
eistud-25803	191	17	closer	close	ADV
eistud-25803	191	18	to	to	ADP
eistud-25803	191	19	heaven	heaven	PROPN
eistud-25803	191	20	?	?	PUNCT
eistud-25803	192	1	an	an	DET
eistud-25803	192	2	optimum	optimum	ADJ
eistud-25803	192	3	currency	currency	NOUN
eistud-25803	192	4	area	area	NOUN
eistud-25803	192	5	index	index	NOUN
eistud-25803	192	6	for	for	ADP
eistud-25803	192	7	european	european	ADJ
eistud-25803	192	8	countries	country	NOUN
eistud-25803	192	9	.	.	PUNCT
eistud-25803	193	1	center	center	NOUN
eistud-25803	193	2	for	for	ADP
eistud-25803	193	3	international	international	ADJ
eistud-25803	193	4	and	and	CCONJ
eistud-25803	193	5	development	development	NOUN
eistud-25803	193	6	economics	economic	NOUN
eistud-25803	193	7	research	research	NOUN
eistud-25803	193	8	,	,	PUNCT
eistud-25803	193	9	078	078	NUM
eistud-25803	193	10	,	,	PUNCT
eistud-25803	193	11	1996	1996	NUM
eistud-25803	193	12	;	;	PUNCT
eistud-25803	193	13	frankel	frankel	PROPN
eistud-25803	193	14	j.	j.	PROPN
eistud-25803	193	15	a.	a.	PROPN
eistud-25803	193	16	no	no	DET
eistud-25803	193	17	single	single	ADJ
eistud-25803	193	18	currency	currency	NOUN
eistud-25803	193	19	regime	regime	NOUN
eistud-25803	193	20	is	be	AUX
eistud-25803	193	21	right	right	ADJ
eistud-25803	193	22	for	for	ADP
eistud-25803	193	23	all	all	DET
eistud-25803	193	24	countries	country	NOUN
eistud-25803	193	25	or	or	CCONJ
eistud-25803	193	26	at	at	ADP
eistud-25803	193	27	all	all	DET
eistud-25803	193	28	times	time	NOUN
eistud-25803	193	29	.	.	PUNCT
eistud-25803	194	1	essays	essay	NOUN
eistud-25803	194	2	in	in	ADP
eistud-25803	194	3	international	international	ADJ
eistud-25803	194	4	fi	fi	NOUN
eistud-25803	194	5	nance	nance	NOUN
eistud-25803	194	6	,	,	PUNCT
eistud-25803	194	7	international	international	ADJ
eistud-25803	194	8	fi	fi	NOUN
eistud-25803	194	9	nance	nance	NOUN
eistud-25803	194	10	section	section	NOUN
eistud-25803	194	11	,	,	PUNCT
eistud-25803	194	12	215	215	NUM
eistud-25803	194	13	,	,	PUNCT
eistud-25803	194	14	1999	1999	NUM
eistud-25803	194	15	;	;	PUNCT
eistud-25803	194	16	frankel	frankel	PROPN
eistud-25803	194	17	j.	j.	PROPN
eistud-25803	194	18	a.	a.	PROPN
eistud-25803	194	19	,	,	PUNCT
eistud-25803	194	20	rose	rise	VERB
eistud-25803	194	21	a.	a.	PROPN
eistud-25803	194	22	k.	k.	PROPN
eistud-25803	195	1	economic	economic	ADJ
eistud-25803	195	2	structure	structure	NOUN
eistud-25803	195	3	and	and	CCONJ
eistud-25803	195	4	the	the	DET
eistud-25803	195	5	decision	decision	NOUN
eistud-25803	195	6	to	to	PART
eistud-25803	195	7	adopt	adopt	VERB
eistud-25803	195	8	a	a	DET
eistud-25803	195	9	common	common	ADJ
eistud-25803	195	10	currency	currency	NOUN
eistud-25803	195	11	.	.	PUNCT
eistud-25803	196	1	scandinavian	scandinavian	ADJ
eistud-25803	196	2	working	working	NOUN
eistud-25803	196	3	papers	paper	NOUN
eistud-25803	196	4	in	in	ADP
eistud-25803	196	5	economics	economic	NOUN
eistud-25803	196	6	,	,	PUNCT
eistud-25803	196	7	611	611	NUM
eistud-25803	196	8	,	,	PUNCT
eistud-25803	196	9	1996	1996	NUM
eistud-25803	196	10	;	;	PUNCT
eistud-25803	196	11	fritz	fritz	PROPN
eistud-25803	196	12	b.	b.	PROPN
eistud-25803	196	13	,	,	PUNCT
eistud-25803	196	14	mühlich	mühlich	PROPN
eistud-25803	196	15	l.	l.	PROPN
eistud-25803	196	16	regional	regional	ADJ
eistud-25803	196	17	monetary	monetary	ADJ
eistud-25803	196	18	integration	integration	NOUN
eistud-25803	196	19	among	among	ADP
eistud-25803	196	20	developing	develop	VERB
eistud-25803	196	21	countries	country	NOUN
eistud-25803	196	22	:	:	PUNCT
eistud-25803	196	23	new	new	ADJ
eistud-25803	196	24	opportunities	opportunity	NOUN
eistud-25803	196	25	for	for	ADP
eistud-25803	196	26	macroeconomic	macroeconomic	ADJ
eistud-25803	196	27	stability	stability	NOUN
eistud-25803	196	28	beyond	beyond	ADP
eistud-25803	196	29	the	the	DET
eistud-25803	196	30	theory	theory	NOUN
eistud-25803	196	31	of	of	ADP
eistud-25803	196	32	optimum	optimum	ADJ
eistud-25803	196	33	currency	currency	NOUN
eistud-25803	196	34	areas	area	NOUN
eistud-25803	196	35	?	?	PUNCT
eistud-25803	197	1	german	german	ADJ
eistud-25803	197	2	institute	institute	PROPN
eistud-25803	197	3	of	of	ADP
eistud-25803	197	4	global	global	ADJ
eistud-25803	197	5	and	and	CCONJ
eistud-25803	197	6	area	area	NOUN
eistud-25803	197	7	studies	study	NOUN
eistud-25803	197	8	working	work	VERB
eistud-25803	197	9	paper	paper	NOUN
eistud-25803	197	10	,	,	PUNCT
eistud-25803	197	11	no	no	INTJ
eistud-25803	197	12	.	.	PROPN
eistud-25803	197	13	38	38	NUM
eistud-25803	197	14	,	,	PUNCT
eistud-25803	197	15	2006	2006	NUM
eistud-25803	197	16	.	.	PUNCT
eistud-25803	198	1	grubel	grubel	PROPN
eistud-25803	198	2	h.	h.	PROPN
eistud-25803	198	3	the	the	DET
eistud-25803	198	4	evolution	evolution	NOUN
eistud-25803	198	5	of	of	ADP
eistud-25803	198	6	the	the	DET
eistud-25803	198	7	theory	theory	NOUN
eistud-25803	198	8	of	of	ADP
eistud-25803	198	9	monetary	monetary	ADJ
eistud-25803	198	10	integration	integration	NOUN
eistud-25803	198	11	.	.	PUNCT
eistud-25803	199	1	research	research	NOUN
eistud-25803	199	2	in	in	ADP
eistud-25803	199	3	global	global	ADJ
eistud-25803	199	4	strategic	strategic	ADJ
eistud-25803	199	5	management	management	NOUN
eistud-25803	199	6	,	,	PUNCT
eistud-25803	199	7	vol	vol	NOUN
eistud-25803	199	8	.	.	PROPN
eistud-25803	199	9	12	12	NUM
eistud-25803	199	10	,	,	PUNCT
eistud-25803	199	11	amsterdam	amsterdam	PROPN
eistud-25803	199	12	:	:	PUNCT
eistud-25803	199	13	elsevier	elsevier	NOUN
eistud-25803	199	14	,	,	PUNCT
eistud-25803	199	15	2006	2006	NUM
eistud-25803	199	16	;	;	PUNCT
eistud-25803	199	17	gros	gros	PROPN
eistud-25803	199	18	d.	d.	PROPN
eistud-25803	199	19	,	,	PUNCT
eistud-25803	199	20	thygesen	thygesen	ADJ
eistud-25803	199	21	n.	n.	PROPN
eistud-25803	199	22	european	european	ADJ
eistud-25803	199	23	monetary	monetary	ADJ
eistud-25803	199	24	integration	integration	NOUN
eistud-25803	199	25	:	:	PUNCT
eistud-25803	199	26	from	from	ADP
eistud-25803	199	27	the	the	DET
eistud-25803	199	28	european	european	ADJ
eistud-25803	199	29	monetary	monetary	ADJ
eistud-25803	199	30	system	system	NOUN
eistud-25803	199	31	to	to	ADP
eistud-25803	199	32	economic	economic	ADJ
eistud-25803	199	33	and	and	CCONJ
eistud-25803	199	34	monetary	monetary	ADJ
eistud-25803	199	35	union	union	PROPN
eistud-25803	199	36	.	.	PUNCT
eistud-25803	200	1	harlow	harlow	PROPN
eistud-25803	200	2	:	:	PUNCT
eistud-25803	201	1	longman,1998	longman,1998	PROPN
eistud-25803	201	2	;	;	PUNCT
eistud-25803	201	3	hitiris	hitiris	PROPN
eistud-25803	201	4	t.	t.	PROPN
eistud-25803	201	5	european	european	PROPN
eistud-25803	201	6	union	union	PROPN
eistud-25803	201	7	economics	economic	NOUN
eistud-25803	201	8	.	.	PUNCT
eistud-25803	202	1	london1998	london1998	PROPN
eistud-25803	202	2	;	;	PUNCT
eistud-25803	202	3	horvath	horvath	PROPN
eistud-25803	202	4	h.	h.	PROPN
eistud-25803	202	5	,	,	PUNCT
eistud-25803	202	6	komarek	komarek	PROPN
eistud-25803	202	7	l.	l.	PROPN
eistud-25803	202	8	optimum	optimum	PROPN
eistud-25803	202	9	currency	currency	NOUN
eistud-25803	202	10	area	area	NOUN
eistud-25803	202	11	theory	theory	NOUN
eistud-25803	202	12	:	:	PUNCT
eistud-25803	202	13	an	an	DET
eistud-25803	202	14	approach	approach	NOUN
eistud-25803	202	15	for	for	ADP
eistud-25803	202	16	thinking	think	VERB
eistud-25803	202	17	about	about	ADP
eistud-25803	202	18	monetary	monetary	ADJ
eistud-25803	202	19	integration	integration	NOUN
eistud-25803	202	20	.	.	PUNCT
eistud-25803	202	21	,	,	PUNCT
eistud-25803	202	22	warwick	warwick	PROPN
eistud-25803	202	23	economic	economic	ADJ
eistud-25803	202	24	research	research	NOUN
eistud-25803	202	25	papers	paper	NOUN
eistud-25803	202	26	,	,	PUNCT
eistud-25803	202	27	647	647	NUM
eistud-25803	202	28	,	,	PUNCT
eistud-25803	202	29	2002	2002	NUM
eistud-25803	202	30	;	;	PUNCT
eistud-25803	202	31	horvath	horvath	PROPN
eistud-25803	202	32	r.	r.	PROPN
eistud-25803	202	33	,	,	PUNCT
eistud-25803	202	34	komarek	komarek	PROPN
eistud-25803	202	35	l.	l.	PROPN
eistud-25803	202	36	optimum	optimum	PROPN
eistud-25803	202	37	currency	currency	NOUN
eistud-25803	202	38	area	area	NOUN
eistud-25803	202	39	theory	theory	NOUN
eistud-25803	202	40	:	:	PUNCT
eistud-25803	202	41	a	a	DET
eistud-25803	202	42	framework	framework	NOUN
eistud-25803	202	43	for	for	ADP
eistud-25803	202	44	discussion	discussion	NOUN
eistud-25803	202	45	about	about	ADP
eistud-25803	202	46	monetary	monetary	ADJ
eistud-25803	202	47	integration	integration	NOUN
eistud-25803	202	48	.	.	PUNCT
eistud-25803	203	1	warwick	warwick	PROPN
eistud-25803	203	2	economic	economic	PROPN
eistud-25803	203	3	research	research	PROPN
eistud-25803	203	4	paper	paper	NOUN
eistud-25803	203	5	,	,	PUNCT
eistud-25803	203	6	no	no	DET
eistud-25803	203	7	665	665	NUM
eistud-25803	203	8	,	,	PUNCT
eistud-25803	203	9	2003	2003	NUM
eistud-25803	203	10	;	;	PUNCT
eistud-25803	203	11	horvath	horvath	PROPN
eistud-25803	203	12	r.	r.	PROPN
eistud-25803	203	13	optimum	optimum	PROPN
eistud-25803	203	14	currency	currency	NOUN
eistud-25803	203	15	area	area	NOUN
eistud-25803	203	16	indices	indice	VERB
eistud-25803	203	17	:	:	PUNCT
eistud-25803	203	18	evidence	evidence	NOUN
eistud-25803	203	19	from	from	ADP
eistud-25803	203	20	1990s	1990s	NUM
eistud-25803	203	21	.	.	PUNCT
eistud-25803	204	1	warwick	warwick	PROPN
eistud-25803	204	2	economic	economic	ADJ
eistud-25803	204	3	research	research	NOUN
eistud-25803	204	4	papers	paper	NOUN
eistud-25803	204	5	,	,	PUNCT
eistud-25803	204	6	no	no	INTJ
eistud-25803	204	7	.	.	NOUN
eistud-25803	204	8	665	665	NUM
eistud-25803	204	9	,	,	PUNCT
eistud-25803	204	10	2003	2003	NUM
eistud-25803	204	11	;	;	PUNCT
eistud-25803	204	12	114	114	NUM
eistud-25803	204	13	issn	issn	PROPN
eistud-25803	204	14	1822	1822	NUM
eistud-25803	204	15	-	-	SYM
eistud-25803	204	16	8402	8402	NUM
eistud-25803	204	17	european	european	ADJ
eistud-25803	204	18	integration	integration	NOUN
eistud-25803	204	19	studies	study	NOUN
eistud-25803	204	20	.	.	PUNCT
eistud-25803	205	1	2008	2008	NUM
eistud-25803	205	2	.	.	PUNCT
eistud-25803	206	1	no	no	DET
eistud-25803	206	2	2	2	NUM
eistud-25803	206	3	mckinnon	mckinnon	PROPN
eistud-25803	206	4	r.	r.	PROPN
eistud-25803	206	5	mundell	mundell	PROPN
eistud-25803	206	6	,	,	PUNCT
eistud-25803	206	7	the	the	DET
eistud-25803	206	8	euro	euro	NOUN
eistud-25803	206	9	,	,	PUNCT
eistud-25803	206	10	and	and	CCONJ
eistud-25803	206	11	optimum	optimum	ADJ
eistud-25803	206	12	currency	currency	NOUN
eistud-25803	206	13	areas	area	NOUN
eistud-25803	206	14	.	.	PUNCT
eistud-25803	207	1	stanford	stanford	PROPN
eistud-25803	207	2	university	university	PROPN
eistud-25803	207	3	,	,	PUNCT
eistud-25803	207	4	department	department	NOUN
eistud-25803	207	5	of	of	ADP
eistud-25803	207	6	economics	economic	NOUN
eistud-25803	207	7	,	,	PUNCT
eistud-25803	207	8	2000	2000	NUM
eistud-25803	207	9	;	;	PUNCT
eistud-25803	207	10	maes	maes	PROPN
eistud-25803	207	11	i.	i.	PROPN
eistud-25803	207	12	optimum	optimum	PROPN
eistud-25803	207	13	currency	currency	NOUN
eistud-25803	207	14	area	area	NOUN
eistud-25803	207	15	theory	theory	NOUN
eistud-25803	207	16	and	and	CCONJ
eistud-25803	207	17	european	european	ADJ
eistud-25803	207	18	monetary	monetary	ADJ
eistud-25803	207	19	integration	integration	NOUN
eistud-25803	207	20	.	.	PUNCT
eistud-25803	208	1	tijdschrift	tijdschrift	PROPN
eistud-25803	208	2	voor	voor	PROPN
eistud-25803	208	3	economie	economie	PROPN
eistud-25803	208	4	en	en	PROPN
eistud-25803	208	5	management	management	NOUN
eistud-25803	208	6	vol	vol	NOUN
eistud-25803	208	7	.	.	PUNCT
eistud-25803	209	1	xxxvii	xxxvii	PROPN
eistud-25803	209	2	,	,	PUNCT
eistud-25803	209	3	2	2	NUM
eistud-25803	209	4	,	,	PUNCT
eistud-25803	209	5	1992	1992	NUM
eistud-25803	209	6	;	;	PUNCT
eistud-25803	209	7	theil	theil	PROPN
eistud-25803	209	8	,	,	PUNCT
eistud-25803	209	9	h.	h.	PROPN
eistud-25803	209	10	economic	economic	ADJ
eistud-25803	209	11	forecasts	forecast	NOUN
eistud-25803	209	12	and	and	CCONJ
eistud-25803	209	13	policy	policy	NOUN
eistud-25803	209	14	.	.	PUNCT
eistud-25803	210	1	amsterdam	amsterdam	PROPN
eistud-25803	210	2	,	,	PUNCT
eistud-25803	210	3	ne	ne	PROPN
eistud-25803	210	4	:	:	PUNCT
eistud-25803	210	5	north	north	NOUN
eistud-25803	210	6	-	-	PUNCT
eistud-25803	210	7	holland	holland	PROPN
eistud-25803	210	8	,	,	PUNCT
eistud-25803	210	9	1961	1961	NUM
eistud-25803	210	10	;	;	PUNCT
eistud-25803	210	11	vetlov	vetlov	NOUN
eistud-25803	210	12	i.	i.	PROPN
eistud-25803	210	13	euras	euras	PROPN
eistud-25803	210	14	lietuvos	lietuvos	PROPN
eistud-25803	210	15	pinigai	pinigai	PROPN
eistud-25803	210	16	.	.	PUNCT
eistud-25803	211	1	pinig	pinig	PROPN
eistud-25803	211	2	studijos	studijos	NOUN
eistud-25803	211	3	,	,	PUNCT
eistud-25803	211	4	2004/4	2004/4	NUM
eistud-25803	211	5	,	,	PUNCT
eistud-25803	211	6	2004	2004	NUM
eistud-25803	211	7	;	;	PUNCT
eistud-25803	211	8	working	work	VERB
eistud-25803	211	9	paper	paper	NOUN
eistud-25803	211	10	of	of	ADP
eistud-25803	211	11	the	the	DET
eistud-25803	211	12	international	international	ADJ
eistud-25803	211	13	monetary	monetary	ADJ
eistud-25803	211	14	fund	fund	NOUN
eistud-25803	211	15	.	.	PUNCT
eistud-25803	212	1	a	a	DET
eistud-25803	212	2	model	model	NOUN
eistud-25803	212	3	of	of	ADP
eistud-25803	212	4	an	an	DET
eistud-25803	212	5	optimum	optimum	ADJ
eistud-25803	212	6	currency	currency	NOUN
eistud-25803	212	7	area	area	NOUN
eistud-25803	212	8	.	.	PUNCT
eistud-25803	213	1	imf	imf	PROPN
eistud-25803	213	2	working	working	PROPN
eistud-25803	213	3	paper	paper	PROPN
eistud-25803	213	4	wp/97/76	wp/97/76	NOUN
eistud-25803	213	5	,	,	PUNCT
eistud-25803	213	6	1997	1997	NUM
eistud-25803	213	7	.	.	PUNCT
eistud-25803	214	1	zimmermann	zimmermann	PROPN
eistud-25803	214	2	h.	h.	PROPN
eistud-25803	215	1	the	the	DET
eistud-25803	215	2	euro	euro	NOUN
eistud-25803	215	3	under	under	ADP
eistud-25803	215	4	scrutiny	scrutiny	NOUN
eistud-25803	215	5	:	:	PUNCT
eistud-25803	215	6	histories	history	NOUN
eistud-25803	215	7	and	and	CCONJ
eistud-25803	215	8	theories	theory	NOUN
eistud-25803	215	9	of	of	ADP
eistud-25803	215	10	european	european	ADJ
eistud-25803	215	11	monetary	monetary	ADJ
eistud-25803	215	12	integration	integration	NOUN
eistud-25803	215	13	.	.	PUNCT
eistud-25803	216	1	contemporary	contemporary	ADJ
eistud-25803	216	2	european	european	PROPN
eistud-25803	216	3	history	history	NOUN
eistud-25803	216	4	,	,	PUNCT
eistud-25803	216	5	2	2	NUM
eistud-25803	216	6	(	(	PUNCT
eistud-25803	216	7	2001	2001	NUM
eistud-25803	216	8	)	)	PUNCT
eistud-25803	216	9	,	,	PUNCT
eistud-25803	216	10	cambridge	cambridge	PROPN
eistud-25803	216	11	,	,	PUNCT
eistud-25803	216	12	2001	2001	NUM
eistud-25803	216	13	.	.	PUNCT
eistud-25803	217	1	the	the	DET
eistud-25803	217	2	article	article	NOUN
eistud-25803	217	3	has	have	AUX
eistud-25803	217	4	been	be	AUX
eistud-25803	217	5	reviewed	review	VERB
eistud-25803	217	6	.	.	PUNCT
eistud-25803	218	1	received	receive	VERB
eistud-25803	218	2	in	in	ADP
eistud-25803	218	3	march	march	PROPN
eistud-25803	218	4	,	,	PUNCT
eistud-25803	218	5	2008	2008	NUM
eistud-25803	218	6	;	;	PUNCT
eistud-25803	218	7	accepted	accept	VERB
eistud-25803	218	8	in	in	ADP
eistud-25803	218	9	april	april	PROPN
eistud-25803	218	10	,	,	PUNCT
eistud-25803	218	11	2008	2008	NUM
eistud-25803	218	12	.	.	PUNCT