Catching the Flu from the United States: Synchronisation and Transmission Mechanisms to the Euro Area - Softcover

Inhaltsangabe

Looking at historical cross-country interactions, this book examines the role of the US in the world economy. Illustrating that US shocks tend to have a global nature and that Monetary Union only partially shelters the Euro area from its external environment, the US should fully assume its responsibility, minimizing shock transmission.

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