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

Lombardi, Marco J; Dees, Stephane

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.

Details

Published by: Palgrave Macmillan

Publication Date: 2010-07-14

Format: Hardcover

ISBN-13: 9780230243231

DOI: 10.1057/9780230282070

Dimensions: 216cm x140cm

Pages: 220