Economic Integration, Asymmetries and the Desirability of a Monetary Union
AbstractSymmetry of shocks across countries is often considered as a necessary condi - tion for a monetary union. We show that the measure of shocks symmetry does not reveal a deep parameter, and depends on economic integration. The more integrated economies are, the more asymmetric are GDPs for a given set of sec - toral shocks.
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Bibliographic InfoArticle provided by Center for Economic Integration, Sejong University in its journal Journal of Economic Integration.
Volume (Year): 15 (2000)
Issue (Month): ()
Other versions of this item:
- Carre, M & Levasseur, S & Portier, F, 1996. "Economic Integration, Asymmetries and the Desirability of a Monetary Union," Papiers d'Economie MathÃÂ©matique et Applications 96.54, UniversitÃ© PanthÃ©on-Sorbonne (Paris 1).
- E30 - Macroeconomics and Monetary Economics - - Prices, Business Fluctuations, and Cycles - - - General (includes Measurement and Data)
- F15 - International Economics - - Trade - - - Economic Integration
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- Sandrine Levasseur, 2011. "Production under foreign ownership and domestic volatility: An empirical investigation at the sector level," Documents de Travail de l'OFCE 2011-01, Observatoire Francais des Conjonctures Economiques (OFCE).
- Sandrine Levasseur, 2011. "Production under foreign ownership and domestic volatility: an empirical investigation at the sector level," Sciences Po publications 2011-01, Sciences Po.
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