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Economic Integration, Asymmetries and the Desirability of a Monetary Union

Author

Listed:
  • Carré, Martine

    () (Euréqua - Université de Paris I and Crest)

  • Levasseur, Sandrine

    () (Care - Université de Rouen)

Abstract

Symmetry 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.

Suggested Citation

  • Carré, Martine & Levasseur, Sandrine, 2000. "Economic Integration, Asymmetries and the Desirability of a Monetary Union," Journal of Economic Integration, Center for Economic Integration, Sejong University, vol. 15, pages 345-354.
  • Handle: RePEc:ris:integr:0136
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    Cited by:

    1. Sandrine Levasseur, 2011. "Production under foreign ownership and domestic volatility: an empirical investigation at the sector level," Sciences Po publications 2011-01, Sciences Po.

    More about this item

    Keywords

    Monetary; Union-Asymmetry;

    JEL classification:

    • 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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