Browsing Business by Subject "Areas"
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Did the euro common currency increase or decrease business cycle synchronization for its member countries?
(John Wiley and Sons, 2018-07)We use two variants of Markov switching models to assess changes in output synchronization since the creation of the euro. Out of eight eurozone countries investigated, only onethe Netherlandshas synchronization increased ... -
One continent, one currency? Varieties of common currency experience in Europe and Latin America
(John Wiley & Sons, Inc., 2006-08)Currency unions have been promoted as a means to increase trade, investment and growth. A crucial issue in giving up the domestic currency is the loss of a mechanism to absorb real external shocks. High real exchange ...