ENGLISH

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

By Filippo di Mauro , Stéphane Dees , Marco Lombardi

Book information

Publisher
Palgrave Macmillan
Year
2010
ISBN
0230243231, 9780230243231
Language
english
Format
PDF
Filesize
4 MB (3822505 bytes)
Pages
237\237
Time added
2011-06-04 13:46:07

Description

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 book argues that the US should fully assume its responsibility, minimizing shock transmission.

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