학술저널
Economic Integration, Asymmetries and the Desirability of a Monetary Union
Economic Integration, Asymmetries and the Desirability of a Monetary Union
- 세종대학교 경제통합연구소
- Journal of Economic Integration
- 제15권 제2호
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2000.06345 - 354 (10 pages)
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Symmetry of shocks across countries is often considered as a necessary condition 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 sectoral shocks. (JEL Classifications: E3, F15)
Ⅰ. Introduction
Ⅱ. The Model
Ⅲ. Results
Ⅳ. Conclusion
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