Catching the Flu from the United States
Synchronisation and Transmission Mechanisms to the Euro Area
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Beschreibung
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 US should fully assume its responsibility, minimizing shock transmission.
Autor*in
Marco J Lombardi
Themen in »Catching the Flu from the United States«
business business cycle economy environment Euro Euro area financial crisis interaction monetary union rating science and technology systemic change trade USA