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

by Filippodi Mauro (Author), StephaneDees (Author), Marco J Lombardi (Author)

• New

  Hardcover
  2010

  $129.12

  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.