Are international business cycles different under fixed and flexible exchange rate regimes?
Michael Kouparitsas ()
Economic Perspectives, 1998, vol. 22, issue Q I, 46-64
Abstract:
A major concern surrounding European Monetary Union is that output fluctuations of member countries may become more volatile under a common currency because they will have increased sensitivity to foreign business cycles. This article analyzes the link between exchange rate regimes and the behavior of international business cycles.
Keywords: Business cycles; Foreign exchange rates; Group of Seven countries (search for similar items in EconPapers)
Date: 1998
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Persistent link: https://EconPapers.repec.org/RePEc:fip:fedhep:y:1998:i:qi:p:46-64:n:v.22no.1
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