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Economic Integration, Asymmetries and the Desirability of a Monetary Union

Martine Carré and Sandrine Levasseur
Authors registered in the RePEc Author Service: Franck Portier ()

Journal of Economic Integration, 2000, vol. 15, 345-354

Abstract: Symmetry of shocks across countries is often considered as a necessary condi - tion 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 sec - toral shocks.

Keywords: Monetary; Union-Asymmetry (search for similar items in EconPapers)
JEL-codes: E30 F15 (search for similar items in EconPapers)
Date: 2000
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Working Paper: Economic Integration, Asymmetries and the Desirability of a Monetary Union (1996)
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