Lacking "Europeanisation" of National Business Cycles as a Risk for the Euro Area
Fritz Breuss ()
Austrian Economic Quarterly, 2009, vol. 14, issue 2, 91-104
Ten years after the start of EMU, the global financial market crisis is putting its viability to a test. In the absence of other mechanisms to smooth such a shock, a higher degree of economic policy co-ordination and closer co-operation between the euro area member countries and the ECB is urgently recommended. These steps could promote the necessary convergence towards a "European business cycle".
Keywords: Harmonisation of the business cycle; Monetary Union; financial market crisis (search for similar items in EconPapers)
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Persistent link: https://EconPapers.repec.org/RePEc:wfo:wquart:y:2009:i:2:p:91-104
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