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

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Catching the Flu from the United States Synchronisation and Transmission Mechanisms to the Euro Area by di Mauro, Filippo; Dees, Stephane; Lombardi, Marco, 9780230243231
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  • ISBN: 9780230243231 | 0230243231
  • Cover: Hardcover
  • Copyright: 8/15/2010

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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 book argues that the US should fully assume its responsibility, minimizing shock transmission.
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