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http://dspace.mediu.edu.my:8181/xmlui/handle/10419/17784| Title: | Financial Market Integration and Business Cycle Volatility in a Monetary Union |
| Keywords: | F36 F41 F33 ddc:330 Open Economy Macroeconomics Monetary union Business cycles Financial markets Konjunkturzusammenhang Schock Volatilität Währungsunion Internationaler Finanzmarkt Marktintegration Offene Volkswirtschaft Makroökonomik Allgemeines Gleichgewicht Neue Makroökonomik offener Volkswirtschaften |
| Issue Date: | 16-Oct-2013 |
| Publisher: | Kiel Institute for the World Economy (IfW) Kiel |
| Description: | This paper uses a dynamic general equilibrium two-country optimizing sticky-price model to analyze the consequences of international financial market integration for the propagation of asymmetric productivity shocks in a monetary union. The model implies that business cycle volatility is higher the more integrated the capital markets of the member countries of the monetary union are. |
| URI: | http://koha.mediu.edu.my:8181/xmlui/handle/10419/17784 |
| Other Identifiers: | http://hdl.handle.net/10419/17784 ppn:351269231 |
| Appears in Collections: | EconStor |
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