Financial Market Integration and Business Cycle Volatility in a Monetary Union

dc.creator	Pierdzioch, Christian
dc.date	2002
dc.date.accessioned	2013-10-16T06:56:44Z
dc.date.available	2013-10-16T06:56:44Z
dc.date.issued	2013-10-16
dc.identifier	http://hdl.handle.net/10419/17784
dc.identifier	ppn:351269231
dc.identifier.uri	http://koha.mediu.edu.my:8181/xmlui/handle/10419/17784
dc.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.
dc.language	eng
dc.publisher	Kiel Institute for the World Economy (IfW) Kiel
dc.relation	Kieler Arbeitspapiere 1115
dc.rights	http://www.econstor.eu/dspace/Nutzungsbedingungen
dc.subject	F36
dc.subject	F41
dc.subject	F33
dc.subject	ddc:330
dc.subject	Open Economy Macroeconomics
dc.subject	Monetary union
dc.subject	Business cycles
dc.subject	Financial markets
dc.subject	Konjunkturzusammenhang
dc.subject	Schock
dc.subject	Volatilität
dc.subject	Währungsunion
dc.subject	Internationaler Finanzmarkt
dc.subject	Marktintegration
dc.subject	Offene Volkswirtschaft
dc.subject	Makroökonomik
dc.subject	Allgemeines Gleichgewicht
dc.subject	Neue Makroökonomik offener Volkswirtschaften
dc.title	Financial Market Integration and Business Cycle Volatility in a Monetary Union
dc.type	doc-type:workingPaper

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