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Financial Market Integration and Business Cycle Volatility in a Monetary Union

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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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