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http://hdl.handle.net/10419/17784
  
Title:Financial Market Integration and Business Cycle Volatility in a Monetary Union PDF Logo
Authors:Pierdzioch, Christian
Issue Date:2002
Series/Report no.:Kieler Arbeitspapiere 1115
Abstract: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.
Subjects:Open Economy Macroeconomics
Monetary union
Business cycles
Financial markets
JEL:F36
F41
F33
Document Type:Working Paper
Appears in Collections:Publikationen von Forscherinnen und Forschern des IfW
Kieler Arbeitspapiere, IfW

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