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.Clark, T. and E. van Wincoop, 2001, a#39;Borders and Business Cyclesa#39;, Journal of International Economics, 55, 59-85. ... Kose, A., E. Prasad and M. Terrones, 2003, a#39;How Does Globalization Affect the Synchronization of Business Cycles?
|Title||:||Catching the Flu from the United States|
|Author||:||Filippo di Mauro, Stephane Dees, Marco Lombardi|
|Publisher||:||Palgrave Macmillan - 2010-08-15|