Catching the Flu from the United States
Synchronisation and Transmission Mechanisms to the Euro Area| By: | Kenneth A. Loparo; Marco J Lombardi; Stephane Dees |
| Publisher: | Springer Nature |
| Print ISBN: | 9780230243231 |
| eText ISBN: | 9780230282070 |
| Edition: | 0 |
| Copyright: | 2010 |
| Format: | Page Fidelity |
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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 US should fully assume its responsibility, minimizing shock transmission.