Catching the flu from the United States: synchronisation and transmission mechanisms to the Euro Area

Looking at historical cross-country interactions, this book examines the roleof 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 fromits external environment, the US should fully assume its responsibility, minimizing shock transmission. INDICE: Preface - Acknowledgements - Introduction - Business Cycle Synchronisation: Disentangling Global Trade and Financial Linkages - Business Cycle Synchronisation: The United States and the Euro Area - The United States and the Euro Area: What do Structural Models say about the Linkages? - The United States and the Euro Area: The Role of Asset Prices - Economic Interactions US-Euro Area over the 2007-09 Financial crisis: What did we Learn? - Relationship US-Euro area in a Context of possible Systemic Changes - Conclusion - Index

• ISBN: 978-0-230-24323-1
• Editorial: Palgrave Macmillan
• Encuadernacion: Cartoné
• Páginas: 240
• Fecha Publicación: 16/07/2010
• Nº Volúmenes: 1
• Idioma: Inglés