Arbeitspapier
Financial Market Integration and Business Cycle Volatility in a Monetary Union
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.
- Sprache
-
Englisch
- Erschienen in
-
Series: Kiel Working Paper ; No. 1115
- Klassifikation
-
Wirtschaft
Financial Aspects of Economic Integration
Open Economy Macroeconomics
International Monetary Arrangements and Institutions
- Thema
-
Open Economy Macroeconomics
Monetary union
Business cycles
Financial markets
Konjunkturzusammenhang
Schock
Volatilität
Währungsunion
Internationaler Finanzmarkt
Marktintegration
Offene Volkswirtschaft
Makroökonomik
Allgemeines Gleichgewicht
Neue Makroökonomik offener Volkswirtschaften
- Ereignis
-
Geistige Schöpfung
- (wer)
-
Pierdzioch, Christian
- Ereignis
-
Veröffentlichung
- (wer)
-
Kiel Institute for World Economics (IfW)
- (wo)
-
Kiel
- (wann)
-
2002
- Handle
- Letzte Aktualisierung
-
10.03.2025, 11:46 MEZ
Datenpartner
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ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. Bei Fragen zum Objekt wenden Sie sich bitte an den Datenpartner.
Objekttyp
- Arbeitspapier
Beteiligte
- Pierdzioch, Christian
- Kiel Institute for World Economics (IfW)
Entstanden
- 2002
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