Economic Integration, Asymmetries and the Desirability of a Monetary Union

Carré, Martine; Levasseur, Sandrine; Portier, Franck

doi:2000.15.2.345

Journal of Economic Integration 2000 June;15(2) :345-354.
DOI: https://doi.org/10.11130/jei.2000.15.2.345

Economic Integration, Asymmetries and the Desirability of a Monetary Union

Martine Carré, Sandrine Levasseur, Franck Portier

Euréqua - Université de Paris I and Crest
Care - Université de Rouen
Gremaq, Leerna & Idei, Université des Sciences Sociales de Toulouse

ABSTRACT

Symmetry of shocks across countries is often considered as a necessary condition for a monetary union. We show that the measure of shocks symmetry does not reveal a deep parameter, and depends on economic integration. The more integrated economies are, the more asymmetric are GDPs for a given set of sectoral shocks. (JEL Classifications: E3, F15) <

Keywords: M

REFERENCE

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