Register  |  Login  |  Inquiries  |  Sitemap |  
Advanced Search
Journal of Economic Integration 2000 June;15(2) :345-354.
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
Copyright ©2000 Journal of Economic Integration
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
1. Krugman, P. [1991], Geography and Trade. MIT Press, Cambridge, Mass.
2. Eichengreen, B. [1990], "One Money for Europe? Lessons from the US Currency Union," Economic Policy 10; pp. 119-87.
3. Helg, R., P. Manasse, T. Monacelli, and R. Rovelli [1995], "How much (A)symmetry in Europe? Evidence from Industrial Sectors," European Economic Review 39; pp. 1017-1041.
Editorial Office
Center for Economic Integration, Sejong University, 209, Neungdong-Ro, Gwangjin-Gu,
Seoul, 05006, Korea
TEL : +82-2-3408-3338    FAX : +82-2-6935-2492   E-mail :,
Browse Articles |  Current Issue |  For Authors and Reviewers |  About
Copyright© by Center for Economic Integration.      Developed in M2PI