Are international business cycles different under fixed and flexible exchange rate regimes?

A major concern surrounding European Monetary Union is that output fluctuations of member countries may become more volatile under a common currency because they will have increased sensitivity to foreign business cycles. This article analyzes the link between exchange rate regimes and the behavior of international business cycles.

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Year of publication:	1998
Authors:	Kouparitsas, Michael A.
Published in:	Economic Perspectives. - Federal Reserve Bank of Chicago. - 1998, Q I, v. 22, no. 1, p. 46-64
Publisher:	Federal Reserve Bank of Chicago
Subject:	Business cycles \| Foreign exchange rates \| Group of Seven countries

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Extent:	application/pdf
Type of publication:	Article
Language:	English
Source:	RePEc - Research Papers in Economics

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