Lacking "Europeanisation" of National Business Cycles as a Risk for the Euro Area

Ten years after the start of EMU, the global financial market crisis is putting its viability to a test. In the absence of other mechanisms to smooth such a shock, a higher degree of economic policy co-ordination and closer co-operation between the euro area member countries and the ECB is urgently recommended. These steps could promote the necessary convergence towards a "European business cycle".

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Year of publication:	2009
Authors:	Breuss, Fritz
Published in:	Austrian Economic Quarterly. - Österreichisches Institut für Wirtschaftsforschung (WIFO). - Vol. 14.2009, 2, p. 91-104
Publisher:	Österreichisches Institut für Wirtschaftsforschung (WIFO)
Subject:	Harmonisation of the business cycle \| Monetary Union \| financial market crisis
Description of contents:	Abstract [wifo.ac.at]

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Type of publication:	Article
Source:	RePEc - Research Papers in Economics

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