Artis, Michael J.; Okubo, Toshihiro - Faculty of Economics, Keio University - 2011
first globalization period, the "bloc economy" period and the second globalization period. The business cycle is identified … inspection that the business cycle characteristics and the pattern of crosscorrelations in the bloc economy period are different … globalization, that is, well before any manifestation of a common Euro-currency is available. By contrast, Asian business cycle co …