Bussière, Matthieu; Chudik, Alexander; Mehl, Arnaud - 2011
countries - real effective exchange rates, including those of the individual euro area economies, and compares impulse response …This paper provides evidence on whether the creation of the euro has changed the way global turbulences a¤ect euro area … and other economies. Specifically, it considers the impact of global shocks on the competitiveness of individual euro area …