Bussière, Matthieu; Chudik, Alexander; Mehl, Arnaud - 2011
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 … countries - real effective exchange rates, including those of the individual euro area economies, and compares impulse response …