Christev, Atanas CHRISTEV; Melitz, Jacques MELITZ - Centre de Recherche en Économie et Statistique … - 2010
This empirical study of the impact of EMU on capital market integration and consumptionsmoothing comes to three conclusions: first, EMU promotes members’ holdings of foreign assetsand foreign liabilities; second, no benefits of consumption smoothing result; third, EU membership,not a single...