Business Cycle Synchronization - The Effects of Bilateral Trade Intensity and Economic Development

Name: Business Cycle Synchronization - The Effects of Bilateral Trade Intensity and Economic Development
Brand: VDM Verlag Dr. Mueller E.K.
SKU: 9783639055153
Price: 328.56 RON
Availability: InStock

Autor: Tomas Rinkunas

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Legare: Carte broșată

Editura: VDM Verlag Dr. Mueller E.K.

Disponibilitate: În depozitul extern

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There are groups of countries for which booms and recessionsof economic activity occur approximately...

Informații despre carte

Autor

Tomas Rinkunas

Limbă

engleză

Legare

Carte - Carte broșată

Publicat

2008

Pagini

140

EAN

9783639055153

ISBN

3639055152

Enbook ID

06814973

Editura

VDM Verlag Dr. Mueller E.K.

Greutate

195

Dimensiuni

152 x 229 x 8

Descriere completă

There are groups of countries for which booms and recessionsof economic activity occur approximately at the same time. They aresaid to have synchronous business cycles. However, there arecountries the economic activity of which fluctuates very unevenlyin relation to one another. This book uses several differentmethodologies to evaluate what effects the several factors have onbilateral business cycle synchronization. The book finds strongevidence that the bilateral trade intensity and similarity ofeconomic development have the effect on business cyclesynchronization. The findingsof this work suggest that the truecosts of joining a monetary union might be overestimated due toconvergence and increased trade after joining a monetary union. Thebook also discusses how the findings may have implications to thecoordination of fiscal policy between countries, financialportfolio management as well as the help in the discussion of whichcurrency regime to choose: free float or a fix.

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Business Cycle Synchronization - The Effects of Bilateral Trade Intensity and Economic Development

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