Journal Article
Are international business cycles different under fixed and flexible exchange rate regimes?
Abstract: A major concern surrounding European Monetary Union is that output fluctuations of member countries may become more volatile under a common currency because they will have increased sensitivity to foreign business cycles. This article analyzes the link between exchange rate regimes and the behavior of international business cycles.
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Bibliographic Information
Provider: Federal Reserve Bank of Chicago
Part of Series: Economic Perspectives
Publication Date: 1998
Volume: 22
Issue: Q I
Pages: 46-64