Macroeconomic volatility, monetary union, and external exposure: evidence from five Eurozone members
Membership in a common currency area is thought to promote economic stability by facilitating macroeconomic convergence, but a country might give up important monetary policy tools that could help stabilize its economy following a shock. The effect of a common currency on macroeconomic volatility ca...
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| Format: | Article |
| Language: | English |
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Taylor & Francis Group
2020-07-01
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| Series: | Baltic Journal of Economics |
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| Online Access: | http://dx.doi.org/10.1080/1406099X.2020.1780694 |