Adjustment to asymmetric shocks Economic Affairs Series Econ104
paper
Author
European Parliament
Patterson, Ben
Amati, Simona
Date
1998-09Subject headings
Economic Affairs ; Asymmetry ; Macroeconomic ; Improving markets ; Exchange ratesAbstract
The fact of monetary union means that over 60% of Member States’ external trade will automatically become domestic transactions. By comparison with the individual countries making it up, therefore, the euro area will be an autarkic economy, with external trade accounting for only between 10%-15% of GDP, (depending largely upon whether all 15 Member States eventually participate).
Number of pages
74p.Language
EnglishFrench
German
Description
AX-17-98-241-EN-CEconomic Affairs Series ECON-104 AX