Capital mobility and the synchronization of business cycles: Evidence from the European Union

Business cycle synchronization (BCS) is crucial for effective common monetary policy in the Eurozone. However, the impact of capital market integration on BCS is ambiguous in the literature. In this paper, we quantify the different channels through which capital mobility affects BCS, considering dyn...

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Veröffentlicht in:	Review of international economics 2021-09, Vol.29 (4), p.1065-1079
1. Verfasser:	Beck, Krzysztof
Format:	Artikel
Sprache:	eng
Schlagworte:	Ambiguity Business cycles Capital markets Capital movement Causality Contagion Economic integration Foreign investment Monetary policy Specialization Uncertainty Value chain
Online-Zugang:	Volltext
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