Comércio e ciclos na União Monetária Européia / Trade and cycles in the European Monetary Union

AUTOR(ES)

Tiago de Menezes Soares

DATA DE PUBLICAÇÃO

2007

RESUMO

The goal of this paper is to investigate, by means of a simple difs-in-difs technique, whether the adoption of the monetary union among the members of the European Monetary Union (EMU) has increased both bilateral trade and bilateral correlation of business cycles between them rather than amidst other OECD economies. We present evidence suggesting this to be the case, witch tells us that monetary union, as the last stage of the theories of economic integration, may not be an end by itself, but means of achieving the economic integration.

ASSUNTO(S)

ciclos econômicos international trade comércio internacional european monetary union união monetária européia business cycles

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