McKibbin, Warwick; Bok, Tomas
There is a large and growing literature on the benefits and cost of European Monetary Union (EMU) in Europe. Much of the literature is theoretical in nature with very little empirical evaluation of the magnitudes of effects. This paper places some quantitative magnitudes on the scale of some issues in European monetary integration. It uses the European version of the MSG2 multicountry model to evaluate the variance of a number of European variables in the faces of shocks to money markets,...[Show more]
Items in Open Research are protected by copyright, with all rights reserved, unless otherwise indicated.