{"product_id":"business-cycle-synchronization-the-tomas-rinkunas-9783639055153","title":"Business Cycle Synchronization - The Effects of Bilateral Trade Intensity and Economic Development","description":"There are groups of countries for which booms and recessions of economic activity occur approximately at the same time. They are said to have synchronous business cycles. However, there are countries the economic activity of which fluctuates very unevenly in relation to one another. This book uses several different methodologies to evaluate what effects the several factors have on bilateral business cycle synchronization. The book finds strong evidence that the bilateral trade intensity and similarity of economic development have the effect on business cycle synchronization. The findings of this work suggest that the true costs of joining a monetary union might be overestimated due to convergence and increased trade after joining a monetary union. The book also discusses how the findings may have implications to the coordination of fiscal policy between countries, financial portfolio management as well as the help in the discussion of which currency regime to choose: free float or a fix.\u003cbr\u003e\u003cbr\u003e\u003cb\u003eAuthor:\u003c\/b\u003e Tomas Rinkunas\u003cbr\u003e\u003cb\u003eISBN-10:\u003c\/b\u003e 3639055152\u003cbr\u003e\u003cb\u003eISBN-13:\u003c\/b\u003e 9783639055153\u003cbr\u003e\u003cb\u003ePublisher:\u003c\/b\u003e VDM Verlag Dr. Mueller E.K.\u003cbr\u003e\u003cb\u003eLanguage:\u003c\/b\u003e English\u003cbr\u003e\u003cb\u003ePublished:\u003c\/b\u003e 07\/29\/2008\u003cbr\u003e\u003cb\u003ePages:\u003c\/b\u003e 140\u003cbr\u003e\u003cb\u003eFormat:\u003c\/b\u003e Paperback\u003cbr\u003e\u003cb\u003eWeight:\u003c\/b\u003e 0.43lbs\u003cbr\u003e\u003cb\u003eSize:\u003c\/b\u003e 9.00h x 6.00w x 0.30d","brand":"Tomas Rinkunas","offers":[{"title":"Paperback","offer_id":48440343232767,"sku":"9783639055153","price":63.72,"currency_code":"USD","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0662\/2982\/9887\/files\/img_9940e2e4-530d-48f4-bc88-0682d6004bd0.jpg?v=1777181814","url":"https:\/\/www.whiterainbookhouse.com\/products\/business-cycle-synchronization-the-tomas-rinkunas-9783639055153","provider":"WR Book House","version":"1.0","type":"link"}