shocks in Europe by comparing them with comparable measures for Canada and the United States. Real exchange rates, a standard … measure of the extent of assymetrical disturbances, remain considerably more variable in Europe than within the united states … mobility and the speed of labor market adjustment remain lower in Europe than in the United states. Thus, Europe remains …

shocks in Europe by comparing them with comparable measures for Canada and the United States. Real exchange rates, a standard … measure of the extent of assymetrical disturbances, remain considerably more variable in Europe than within the united states … mobility and the speed of labor market adjustment remain lower in Europe than in the United states. Thus, Europe remains …

The thesis of this paper is that there is no historical precedent for Europe's monetary union (EMU). While it is … possible to point to similar historical experiences, the most obvious of which were in the 19th century, occurred in Europe …

The thesis of this paper is that there is no historical precedent for Europe's monetary union (EMU). While it is … possible to point to similar historical experiences, the most obvious of which were in the 19th century, occurred in Europe …

"The thesis of this paper is that there is no historical precedent for Europe's monetary union (EMU). While it is … possible to point to similar historical experiences, the most obvious of which were in the 19th century, occurred in Europe …