The purpose of this paper is to examine the self-enforcing nature of business cycle synchronisation in the process of monetary integration. Application of value added concept for description of business cycle and as a indicator of total economic activity is also discussed in the paper

Cover -- Half-title -- Series information -- Title page -- Copyright information -- Table of contents -- Introduction -- Chapter 1 The size of government in economics -- 1.1 Economic theory -- 1.2 Economic research -- 1.3 Economic freedom and macroaggregates -- 1.4 Holism and macroeconomics --...