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The Currency Reform as the Last Stage of Economic and Monetary Union: Some Policy Questions

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  • Giovannini, Alberto
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    Abstract

    The paper discusses the policy problems involved in replacing several national currencies with a single currency in a monetary union. While these problems are of general interest, the analysis is motivated by the plan for Economic and Monetary Union among the members of the European Community. The issues discussed include the choice of conversion rates and the effects of exchange rate devaluations at the time of the monetary reform.

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    File URL: http://www.cepr.org/pubs/dps/DP591.asp
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    Bibliographic Info

    Paper provided by C.E.P.R. Discussion Papers in its series CEPR Discussion Papers with number 591.

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    Date of creation: Oct 1991
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    Handle: RePEc:cpr:ceprdp:591

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    Related research

    Keywords: Currency Reform; Exchange Rate Devaluation;

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    Cited by:
    1. Lehment, Harmen & Scheide, Joachim, 1992. "Die europäische Wirtschafts- und Währungsunion : Probleme des Übergangs," Open Access Publications from Kiel Institute for the World Economy 1513, Kiel Institute for the World Economy (IfW).

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