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Do Financial Markets Expect a Significant Delay before EMU ?

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Author Info
A. Frachot (CREST-ENSAE)
Abstract

This short note shows that there exists a simple relation between the private ECU, its theoretical value and the associated interest rates. From this relation, one can estimate the time to EMU as expected by financial markets and see whether this time is consistent with a monetary union taking place on January 1, 1999.

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File URL: http://129.3.20.41/eps/if/papers/9707/9707003.pdf
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Publisher Info
Paper provided by EconWPA in its series International Finance with number 9707003.

Download reference. The following formats are available: HTML (with abstract), plain text (with abstract), BibTeX, RIS (EndNote, RefMan, ProCite), ReDIF
Length: 6 pages
Date of creation: 31 Jul 1997
Date of revision:
Handle: RePEc:wpa:wuwpif:9707003

Note: Type of Document - Acrobat PDF; prepared on IBM PC ; to print on HP; pages: 6; figures: included
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Web page: http://129.3.20.41

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Related research
Keywords: EMU ECU;

Find related papers by JEL classification:
F3 - International Economics - - International Finance
F4 - International Economics - - Macroeconomic Aspects of International Trade and Finance

This paper has been announced in the following NEP Reports:

References listed on IDEAS
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
  1. D. F. I. Folkerts-Landau & Peter M. Garber, 1994. "Determining the Value of a Financial Unit of Account Based on Composite Currencies - The Case of the Private ECU," IMF Working Papers 94/72, International Monetary Fund.
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This page was last updated on 2009-12-9.

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