The Currency Reform as the Last Stage of Economic and Monetary Union: Some Policy Questions
The paper discusses the policy problems of a project aimed at substituting several national currencies with one single currency. 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.
|Date of creation:||Nov 1991|
|Publication status:||published as European Economic Review Volume 36, April 1992|
|Contact details of provider:|| Postal: National Bureau of Economic Research, 1050 Massachusetts Avenue Cambridge, MA 02138, U.S.A.|
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- Greenwood, Jeremy & Williamson, Stephen D., 1989.
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- Jeremy Greenwood & Stephen D. Williamson, 1988. "International financial intermediation and aggregate fluctuations under alternative exchange rate regimes," Staff Report 112, Federal Reserve Bank of Minneapolis.
- Greenwood, J. & Williamson, S.D., 1989. "International Financial Intermediation And Aggregate Fluctuations Under Alternative Exchange Rate Regimes," University of Western Ontario, The Centre for the Study of International Economic Relations Working Papers 8902c, University of Western Ontario, The Centre for the Study of International Economic Relations.
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- Kenneth Froot & Kenneth Rogoff & Olivier Blanchard & Stanley Fischer, "undated". "The EMS, the EMU, and the Transition to a Common Currency," Working Paper 32216, Harvard University OpenScholar.
- Kenneth A. Froot & Kenneth Rogoff, 1991. "The EMS, the EMU, and the Transition to a Common Currency," NBER Working Papers 3684, National Bureau of Economic Research, Inc.
- Feenstra, Robert C., 1986. "Functional equivalence between liquidity costs and the utility of money," Journal of Monetary Economics, Elsevier, vol. 17(2), pages 271-291, March.
- N. Gregory Mankiw & David Romer (ed.), 1991. "New Keynesian Economics - Vol. 1: Imperfect Competition and Sticky Prices," MIT Press Books, The MIT Press, edition 1, volume 1, number 0262631334, July. Full references (including those not matched with items on IDEAS)
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