The Nominal Exchange Rate Implication of VAT Harmonization in EEC
This paper examines, in a one-good two-country Cournot competition model, the implication of European VAT reform on the nominal exchange rate parities which will be pegged in the third stage of monetary union. As result of the reform, the deutchmark needs to be reevaluated so as to prevent generating systematic external disequilibrium of some other European countries, which is inconsistent with pegging nominal exchange parities of European currencies.
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|Date of revision:||Jun 1996|
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- d'Aspremont, Claude & Dos Santos Ferreira, Rodolphe & Gerard-Varet, Louis-Andre, 1989.
"Unemployment in an Extended Cournot Oligopoly Model,"
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- Dai, Meixing, 1995. "Reexamination of the Purchasing Power Parity (PPP) under Cournot Competition," MPRA Paper 13906, University Library of Munich, Germany, revised Oct 1995.
- Brander, James A., 1981. "Intra-industry trade in identical commodities," Journal of International Economics, Elsevier, vol. 11(1), pages 1-14, February.Full references (including those not matched with items on IDEAS)
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