IDEAS home Printed from https://ideas.repec.org/
MyIDEAS: Login to save this paper

Three Comments on Exchange Rate Stabilization and European Monetary Union

This working paper consists of three comments on exchange rate matters, presented at recent conferences in Europe. They concern, respectively, why the Maastricht Agreement of December 1991 specified fiscal targets as the requirements for countries to join European bank intervention in the foreign exchange market. Foreign exchange intervention may be able to have an independent effect on the exchange rate in the short run. Nevertheless, a small country that wishes to fix its exchange rate and eliminate barriers to international capital movement, as a means of integrating with its neighbors, must ultimately be prepared to give up all monetary independence. We learned in 1992 that the populations of most European countries are in fact not yet prepared to give up that much economic sovereignty, notwithstanding the political aspirations of their leaders.

(This abstract was borrowed from another version of this item.)

To our knowledge, this item is not available for download. To find whether it is available, there are three options:
1. Check below under "Related research" whether another version of this item is available online.
2. Check on the provider's web page whether it is in fact available.
3. Perform a search for a similarly titled item that would be available.

Paper provided by University of California at Berkeley in its series Center for International and Development Economics Research (CIDER) Working Papers with number C93-013.

as
in new window

Length:
Date of creation: 01 Mar 1993
Date of revision:
Handle: RePEc:ucb:calbcd:c93-013
Contact details of provider: Postal:
University of California at Berkeley, Berkeley, CA USA

Phone: 510-642-0822
Fax: 510-642-6615
Web page: http://www.haas.berkeley.edu/groups/iber/wps/ciderwp.htm
Email:


More information through EDIRC

Order Information: Postal: IBER, F502 Haas Building, University of California at Berkeley, Berkeley CA 94720-1922
Email:


No references listed on IDEAS
You can help add them by filling out this form.

This item is not listed on Wikipedia, on a reading list or among the top items on IDEAS.

When requesting a correction, please mention this item's handle: RePEc:ucb:calbcd:c93-013. See general information about how to correct material in RePEc.

For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Christopher F. Baum)

If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

If references are entirely missing, you can add them using this form.

If the full references list an item that is present in RePEc, but the system did not link to it, you can help with this form.

If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your profile, as there may be some citations waiting for confirmation.

Please note that corrections may take a couple of weeks to filter through the various RePEc services.

This information is provided to you by IDEAS at the Research Division of the Federal Reserve Bank of St. Louis using RePEc data.