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Will the Emergence of the Euro Affect World Commodity Prices?

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  • John T. Cuddington
  • Hong Liang

Abstract

The emergence of the euro as a key currency, perhaps eventually rivalling the US dollar in importance, may have important macroeconomic implications for industrial as well as developing economies in the years ahead. This paper focuses on two related questions. First, what effects, if any, will the euro have on the volatility of world primary commodity prices? Second, why should the impact of the euro on real commodity prices be of interest to economic analysts and policy makers?

Suggested Citation

  • John T. Cuddington & Hong Liang, 2000. "Will the Emergence of the Euro Affect World Commodity Prices?," WIDER Working Paper Series wp-2000-178, World Institute for Development Economic Research (UNU-WIDER).
  • Handle: RePEc:unu:wpaper:wp-2000-178
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    Cited by:

    1. Hali Edison & Paul Cashin & Hong Liang, 2006. "Foreign exchange intervention and the Australian dollar: has it mattered?," International Journal of Finance & Economics, John Wiley & Sons, Ltd., vol. 11(2), pages 155-171.
    2. Massimiliano Serati & Gianni Amisano, 2008. "Building composite leading indexes in a dynamic factor model framework: a new proposal," LIUC Papers in Economics 212, Cattaneo University (LIUC).
    3. René Lalonde & Zhenhua Zhu & Frédérick Demers, 2003. "Forecasting and Analyzing World Commodity Prices," Money Affairs, Centro de Estudios Monetarios Latinoamericanos, CEMLA, vol. 0(1), pages 1-30, January-J.

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    More about this item

    Keywords

    International economic relations; International finance; Macroeconomics; Monetary policy; Prices;
    All these keywords.

    JEL classification:

    • F33 - International Economics - - International Finance - - - International Monetary Arrangements and Institutions
    • O13 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - Agriculture; Natural Resources; Environment; Other Primary Products
    • F41 - International Economics - - Macroeconomic Aspects of International Trade and Finance - - - Open Economy Macroeconomics

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