English, Article, Journal or magazine article edition: The Euro and Exchange Rate Stability Agnes Benassy-Quere; Benoit Mojon; Jean Pisani-Ferry

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Bookmark: http://trove.nla.gov.au/version/159198
Physical Description
  • preprint
Language
  • English

Edition details

Title
  • The Euro and Exchange Rate Stability
Author
  • Agnes Benassy-Quere
  • Benoit Mojon
  • Jean Pisani-Ferry
Physical Description
  • preprint
Notes
  • The move to monetary union in Europe will represent a major change for the International Monetary System. Indeed, it will be the first time that large countries give up their national currencies to create a new, common money. This paper investigates the impact it will have on global exchange rate stability. More precisely, we examine whether the real exchange rate of the euro vis-a-vis third currencies will in the long run be more or less stable than the average real exchange rate of the corresponding basket of European currencies.
  • EMU; exchange rate; euro; ECB
  • RePEc:cii:cepidt:1997-12
Language
  • English
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