Discussion Paper Details
Please find the details for DP1673 in an easy to copy and paste format below:
Title: How Will the Euro behave?
Author(s): Daniel Cohen
Publication Date: July 1997
Keyword(s): Euro, European Monetary Integration and Exchange Rate Fluctuations
Programme Area(s): International Macroeconomics
Abstract: This paper investigates theoretically and empirically the effect on exchange rates of integrating monetary policy in Europe. It shows that the likely effect will be to generate a tighter European monetary policy (notwithstanding credibility aspects which are not discussed). The argument is that trade disequilibria will be less of a threat to European monetary policy than it is at the moment. Under certain circumstances, which are explored in the text, this could lead to a more volatile euro than we have currently (as a basket of currencies).
For full details and related downloads, please visit: https://cepr.org/active/publications/discussion_papers/dp.php?dpno=1673
Cohen, D. 1997. 'How Will the Euro behave?'. London, Centre for Economic Policy Research. https://cepr.org/active/publications/discussion_papers/dp.php?dpno=1673