DP424 International Costs and Benefits from EMU
|Author(s):||George Alogoskoufis, Richard Portes|
|Publication Date:||June 1990|
|Keyword(s):||Fiscal Policy, Monetary Policy, Monetary Union, Policy Coordination|
|JEL(s):||423, 431, 432|
|Programme Areas:||International Macroeconomics|
|Link to this Page:||cepr.org/active/publications/discussion_papers/dp.php?dpno=424|
In this paper we examine the international implications of monetary union in the European Community (EMU) and the associated international costs and benefits. We consider prospective changes in international institutions, the potential role of the ecu as an international currency, and the implications of EMU for the international coordination of monetary and fiscal policies.