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.