Pegging the CEEC's Currencies to the Euro

Agnès Bénassy-Quéré () and Amina Lahreche-Revil

Working Papers from CEPII research center

Abstract: Existing work on the potential role of the euro as an international currency generally focuses on the means-of-payment and store-of-value functions. The unit-of-account function is often left aside, perhaps because trade invoicing is especially subject to inertia, due to network externalities, or because this function is considered to be a consequence of other functions.

Keywords: MONETARY AREAS; CURRENCIES; EASTERN EUROPE; EUROPE (search for similar items in EconPapers)
JEL-codes: F36 F31 F33 (search for similar items in EconPapers)
Date: 1998-08
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Persistent link: http://EconPapers.repec.org/RePEc:cii:cepidt:1998-04

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