Volatility and the Problems of Companies

Malcolm Crawford

Chapter 9 in One Money for Europe?, 1996, pp 123-134 from Palgrave Macmillan

Abstract: Abstract Many official documents on European monetary arrangements have described the purpose of the latter as the ‘creation of a European zone of monetary stability’. This phrase, while vague, summarises much of the appeal which the ERM has held for companies. EMU now appears to be attracting corporate support to a similar extent. The reductions in transaction costs alone which EMU offers are likely to win the endorsement of non-financial companies, and it will simplify their often complex arrangements for invoicing and price-notifications in foreign currencies.

Keywords: Exchange Rate; Interest Rate; Foreign Currency; Foreign Affiliate; European Monetary System (search for similar items in EconPapers)
Date: 1996
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DOI: 10.1007/978-1-349-25035-6_9

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