Discussion of Chapter 11

Alan Sutherland

A chapter in From EMS to EMU: 1979 to 1999 and Beyond, 1999, pp 282-283 from Palgrave Macmillan

Abstract: Abstract Chapter 11 tackles an interesting and important question for the future of the euro and it summarises some of the central concepts and quantitative issues. But in the end it leaves many open questions. The main conclusions of the chapter amount to little more than an observation that the euro will be an important international currency and that its use will increase through time. This conclusion is almost certainly correct, but it is very limited. The main problem with the chapter is that it fails to use a clear theoretical framework. Such a framework (based on the Krugman, Chrystal or Rey models cited in the chapter) would have added clarity to the chapter’s existing conclusions while allowing the author to provide answers to (or at least to shed more light on) many additional questions.

Keywords: Financial Asset; Central Concept; Network Externality; International Currency; Reduce Transaction Cost (search for similar items in EconPapers)
Date: 1999
References: Add references at CitEc
Citations:

There are no downloads for this item, see the EconPapers FAQ for hints about obtaining it.

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:pal:palchp:978-1-349-27745-2_19

Ordering information: This item can be ordered from
http://www.palgrave.com/9781349277452

DOI: 10.1007/978-1-349-27745-2_19

Access Statistics for this chapter

More chapters in Palgrave Macmillan Books from Palgrave Macmillan
Bibliographic data for series maintained by Sonal Shukla () and Springer Nature Abstracting and Indexing ().