Do Financial Markets Expect a Significant Delay before EMU ?

A. Frachot
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A. Frachot: CREST-ENSAE

International Finance from University Library of Munich, Germany

Abstract: This short note shows that there exists a simple relation between the private ECU, its theoretical value and the associated interest rates. From this relation, one can estimate the time to EMU as expected by financial markets and see whether this time is consistent with a monetary union taking place on January 1, 1999.

Keywords: EMU; ECU (search for similar items in EconPapers)
JEL-codes: F3 F4 (search for similar items in EconPapers)
Pages: 6 pages
Date: 1997-07-31
New Economics Papers: this item is included in nep-fmk and nep-ifn
Note: Type of Document - Acrobat PDF; prepared on IBM PC ; to print on HP; pages: 6; figures: included
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Persistent link: https://EconPapers.repec.org/RePEc:wpa:wuwpif:9707003

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