The EMU in a European Perspective: Lessons from Monetary Regimes in the Twentieth Century

Jonas Ljungberg

Chapter 8 in The Price of the Euro, 2004, pp 121-141 from Palgrave Macmillan

Abstract: Abstract Exchange rate economics is surrounded by mystery. For example, in a recent article in the Stockholm daily Dagens Nyheter (19 April 2003), four former and present chairmen of the board of the Bank of Sweden, the most well-known of which was the former finance minister Feldt, came up with the following propositions: 1. Sweden has benefited from a fixed exchange rate during ‘most of the 20th century’. 2. ‘Large parts of Europe’ have benefited from fixed exchange rates during the last two decades. 3. As a testimony to that Denmark, with fixed exchange rate, is compared with floating Sweden: during the last two decades the living standard of the average Danish household has overtaken and forged ahead of the average Swedish household.

Keywords: Exchange Rate; Monetary Policy; European Central Bank; European Monetary System; Maastricht Treaty (search for similar items in EconPapers)
Date: 2004
References: Add references at CitEc
Citations: View citations in EconPapers (1)

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:978-0-230-52380-7_8

Ordering information: This item can be ordered from
http://www.palgrave.com/9780230523807

DOI: 10.1057/9780230523807_8

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 ().