How Will the Euro behave?

Daniel Cohen

No 1673, CEPR Discussion Papers from Centre for Economic Policy Research

Abstract: This paper investigates theoretically and empirically the effect on exchange rates of integrating monetary policy in Europe. It shows that the likely effect will be to generate a tighter European monetary policy (notwithstanding credibility aspects which are not discussed). The argument is that trade disequilibria will be less of a threat to European monetary policy than it is at the moment. Under certain circumstances, which are explored in the text, this could lead to a more volatile euro than we have currently (as a basket of currencies).

Keywords: Euro; European Monetary Integration; Exchange Rate Fluctuations (search for similar items in EconPapers)
JEL-codes: F3 F4 (search for similar items in EconPapers)
Date: 1997-07
References: Add references at CitEc
Citations: View citations in EconPapers (47)

Downloads: (external link)
http://www.cepr.org/active/publications/discussion_papers/dp.php?dpno=1673 (application/pdf)

Related works:
Working Paper: How will the euro behave ? (1997)
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:cpr:ceprdp:1673

Ordering information: This working paper can be ordered from
http://www.cepr.org/ ... ers/dp.php?dpno=1673

Access Statistics for this paper

More papers in CEPR Discussion Papers from Centre for Economic Policy Research 33 Great Sutton Street, London EC1V 0DX, UK.
Bibliographic data for series maintained by CEPR ().