Moving the Escudo into the Euro

J.B. de Macedo, Luis Nunes and Francisco Covas ()

Working Papers from Laval - Laboratoire Econometrie

Abstract: The paper documents how the code of conduct implied by membership of the escudo in the Exchange Rate Mechanism of the Europan Monetary System (ERM) allowed Portugal to qualify for Economic and Monetary Union (EMU), ultimately moving the currency into the euro. This unwritten code of conduct reflects the conditions under which the ERM can be seen as a convergence instrument.

Keywords: CURRENCIES; MONEY; EXCHANGE RATE; MONETARY UNION (search for similar items in EconPapers)
JEL-codes: E50 F30 F31 (search for similar items in EconPapers)
Pages: 27 pages
Date: 1999
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Related works:
Chapter: Moving the Escudo into the Euro (2004)
Working Paper: Moving the Escudo into the Euro (1999)
Working Paper: Moving the escudo into the euro (1999)
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Persistent link: https://EconPapers.repec.org/RePEc:fth:lavale:1999-14

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