International Implications of European Economic and Monetary Union:
For a long time European Economic and Monetary Union was mainly considered an internal European issue and external consequences were largely ignored. In contrast to most previous analyses, this paper looks at a number of international implications of monetary union. It is argued that several factors...
Gespeichert in:
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| Format: | Elektronisch E-Book |
| Sprache: | English |
| Veröffentlicht: |
Paris
OECD Publishing
1997
|
| Schriftenreihe: | OECD Economics Department Working Papers
no.174 |
| Schlagworte: | |
| Online-Zugang: | Volltext |
| Zusammenfassung: | For a long time European Economic and Monetary Union was mainly considered an internal European issue and external consequences were largely ignored. In contrast to most previous analyses, this paper looks at a number of international implications of monetary union. It is argued that several factors could contribute to the euro becoming an international currency in the future and a competitor to the US dollar in this respect. The degree of uncertainty attached to this outcome, however, remains considerable and in any event the emergence of the euro as a major international currency is likely to take some time. Given the expected size of the euro-zone and the likelihood of the euro becoming an international currency, fiscal and monetary policies in the area are likely to have a significant impact on the macroeconomic environment in the rest of the world. An important issue is how will monetary union affect major bilateral exchange rate developments and their volatility. A number of ... |
| Beschreibung: | 1 Online-Ressource (43 p.) 21 x 29.7cm. |
| DOI: | 10.1787/557406211626 |
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| 520 | |a For a long time European Economic and Monetary Union was mainly considered an internal European issue and external consequences were largely ignored. In contrast to most previous analyses, this paper looks at a number of international implications of monetary union. It is argued that several factors could contribute to the euro becoming an international currency in the future and a competitor to the US dollar in this respect. The degree of uncertainty attached to this outcome, however, remains considerable and in any event the emergence of the euro as a major international currency is likely to take some time. Given the expected size of the euro-zone and the likelihood of the euro becoming an international currency, fiscal and monetary policies in the area are likely to have a significant impact on the macroeconomic environment in the rest of the world. An important issue is how will monetary union affect major bilateral exchange rate developments and their volatility. A number of ... | ||
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| spelling | Funke, Norbert VerfasserIn aut International Implications of European Economic and Monetary Union Norbert, Funke and Mike, Kennedy Paris OECD Publishing 1997 1 Online-Ressource (43 p.) 21 x 29.7cm. Text txt rdacontent Computermedien c rdamedia Online-Ressource cr rdacarrier OECD Economics Department Working Papers no.174 For a long time European Economic and Monetary Union was mainly considered an internal European issue and external consequences were largely ignored. In contrast to most previous analyses, this paper looks at a number of international implications of monetary union. It is argued that several factors could contribute to the euro becoming an international currency in the future and a competitor to the US dollar in this respect. The degree of uncertainty attached to this outcome, however, remains considerable and in any event the emergence of the euro as a major international currency is likely to take some time. Given the expected size of the euro-zone and the likelihood of the euro becoming an international currency, fiscal and monetary policies in the area are likely to have a significant impact on the macroeconomic environment in the rest of the world. An important issue is how will monetary union affect major bilateral exchange rate developments and their volatility. A number of ... Economics Euro Area European Union Kennedy, Mike MitwirkendeR ctb FWS01 ZDB-13-SOC FWS_PDA_SOC https://doi.org/10.1787/557406211626 Volltext |
| spellingShingle | Funke, Norbert International Implications of European Economic and Monetary Union Economics Euro Area European Union |
| title | International Implications of European Economic and Monetary Union |
| title_auth | International Implications of European Economic and Monetary Union |
| title_exact_search | International Implications of European Economic and Monetary Union |
| title_full | International Implications of European Economic and Monetary Union Norbert, Funke and Mike, Kennedy |
| title_fullStr | International Implications of European Economic and Monetary Union Norbert, Funke and Mike, Kennedy |
| title_full_unstemmed | International Implications of European Economic and Monetary Union Norbert, Funke and Mike, Kennedy |
| title_short | International Implications of European Economic and Monetary Union |
| title_sort | international implications of european economic and monetary union |
| topic | Economics Euro Area European Union |
| topic_facet | Economics Euro Area European Union |
| url | https://doi.org/10.1787/557406211626 |
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