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:
| Beteilige Person: | |
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| Weitere beteiligte Personen: | |
| Format: | Elektronisch E-Book |
| Sprache: | Englisch |
| Veröffentlicht: |
Paris
OECD Publishing
1997
|
| Schriftenreihe: | OECD Economics Department Working Papers
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| Schlagwörter: | |
| Links: | https://doi.org/10.1787/557406211626 |
| 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 ... |
| Umfang: | 1 Online-Ressource (43 Seiten) 21 x 29.7cm |
| DOI: | 10.1787/557406211626 |
Internformat
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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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| id | DE-604.BV047931466 |
| illustrated | Not Illustrated |
| indexdate | 2025-01-11T15:45:24Z |
| institution | BVB |
| language | English |
| oai_aleph_id | oai:aleph.bib-bvb.de:BVB01-033312959 |
| oclc_num | 1312692443 |
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| physical | 1 Online-Ressource (43 Seiten) 21 x 29.7cm |
| psigel | ZDB-13-SOC |
| publishDate | 1997 |
| publishDateSearch | 1997 |
| publishDateSort | 1997 |
| publisher | OECD Publishing |
| record_format | marc |
| series2 | OECD Economics Department Working Papers |
| 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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