search query: @author Breedon, F. / total: 7
reference: 3 / 7
| Author: | Breedon, F. Chui, M. |
| Title: | Will the Euro be stable? |
| Journal: | Economic Outlook
1998 : NOV, VOL. 23:1, p. 30-35 |
| Index terms: | European monetary system Exchange rate mechanism Euro |
| Language: | eng |
| Abstract: | The authors look at the impact of EMU on exchange rate volatility. Their empirical evidence suggests that $/Euro volatility will be significantly higher on average than $/DM volatility has been historically, large because the ECB will put less weight on the exchange rate in their policy deliberations than the Bundesbank has done. This result suggests that EMU-outs such as the UK may have to cope with potentially larger exchange rates swings until they make a more formal commitment to EMU. |
SCIMA