haku: @all transparency / yhteensä: 142
viite: 134 / 142
Tekijä: | Friberg, R. |
Otsikko: | Common currency, common market? |
Lehti: | Journal of the European Economic Association
2003 : APR-MAY, VOL. 1:2-3, p. 650-661 |
Asiasana: | Currency EEC Integration |
Kieli: | eng |
Tiivistelmä: | Is goods market integration within the EMU promoted by the common currency? The author argues that such an effect is likely, but that the mechanism typically proposed - lower costs of arbitrage because of increased price transparency - is likely to be of minor importance. Instead a duopoly model that stresses that lower possibility of future real exchange rate variability lowers the option value of being able to price discriminate is sketched. |
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