haku: @indexterm Exchange rate mechanism / yhteensä: 26
viite: 14 / 26
Tekijä: | Breedon, F. Chui, M. |
Otsikko: | Will the Euro be stable? |
Lehti: | Economic Outlook
1998 : NOV, VOL. 23:1, p. 30-35 |
Asiasana: | European monetary system Exchange rate mechanism Euro |
Kieli: | eng |
Tiivistelmä: | 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. |
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