haku: @indexterm EEC / yhteensä: 9836
viite: 2 / 9836
| 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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