Exchange rate variability inside and outside the EMU

Lennart Bergbom

An often heard view is that exchange rate variability will decrease for a country that joins the EMU. This is not necessarily true. Both real and nominal exchange rate variability increase under certain circumstances when asymmetric demand shocks occur inside or outside the union. These results are obtained theoretically within a standard international macro-model but they also remain valid in a numerical simulation of this model.

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Year of publication:	8 December, 1998
Authors:	Bergbom, Lennart
Publisher:	[Uppsala, Sweden] : [Department of Economics, Uppsala University]
Subject:	Exchange rate variability \| EMU \| asymmetric shocks \| Eurozone \| Euro area \| Wechselkurs \| Exchange rate \| Volatilität \| Volatility \| Schock \| Shock \| Theorie \| Theory \| Schweden \| Sweden \| Großbritannien \| United Kingdom

Extent:	1 Online-Ressource (circa 48 Seiten) Illustrationen
Series:	Working papers / Department of Economics, Uppsala University. - Uppsala : [Verlag nicht ermittelbar], ISSN 1653-6975, ZDB-ID 2102298-7. - Vol. [1998, 26]
Type of publication:	Book / Working Paper
Type of publication (narrower categories):	Graue Literatur ; Non-commercial literature ; Arbeitspapier ; Working Paper
Language:	English
Other identifiers:	hdl:10419/82934 [Handle]
Classification:	F31 - Foreign Exchange ; F33 - International Monetary Arrangements and Institutions ; F36 - Financial Aspects of Economic Integration ; F41 - Open Economy Macroeconomics
Source:	ECONIS - Online Catalogue of the ZBW

Persistent link: https://ebvufind01.dmz1.zbw.eu/10011589019