Leaving a Monetary Union: Expected Time and Probability.

Using a two-country model of monetary union, we derive the expected time and probability for any one country wanting to return to monetary independence when national inflation biases follow geometric Brownian motions.

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Year of publication:	2000
Authors:	Strobel, Dr F.
Institutions:	Department of Economics, University of Birmingham
Subject:	MONETARY UNION \| INFLATION

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Series:	Discussion Papers.
Type of publication:	Book / Working Paper
Notes:	6 pages
Classification:	E5 - Monetary Policy, Central Banking and the Supply of Money and Credit ; F3 - International Finance
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10005738234