The Currency Reform as the Last Stage of Economic and Monetary Union: Some Policy Questions

The paper discusses the policy problems involved in replacing several national currencies with a single currency in a monetary union. While these problems are of general interest, the analysis is motivated by the plan for Economic and Monetary Union among the members of the European Community. The issues discussed include the choice of conversion rates and the effects of exchange rate devaluations at the time of the monetary reform.

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Year of publication:	1991-10
Authors:	Giovannini, Alberto
Institutions:	C.E.P.R. Discussion Papers
Subject:	Currency Reform \| Exchange Rate Devaluation

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Extent:	application/pdf
Series:	CEPR Discussion Papers.
Type of publication:	Book / Working Paper
Notes:	Number 591
Classification:	E42 - Monetary Systems; Standards; Regimes; Government and the Monetary System ; F33 - International Monetary Arrangements and Institutions ; F36 - Financial Aspects of Economic Integration ; G15 - International Financial Markets ; G20 - Financial Institutions and Services. General
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10005661926