The Likelihood of European Monetary Union

Using information contained in forward interest rates, this paper attempts to assess the probability that European Monetary Union (EMU) occurs and that a particular country participates. It is shown that since the Madrid "summit" the public has become increasingly optimistic about the realization of EMU. Furthermore, Germany, the Netherlands, France and Belgium are found to be the most likely candidates for the single currency project.

MoreLess

Year of publication:	1996-07
Authors:	Weidmann, Jens
Institutions:	University of Bonn, Germany

More details

Series:	Discussion Paper Serie B.
Type of publication:	Book / Working Paper
Classification:	F33 - International Monetary Arrangements and Institutions
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10004968243