Research Catalog

International Implications of European Economic and Monetary Union

Title
International Implications of European Economic and Monetary Union [electronic resource] / Norbert Funke and Mike Kennedy
Author
Funke, Norbert.
Publication
Paris : OECD Publishing, 1997.

Available Online

Full text online available onsite at NYPL

Details

Additional Authors
Kennedy, Mike.
Description
44 p.; 21 x 29.7cm.
Summary
For a long time European Economic and Monetary Union was mainly considered an internal European issue and external consequences were largely ignored. In contrast to most previous analyses, this paper looks at a number of international implications of monetary union. It is argued that several factors could contribute to the euro becoming an international currency in the future and a competitor to the US dollar in this respect. The degree of uncertainty attached to this outcome, however, remains considerable and in any event the emergence of the euro as a major international currency is likely to take some time. Given the expected size of the euro-zone and the likelihood of the euro becoming an international currency, fiscal and monetary policies in the area are likely to have a significant impact on the macroeconomic environment in the rest of the world. An important issue is how will monetary union affect major bilateral exchange rate developments and their volatility. A number of ...
Series Statement
OECD Economics Department Working Papers, 1815-1973 ; no.174
Uniform Title
OECD Economics Department Working Papers, no.174.
Subject
  • Economics
  • Euro Area
  • European Union
LCCN
10.1787/557406211626
OCLC
oecd-lib
Author
Funke, Norbert.
Title
International Implications of European Economic and Monetary Union [electronic resource] / Norbert Funke and Mike Kennedy
Imprint
Paris : OECD Publishing, 1997.
Series
OECD Economics Department Working Papers, 1815-1973 ; no.174
OECD Economics Department Working Papers, 1815-1973 ; no.174.
Connect to:
Full text online available onsite at NYPL
Indexed Term
Economics
Euro Area
European Union
Added Author
Kennedy, Mike.
Other Standard Identifier
10.1787/557406211626 doi
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