Determining the Value of a Financial Unit of Account Basedon Composite Currencies : The Case of the Private Ecu

The Case of the Private Ecu

Determining the Value of a Financial Unit of Account Basedon Composite Currencies : The Case of the Private Ecu
Evidence from the past three years indicates that the exchange rate between the private ECU and the official ECU Basket can deviate substantially from par. The value of the private ECU is driven by expectations that a future European Central Bank will enforce par convertibility between the private ECU and the official ECU basket of currencies.... READ MORE...

Publication date: June 1994
ISBN 9781451959130
$15.00

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