ERM Money Supplies and the Transition to EMU

ERM Money Supplies and the Transition to EMU
Stage 2 of monetary union in the Europe is to involve greater monetary cooperation; the paper examines the case for using the M3 money supply aggregated across "core ERM" countries- -those with low inflation and absence of realignments- -as a vehicle for that cooperation. First, the existence of a satisfactory long-run money demand relationship... READ MORE...

Publication date: January 1994
ISBN 9781451841565
$15.00

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