Evaluating the EMS and EMU Using Stochastic Simulations : Some Issues

Some Issues

Evaluating the EMS and EMU Using Stochastic Simulations : Some Issues
Evaluations of European monetary integration using model simulations have given conflicting results, and the paper attempts to elucidate the reasons for the differences. Several features stand out: how to model realignments; how monetary policy is set for individual countries or for Europe; and how large are risk premium shocks in exchange... READ MORE...

Publication date: March 1993
ISBN 9781451844580
$15.00

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