Advertisement

Conclusion

  • Frank Bohn
Part of the Contributions to Economics book series (CE)

Abstract

This treatise emphasizes a potential trade-off between nominal interest and exchange rate impulses in the European Monetary Union. More generally, joining members of any monetary union are likely to experience considerable macroeconomic effects due to lasting changes in interest and exchange rates – relative to a situation without monetary union. These changes are caused by the transiton to the monetary union, because central bank interest rates are equalized and exchange rates are fixed.

Keywords

Exchange Rate Interest Rate Monetary Union Nominal Interest Rate Nominal Exchange Rate 
These keywords were added by machine and not by the authors. This process is experimental and the keywords may be updated as the learning algorithm improves.

Preview

Unable to display preview. Download preview PDF.

Unable to display preview. Download preview PDF.

Copyright information

© Springer-Verlag Berlin Heidelberg 2000

Authors and Affiliations

  • Frank Bohn
    • 1
    • 2
  1. 1.Alfred Weber-Institut (AWI)University of HeidelbergHeidelbergGermany
  2. 2.Europäisches Institut für Internationale Wirtschaftsbeziehungen (EIIW)University of PotsdamPotsdamGermany

Personalised recommendations