International Costs and Benefits from EMU
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NBER Working Paper No. 3384 (Also Reprint No. r1675)
Issued in December 1991
NBER Program(s): ITI IFM
In this paper we examine the international implications of monetary union in the European Community (EMU), and the associated international costs and benefits. We consider prospective changes in international institutions, the potential role of the ecu as an international currency, and the implications of EMU for the international coordination of monetary and fiscal policies.
Published: European Economy, Special Edition No. 1, Pt. 5, pp. 231-245, (1991).
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