TY  - JOUR
AU  - Giovannini,Alberto
TI  - The Currency Reform as the Last Stage of Economic and Monetary Union: Some Policy Questions
JF  - National Bureau of Economic Research Working Paper Series
VL  - No. 3917
PY  - 1991
Y2  - November 1991
UR  - http://www.nber.org/papers/w3917
L1  - http://www.nber.org/papers/w3917.pdf
N1  - Author contact info:
Alberto Giovannini
Unifortune Asset Management
Via Donizetti 53
20122 Milano, Italy
E-Mail: alberto.giovannini@alum.mit.edu
AB  - The paper discusses the policy problems of a project aimed at substituting several national currencies with one single currency. While these problems are of general interest, the analysis is motivated by the plan for Economic and Monetary Union among the members of the European Community. The issues discussed include the choice of conversion rates and the effects of exchange-rate devaluations at the time of the monetary reform.
ER  -