The Euro and Inflation Divergence in Europe

@inproceedings{Duarte1999TheEA,
  title={The Euro and Inflation Divergence in Europe},
  author={Margarida Duarte},
  year={1999}
}
I n January 1999, eleven European countries abandoned their respective national currencies and monetary independence to adopt a common currency, the Euro.1 This event, in which several industrialized countries formed a currency union, stands out in modern monetary history by its uniqueness, and in due time, it will allow for a better understanding of the implications of different monetary arrangements among countries. Already, with four years of data available, we can begin to learn from Europe… CONTINUE READING

From This Paper

Figures, tables, and topics from this paper.

References

Publications referenced by this paper.
Showing 1-9 of 9 references

Convergence to the Law of One Price Without Trade Barriers or Currency Fluctuations.

Parsley, David, Shang-Jin Wei
Quarterly Journal of Economics • 1996

Exchange Rate Redux.

Obstfeld, Maurice, Kenneth Rogoff
Journal of Political Economy • 1995

The Allocation of Seigniorage in a Common Currency Area.

Sibert, Anne
Journal of International Economics • 1994

Is the European Community an Optimal Currency Area? Optimal Taxation Versus the Cost of Multiple Currencies.

Canzoneri, Matthew, Caroll Ann Rogers
American Economic Review • 1990

A Theory of Optimum Currency Areas.

Mundell, Robert
American Economic Review • 1961

Similar Papers

Loading similar papers…