Characteristics of the Euro, the Demand for Reserves, and Policy Coordination Under EMU PDF Download

Are you looking for read ebook online? Search for your book and save it on your Kindle device, PC, phones or tablets. Download Characteristics of the Euro, the Demand for Reserves, and Policy Coordination Under EMU PDF full book. Access full book title Characteristics of the Euro, the Demand for Reserves, and Policy Coordination Under EMU by Mr.Paul R. Masson. Download full books in PDF and EPUB format.

Characteristics of the Euro, the Demand for Reserves, and Policy Coordination Under EMU

Characteristics of the Euro, the Demand for Reserves, and Policy Coordination Under EMU PDF Author: Mr.Paul R. Masson
Publisher: International Monetary Fund
ISBN: 1451847823
Category : Business & Economics
Languages : en
Pages : 38

Get Book Here

Book Description
The success of European Economic and Monetary Union (EMU) will depend on the stability of the euro. The monetary policy framework is yet to be decided, but is likely to involve either money or inflation targeting. Stochastic simulations compare the outcomes for major macroeconomic and financial variables pre- and post-EMU under both policy rules, as well as under an inflation targeting rule that includes output. Implications for the euro as a reserve currency are examined in the light of the expected returns and covariances among reserve currencies. The role of the exchange rate as an indicator and incentives for policy coordination with other major countries are also discussed.