| 来源类型 | Discussion paper |
| 规范类型 | 论文 |
| 来源ID | DP2889 |
| DP2889 Limit Order Book as a Market for Liquidity | |
| Thierry Foucault; Eugene Kandel; Ohad Kadan | |
| 发表日期 | 2001-08-05 |
| 出版年 | 2001 |
| 语种 | 英语 |
| 摘要 | This Paper analyses the issues raised by EMU for the relationships between the Euro area and the international financial system. The depreciation of the Euro exchange rate since the beginning of EMU has attracted most attention. The Paper argues that theory and the data support none of the conventional explanations and that a substantial appreciation will be required to bring the rate to a sustainable long-run equilibrium. It discusses exchange-rate intervention and suggests that the authorities should take a more active policy stance. The Paper assesses the role of the Euro as an international currency and the underlying developments in the capital markets and foreign exchange markets. It concludes with discussion of policies towards the international role of the Euro, in areas such as: data needs; financial market developments; euroisation; EMU and the international financial architecture; and the role of the Euro Group of finance ministers. |
| 主题 | International Macroeconomics |
| 关键词 | Emu Euroisation Euro Exchange rates International currencies |
| URL | https://cepr.org/publications/dp2889 |
| 来源智库 | Centre for Economic Policy Research (United Kingdom) |
| 资源类型 | 智库出版物 |
| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/531952 |
| 推荐引用方式 GB/T 7714 | Thierry Foucault,Eugene Kandel,Ohad Kadan. DP2889 Limit Order Book as a Market for Liquidity. 2001. |
| 条目包含的文件 | 条目无相关文件。 | |||||
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