| 来源类型 | Working Paper |
| 规范类型 | 报告 |
| DOI | 10.3386/w6292 |
| 来源ID | Working Paper 6292 |
| Transition Issues for the European Monetary Union | |
| Willem H. Buiter; Anne C. Sibert | |
| 发表日期 | 1997-11-01 |
| 出版年 | 1997 |
| 语种 | 英语 |
| 摘要 | If Stage Three of EMU starts on January 1, 1999, transition issues remain on two time scales. Until July 1, 2002, national currencies and the euro co-exist as legal tender. We argue that intra-EMU currency risk exists in principle during that period, but that no EMU member can be forced out through speculative attacks. Cohabitation of Ins and Outs has an open-ended time scale. We discuss the effect of EMU on incentives for both Ins and Outs to undertake structural reform and the coordination problems associated with the distribution of seigniorage revenue and the Stability and Growth Pact. |
| 主题 | International Economics ; International Finance |
| URL | https://www.nber.org/papers/w6292 |
| 来源智库 | National Bureau of Economic Research (United States) |
| 引用统计 | |
| 资源类型 | 智库出版物 |
| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/563801 |
| 推荐引用方式 GB/T 7714 | Willem H. Buiter,Anne C. Sibert. Transition Issues for the European Monetary Union. 1997. |
| 条目包含的文件 | ||||||
| 文件名称/大小 | 资源类型 | 版本类型 | 开放类型 | 使用许可 | ||
| w6292.pdf（1122KB） | 智库出版物 | 限制开放 | CC BY-NC-SA | 浏览 | ||
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