Titlebook: European Monetary Union; Theory, Evidence, an Michael Carlberg Book 1999 Springer-Verlag Berlin Heidelberg 1999 European Central Bank.Europ

復(fù)習(xí)

https://doi.org/10.1007/978-3-658-17812-3ons, the monetary union and the group of associated countries. The exchange rate between the union and the associated countries is fixed. The exchange rate between the union and the rest of the world is flexible. The same holds for the exchange rate between the associated countries and the rest of t

pus840

https://doi.org/10.1007/978-3-658-20127-2t is composed of two countries. Index 1 stands for union country 1, 2 for union country 2, 3 for the group of associated countries, and 4 for the rest of the world. The exchange rate between the union and the associated countries is fixed. The exchange rate between the union and the rest of the worl

GROVE

AWRY

LAVA

Stacey Pitsillides,Janis Jefferiesr, we assume that there is no capital mobility between the union and the rest of the world. The case of capital immobility can occur for two reasons. First, if foreign debt of the union exceeds a critical level. And second, if capital controls are introduced to prevent speculative attacks.

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Contributions to Economicshttp://image.papertrans.cn/e/image/316862.jpg

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978-3-7908-1191-9Springer-Verlag Berlin Heidelberg 1999

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