Enlargement and the Value of the Euro
Jerome L. Stein
Brown University - Division of Applied Mathematics; CESifo (Center for Economic Studies and Ifo Institute for Economic Research)
Australian Economic Papers, Vol. 41, pp. 462-479, 2002
The EMU is in the process of expanding its membership. How will the expansion affect the equilibrium or sustainable real value of the euro? What is the explanatory power of the model used to explain the equilibrium value of a synthetic euro? We then demonstrate quantitatively the dynamic effects of enlargement upon the equilibrium value of the euro under different scenarios.
Number of Pages in PDF File: 18Accepted Paper Series
Date posted: January 13, 2003
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