منابع مشابه
The Euro as ’ Parallel Currency ’ 1999 - 2002
A summary will be available in all the Community languages. The opinions expressed is this working paper are those of the authors and do not necessarily reflect the position of the European Parliament. Reproduction and translation for non commercial purposes are authorised, provided the source is acknowledged and the publisher is given prior notice and sent a copy.
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Two studies examine the psychological consequences the introduction of the Euro has for the evaluation and estimation of product prices. Research on comparison processes suggests that a single currency increases the comparability of prices. If this is indeed the case, then a reference price from another European country should be more likely to influence evaluation and estimation of a target pr...
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Does the common currency promote goods market integration within the EMU? We argue that such an effect is likely, but that the mechanism typically proposed – lover costs of arbitrage because of increased price transparency – is likely to be of minor importance. Instead we sketch a duopoly model which stresses that lover possibility of future real exchange rate variability lowers the option valu...
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This paper presents evidence that the bid-ask spreads in euro rates increased relative to the corresponding bid-ask spreads in the German mark (DM) prior to the creation of the currency union. This comes with a decrease in transaction volume in the euro rates relative to the previous DM rates. The starkest example is the DM(euro)/yen rate in which the spread has risen by almost two-thirds while...
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ژورنال
عنوان ژورنال: Intereconomics
سال: 1975
ISSN: 0020-5346,1613-964X
DOI: 10.1007/bf02929600