The euro introduction and noneuro currencies

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منابع مشابه

International Bond Markets and the Introduction of the Euro

O January 1, 1999, the euro was formally introduced in 11 countries of the European Union. At that date, the European Central Bank (ECB) received control over monetary policy in the Euro area. Only the United Kingdom, Denmark and Sweden voluntarily opted out, for the moment, while Greece was deemed not ready for entry. Obviously, the introduction of the euro will have significant consequences f...

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We draw on portfolio theory and international diversification in order to analyse strategies allowing to reduce emerging economies’ exposure to exchange-rate risk. We show in particular that it may be efficient for an investor, in terms of maximising the return-to-risk ratio, to build up a portfolio of emerging-country assets denominated in local currency unhedged against currency risk compared...

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ژورنال

عنوان ژورنال: Applied Financial Economics

سال: 2010

ISSN: 0960-3107,1466-4305

DOI: 10.1080/09603107.2011.523197