What the euro means for the dollar and the international monetary system.: An article from: Atlantic Economic Journal

This digital document is an article from Atlantic Economic Journal, published by Atlantic Economic Society on September 1, 1998. The length of the article is 5048 words. The page length shown above is based on a typical 300-word page. The article is delivered in HTML format and is available in your Amazon.com Digital Locker immediately after purchase. You can view it with any web browser.

From the author: This article begins by analyzing the historical importance of the introduction of the euro, the convergence criteria for membership in the European Monetary Union, the merits and defects of the euro as an international rival to the dollar, and the characteristics that have made past international currencies great. It goes on to consider the institutional gap in the world system arising from the absence of an official world currency and the threat to stability that arises in transition periods when a new international reserve asset or currency is phased in. It is argued that the introduction of the euro will involve diversification from the dollar that will require multilateral attention to the dollar-euro exchange rate.

Citation Details
Title: What the euro means for the dollar and the international monetary system.
Author: Robert A. Mundell
Publication:Atlantic Economic Journal (Refereed)
Date: September 1, 1998
Publisher: Atlantic Economic Society
Volume: v26 Issue: n3 Page: p227(11)

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