Europe's currency confusion; calls for a weaker French franc, or even a weak euro in 1999, miss the point
Article Abstract:
The devaluation of the Franc and the D-mark against the dollar would do nothing to solve Europe's real economic problems, which include a high minimum wage and other product- and labor-market inflexibilities. The proposed devaluations would only delay much needed economic reforms.
Publisher: Economist Newspaper Ltd.
Publication Name: The Economist (UK)
Subject: Business, international
ISSN: 0013-0613
Year: 1996
Editorial, Europe, Economic policy, European Union, Currency devaluation, Devaluation (Currency), Franc (France), Mark (Germany)
Publication Name: The Economist (UK)
Subject: Business, international
ISSN: 0013-0613
Year: 1996
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The Bundesbank's writ: ERM
Article Abstract:
The European exchange rate mechanism (ERM) got a boost when Denmark voted in favor of the Maastricht treaty in its second chance, but the long term viability of the system remains in doubt. One of its problems is that it just needs to be managed better.
Publisher: Economist Newspaper Ltd.
Publication Name: The Economist (UK)
Subject: Business, international
ISSN: 0013-0613
Year: 1993
Economic aspects, Finance, Foreign exchange, Foreign exchange rates, European Monetary System, European Economic Community
Publication Name: The Economist (UK)
Subject: Business, international
ISSN: 0013-0613
Year: 1993
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Subjects list: Prices and rates
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