Testing for monetary policy convergence in European countries

Article Abstract:

Seven countries under the European Money System (EMS) exhibit little consistency in their monetary policies even during the 1987-1992 period when there was greater economic stability. Germany appears not inclined to lead Europe into the EMS as it tends to absorb external shocks. There are indications, however, that Germany, together with Netherlands and Belgium, could be the initial members of the European monetary union, as the three countries have complete convergence in their monetary policies.

Administration of General Economic Programs, Currency Stabilization Programs, Europe, Netherlands, Germany, Economic policy, Euro (Currency), Monetary policy, European Monetary System, Currency stabilization

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The CFA franc zone after EMU: status quo, reform or dissolution?

Article Abstract:

The future of the CFA franc zone will be affected by European Monetary Union, since the French franc is scheduled to disappear. The implications of this are examined in detail.

Exchange Rates, Franc (France)

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Exchange rate reform in China: an experiment in the real targets approach

Article Abstract:

Research is presented describing the use of real target approach economic analysis to determine the impact of changing interest rates on Chinese trade figures.

Research, China, Interest rates, Balance of trade

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