Chapter | Macroeconomics Annual 1991 | 1992

The EMS, the EMU and the Transition to a Common Currency

by K. A. Froot and K. Rogoff

Keywords: Currencies; Exchange rates; asset pricing; International macroeconomics; monetary policy; Currency controls; Fixed exchange rates; Floating exchange rates; Currency bands; Currency zones; Currency areas; rational expectations; International Finance; Currency Exchange Rate; Asset Pricing; Policy;

Citation:

Froot, K. A., and K. Rogoff. "The EMS, the EMU and the Transition to a Common Currency." In Macroeconomics Annual 1991, edited by O. Blanchard and S. Fischer, 269–327. Cambridge: MIT Press, 1992. (Revised from NBER Working Paper No. 3684, January 1992.)