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The European Monetary Union: Were there Alternatives to the ECB? A Quantitative Evaluation

Bok, Tomas; McKibbin, Warwick


There is a large and growing literature on the benefits and cost of European Monetary Union (EMU) in Europe. Much of the literature is theoretical in nature with very little empirical evaluation of the magnitudes of effects. This paper places some quantitative magnitudes on the scale of some issues in European monetary integration. It uses the European version of the MSG2 multicountry model to evaluate the variance of a number of European variables in the faces of shocks to money markets,...[Show more]

CollectionsANU Research Publications
Date published: 2001
Type: Journal article
Source: Journal of Policy Modeling
DOI: 10.1016/S0161-8938(01)00083-7


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