Il contributo dell'Ecu alla stabilità dei cambi: un'ulteriore replica

Authors

  • H. JAGER
  • E. DE JONG

DOI:

https://doi.org/10.13133/2037-3651/10885

Keywords:

ECU, exchange rate stability

Abstract

The work is a response to Fornari’s contribution to the discussion of the ECU’s potential effects on exchange-rate stability. In it the authors explain some aspects of their previous study, which in their view are misunderstood by Fornari. They then defend the role of arbitrage and coverage of exchange-rate risk by banks, a point of criticism for Fornari which occupies a prominent place in their article.

 

 JEL Codes: F15, F36, E42

 

References

FORNARI F., (1989), "Il contributo dell'Ecu alla stabilità dei cambi: un ulteriore commento", in questa Rivista, pp. 541-48

JAGER H. e E. DE JONG, (1987), "The Exchange-rate Mechanism of the EMS and the Ecu as a Reserve Asset: an Impending Incompatibility", European Economie Review, 31, pp. 1071-1091.

JAGER H. e E. DE JONG, (1988), "L'impatto potenziale dell'ECU privato sulla stabilità di cambio globale ed europea", in questa Rivista, n. 161, pp. 59-85.

JAGER H. e E. DE JONG, (1988), "Il contributo dell'ECU alla stabilità del tasso di cambio: una replica", in questa Rivista, n. 163, pp. 363-367.

MASERA R.S., 1987, "An Increasing Role far the Ecu: a Character in Search of a Script", Essays in International Finance, n. 167, Princeton (N.J.).

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Published

2013-10-24

Issue

Vol. 42 No. 168 (1989)

Section

Articoli

License

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