Article in Journal
The exchange rate effects of the introduction of euro cash
Francis Breedon, Francesca Fornasari
ifo Institut für Wirtschaftsforschung, München, 2001
in: ifo Schnelldienst, 2001, 54, Nr. 19, 24-26
ifo Institut für Wirtschaftsforschung, München, 2001
in: ifo Schnelldienst, 2001, 54, Nr. 19, 24-26
The exchange-rate effects induced by the introduction of euro cash and that have been presented in the study by Hans-Werner Sinn and Frank Westermann have been empirically supported by Francis Breedon and Francesca Fornasari of Lehmann Brothers. They illustrate that the decline in demand for D-mark currency has a remarkable correlation with the declining value of the euro.
JEL Classification: E520
Included in
Journal (Complete Issue)
ifo Schnelldienst 19/2001
ifo Institut für Wirtschaftsforschung, München, 2001