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Will the Emergence of the Euro Affect World Commodity Prices? / Hong Liang, John Cuddington.
- Format:
- Book
- Government document
- Author/Creator:
- Liang, Hong.
- Series:
- IMF Working Papers; Working Paper ; No. 2000/208
- IMF Working Papers
- Language:
- English
- Physical Description:
- 1 online resource (32 pages)
- Place of Publication:
- Washington, D.C. : International Monetary Fund, 2000.
- Language Note:
- English
- Summary:
- This study provides evidence that episodes of internal stability of exchange rates among the 11 Euro countries during 1957-98 were associated with periods of lower real commodity price volatility. These stabilizing effects are statistically significant for fertilizer, metals, petroleum, and cereals. A reasonable inference, therefore, is that the establishment of the Euro on January 1, 1999, should be expected to contribute to reduced volatility of world commodity prices, other things equal, although the impacts are likely to be modest.
- Notes:
- Bibliographic Level Mode of Issuance: Monograph
- Description based on print version record.
- ISBN:
- 9786613824608
- 9781462313341
- 1462313345
- 9781452734903
- 1452734909
- 9781283512152
- 1283512157
- 9781451919271
- 1451919271
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