An analysis of the ECU as an invoicing currency in international trade in the period 1983-1990

In December 1991 the European Council in Maastricht provided for the introduction of a single European currency. This decision was motivated partly by the belief that a single currency would reduce the transaction costs within the European Union. An assessment is undertaken of the contribution to cost reduction of the ECU (European Currency Unit) as an invoicing currency in the period from 1983 to 1990.

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Year of publication:	1994
Authors:	LEUVENSTEIJN, M. VAN
Published in:	BNL Quarterly Review. - Banca Nazionale del Lavoro. - Vol. 47.1994, 188, p. 53-74
Publisher:	Banca Nazionale del Lavoro
Subject:	Foreign exchange and eurocurrencies \| European Currency Unit

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Extent:	application/pdf
Type of publication:	Article
Classification:	F31 - Foreign Exchange ; F36 - Financial Aspects of Economic Integration
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10010765218