Masson, Paul R.; Turtelboom, Bart - International Monetary Fund (IMF) - 1997
The success of European Economic and Monetary Union (EMU) will depend on the stability of the euro. The monetary policy … outcomes for major macroeconomic and financial variables pre- and post-EMU under both policy rules, as well as under an … inflation targeting rule that includes output. Implications for the euro as a reserve currency are examined in the light of the …