Chinn, Menzie David; Frankel, Jeffrey A. - 2006
important scenarios - the remaining EU members, including the UK, join EMU by 2020 or else the recent depreciation trend of the …, and then use them to forecast the EMU era. The equation correctly predicts a (small) narrowing in the gap between the …'s leading international reserve currency appears to depend on two things: (1) do enough other EU members join euroland so that …