Obstfeld, Maurice - National Bureau of Economic Research (NBER) - 1999
conversion rates between the Euro and the currencies of EMU" member states. Current EU legislation, notably the Maastricht treaty … 1998. Given that legal constraint several strategies for choosing the relative prices of EMU member currencies against the … bilateral currency conversion factors" to be set at the start of EMU. That approach assumes, however, that no prospective EMU …