Obstfeld, Maurice - C.E.P.R. Discussion Papers - 1997
conversion rates between the euro and the currencies of EMU members states. Current EU legislation, notably the Maastricht Treaty … prices of EMU member currencies against the euro. Unfortunately, most of these have potentially damaging side effects. One …, allows a highly credible preannouncement of the bilateral currency conversion factors to be set at the start of EMU. That …