Determining the Value of a Financial Unit of Account Basedon Composite Currencies : The Case of the Private Ecu /
Evidence from the past three years indicates that the exchange rate between the private ECU and the official ECU Basket can deviate substantially from par. The value of the private ECU is driven by expectations that a future European Central Bank will enforce par convertibility between the private E...
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| Formato: | Periódico |
| Idioma: | English |
| Publicado em: |
Washington, D.C. :
International Monetary Fund,
1994.
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| Colecção: | IMF Working Papers; Working Paper ;
No. 1994/072 |
| Acesso em linha: | Full text available on IMF |