Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/154948
Authors: 
Giovannetti, Giorgia
Year of Publication: 
1998
Series/Report no.: 
Nota di Lavoro, Fondazione Eni Enrico Mattei 90.1998
Abstract: 
This paper analyses the impact of European Monetary Union on outside countries, with emphasis on countries of the Mediterranean Area (MED12). After discussing the possible "eurization" of bilateral trades between EMU countries and countries with close economic and geographical links; the possible "eurization" of existing debts, today denominated in dollars, and the closely connected increase of direct investment and private capital flows to the area, the paper argues that the advent of EMU is likely to have a positive, though small, effect on MED12. As a related issue, the paper also discusses the stability of the demand for euro and some possible implications of EMU for the international monetary system.
JEL: 
F15
F49
F40
F33
F13
Document Type: 
Working Paper

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