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Which Single Currency for Western Europe?

✍ Scribed by Ali M. Kutan; Michael Melvin

Book ID
111005611
Publisher
John Wiley and Sons
Year
1996
Tongue
English
Weight
642 KB
Volume
4
Category
Article
ISSN
0965-7576

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## Abstract For most of the post‐war period, Europe's capital markets remained largely closed to international capital flows. This paper explores the costs of this policy. Using an event‐study methodology, I examine the extent to which restrictions of current and capital account convertibility affe