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- W1541796008 abstract "Deviations from relative purchasing power parity (real exchange-rate changes) are suggested as a comprehensive and operational criterion of the desirability of currency unification. Using consumer price indices, the criterion is applied to the European Community in 1959–1976 and in various subperiods. It is shown, inter alia, that the Community is probably a less desirable currency area than comparable existing currency unions like Germany, Italy and the U.S., that its failure to implement its 1971 plans for monetary union can hardly be attributed to unusually unfavourable external disturbances and that it is possible to identify the member countries which are the most suitable candidates for a pioneer venture in currency unification." @default.
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- W1541796008 date "1978-05-01" @default.
- W1541796008 modified "2023-09-24" @default.
- W1541796008 title "Real exchange-rate changes in the European community" @default.
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- W1541796008 doi "https://doi.org/10.1016/0022-1996(78)90026-0" @default.
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