EC249 Lecture Notes - Lecture 5: Laos, European Emission Standards, Managed Float Regime
Document Summary
For example, ecuador and zimbabwe have dollarized: there is also partial dollarization. Kip are used interchangeably in lao pdr: national currency is good because it is nation-building. Easier to do domestic commerce: to make the euro. Domestic cb agreed to keep their currency within some band around this basket of currency. To eventually merge the currencies together so that they were somewhat equally valued: european monetary system. 1979, 11 euro countries maintained exchange rates among their currencies within narrow bands, and jointly float against outside currencies; Establish a zone of monetary stability in europe. Pave the way for the european monetary union: emu, emu. Euro is the single currency of the emu which was adopted by the 11 member states. Belgium, germany, spain, france, ireland, italy, luxembourg, Since then, greece, slovenia, cyprus, malta, slovakia, estonia, and. Deflating the nominal exchange rate by the prices. This may not actually be equalled to 1. Measure of competitiveness in the export market.
