Abstract
In May 1998, the 11 countries to comprise the European Economic and Monetary Union (EMU) were finally selected. The selection put an end to doubts that the EMU will come into existence at the end of this century. With the Union in place, fixed exchange rates or a common currency would have to be adopted, necessitating a common monetary policy. Concomitantly, the European System of Central Banks (ESCB), headed by the European Central Bank (ECB), would have to choose an appropriate monetary strategy to fulfill its objectives as laid down in Article 1 05 of the Treaty of the European Union.
Recommended Citation
Pontines, Victor
(1998)
"Estimation of An Aggregate Demand for Money Function in the European Economic and Monetary Union (EMU)*,"
DLSU Business & Economics Review: Vol. 10:
No.
2, Article 3.
DOI: https://doi.org/10.59588/2243-786X.1401
Available at:
https://animorepository.dlsu.edu.ph/ber/vol10/iss2/3
