The ecu-bond market totters

Article Abstract:

The bond market for the European currency unit has been jeopardized by Denmark's refusal to ratify the treaty for monetary and political union in Europe. Worried investors are selling their shares as prices plunge, and the International Securities Market Association has suspended the market.

Statistics, Securities, Euro (Currency), European Union, Eurobond market, European Community

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Mending Europe's currency system

Article Abstract:

The European Monetary System (EMS) is troubled by the inadequacies of the exchange rate mechanism (ERM) and how it is affected by the unknown fate of the Maastricht treaty. It is doubtful that ERM can survive the decade in its present form.

Author: Eichengreen, Barry, Wyplosz, Charles
International economic integration, Economic integration

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Europe's befuddled bond markets

Article Abstract:

Prices in the European bond market fell as dealers reacted to Denmark's rejection of the Maastricht treaty on monetary union. Italy and Spain's bonds fell the most while Germany's remained steady.

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Subjects list: Europe, Credit market, Credit markets, Economic aspects, European Monetary System
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