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On the Mark(s) Optimim Currency Areas in Germany

Author

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  • Ghosh, A.R.
  • Wolf, H.C.

Abstract

In 1990, the Deutschemark replaced the Ost-Mark as the sole legal in East Germany. The choice of a common money - instead of a continuation of two separate monetary systems - reflected, in large measure, political rather than economic considerations. This sentiment was encapsulated in the popular demonstration slogan: "Either the DM comes to us , or we'll come to the DM".

Suggested Citation

  • Ghosh, A.R. & Wolf, H.C., 1996. "On the Mark(s) Optimim Currency Areas in Germany," Working Papers 96-02, New York University, Leonard N. Stern School of Business, Department of Economics.
    • Handle: RePEc:ste:nystbu:96-02
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    References listed on IDEAS

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    Cited by:

    1. Robert Brooks & Robert Faff & David Sokulsky, 2005. "The stock market impact of German reunification: international evidence," Applied Financial Economics, Taylor & Francis Journals, vol. 15(1), pages 31-42.

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    More about this item

    Keywords

    MONETARY POLICY; ECONOMIC INTEGRATION;

    JEL classification:

    • C63 - Mathematical and Quantitative Methods - - Mathematical Methods; Programming Models; Mathematical and Simulation Modeling - - - Computational Techniques
    • F31 - International Economics - - International Finance - - - Foreign Exchange
    • F33 - International Economics - - International Finance - - - International Monetary Arrangements and Institutions
    • F36 - International Economics - - International Finance - - - Financial Aspects of Economic Integration

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