Electronic Resource
Oxford, UK and Boston, USA
:
Blackwell Publishers Ltd
Business strategy review
10 (1999), S. 0
ISSN:
1467-8616
Source:
Blackwell Publishing Journal Backfiles 1879-2005
Topics:
Economics
Notes:
This article puts together the results of a five-year comparative study of UK and Irish manufacturing exporters and discusses its implications for currency unions and particularly the Euro. Overall, the results indicate a positive linkage between exchange-rate stability and individual firms’ competitiveness. Irish exporters have benefited from their government’s approach to European Monetary Union (EMU) and will continue to do so. The research identifies changes in firm-level competitive activity that occur where the exchange rate is fixed, and argues that exchange-rate stability leads to sustained long-run competitive advantage for firms located within the currency area (over those that are not). European currency while existing Euro-zone countries will be assessing whether they have benefited from it. At the same time, countries elsewhere in the world may need to consider abandoning their independent currencies in favour of the dollar, the Euro, or the Yen.
Type of Medium:
Electronic Resource
URL:
http://dx.doi.org/10.1111/1467-8616.00099
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