01665cas a2200241 a 4500 AALejournalIMF009199 230101c9999 xx r poo 0 0eng d 5.00 USD 9781451846287 1018-5941 BD-DhAAL BD-DhAAL Bayoumi, Tamim. Who Needs Bands? : Exchange Rate Policy Before Emu / Tamim Bayoumi. Washington, D.C. : International Monetary Fund, 1995. 1 online resource (20 pages) IMF Working Papers <strong>Off-Campus Access:</strong> No User ID or Password Required <strong>On-Campus Access:</strong> No User ID or Password Required Electronic access restricted to authorized BRAC University faculty, staff and students Two issues are discussed. The first is which countries might benefit from entry into EMU before the millennium. Germany and her immediate neighbors appear the most likely to gain; however, our knowledge is too uncertain to say whether all, some, or no countries would reap net economic benefits. The second issue is how to avoid exchange rate instability in the transition to EMU. Experience from earlier exchange rate regimes suggests that an early announcement the parities at which different currencies would enter EMU could reduce such instability if governments were willing to accept the required limitations on domestic policies. Mode of access: Internet IMF Working Papers; Working Paper ; No. 1995/043 Full text available on IMF http://elibrary.imf.org/view/journals/001/1995/043/001.1995.issue-043-en.xml IMF e-Library