Research guide to European Monetary Union
World Government Bond Forecasts: The Ecu
BY NOMURA INTERNATIONAL PLC
Why the Euro will be a strong currency
As the European monetary union (Emu) deadlines grow nearer, there have been increasing doubts from, among others, the German population, about the wisdom of entering into Emu. Much of it is an opposition of principle. The average German does not object to the concept of Emu so much as its practical implementation and the effect that this would have on the value of his or her savings. We believe these concerns are not valid. Furthermore, bond markets are now fully pricing in the early advent of Emu and perhaps are not giving full consideration to the many uncertainties that remain about Emu's bond market implications
EMU: Will Belgium clear the final hurdle?
This survey looks at the likelihood of Belgium being allowed into monetary union, and the implications for the country's banks and capital markets.