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Figure from:The euro: It can't happen, It'sa bad idea, It won't last

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Numerals in parentheses indicate group(s) (as given on next page) to which each economist belongs. A linked Excel sheet gives the breakdown of the general list by the various sub-groups specified below. — Table 9 Numerals in parentheses indicate group(s) (as given on next page) to which each economist belongs. A linked Excel sheet gives the breakdown of the general list by the various sub-groups specified below.

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Source: Eichengreen (1994, 96-101). Table 2: The Crisis in the European Monetary System, 1991-1993

Table 3: Federal Reserve Economists on EMU Overall, Federal Reserve economists concentrated on describing the process of economic and monetary integration in Europe, typically in briefs a few pages long. They maintained a positive attitude to EMU and the single currency, even though they felt that a European monetary union was likely to be delayed." 13. Schinasi (1989) discussed the determinants of the demand of and supply for the potential reserve currency, the predictability of such determinants, and the implications of a unified European monetary policy for U.S. monetary policy. 14. At an early stage, Estrella and Mishkin (1995) discussed monetary policy issues facing the European Central Bank, comparing it with the Federal Reserve.

Notes: OLS estimates in Column 1 are based on continuously compounded MSCI index returns for the US. The t-statistics are derived from White (1980) heteroskedasticity-adjusted standard errors. (t-statistics in parentheses, returns in basis points)

Notes: @7 is the estimated coefficient on the Halloween indicator from Mode/ 1. The outlier return is the continuously compounded return to the CRSP value weighted index.

Table 1: 305 Economists Summoned to Answer the Questionnaire.

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