Bibliograph

Financial markets and European monetary cooperation, the lessons of the 1992-93 exchange rate mechanism crisis, Willem H. Buiter, Giancarlo Corsetti, Paolo A. Pesenti

Type

Label

Financial markets and European monetary cooperation, the lessons of the 1992-93 exchange rate mechanism crisis, Willem H. Buiter, Giancarlo Corsetti, Paolo A. Pesenti

Language

eng

Index

index present

Literary Form

non fiction

Main title

Financial markets and European monetary cooperation

Medium

electronic resource

Nature of contents

dictionaries

Oclc number

1193406312

Responsibility statement

Willem H. Buiter, Giancarlo Corsetti, Paolo A. Pesenti

Series statement

Japan-U.S. Center UFJ Bank monographs on international financial marketsCambridge Social Sciences eBooks

Sub title

the lessons of the 1992-93 exchange rate mechanism crisis

Summary

A blend of theoretical and policy-oriented analysis, this book provides a comprehensive assessment of the causes and implications of the 1992–3 crisis of the exchange rate mechanism of the European monetary system. Cogent factual presentation - including new details on the crisis - original theoretical analysis, and an interpretation rooted in the theory, make this treatment essential reading to understand the process toward economic and political integration in Europe. The authors first sketch the history of monetary cooperation in Europe from Bretton Woods to Maastricht. A step-by-step account of the 1992–3 events follows, including a discussion of the extent to which financial markets anticipated the crisis. A survey of the literature on the subject introduces the authors' center-periphery model of currency crisis. The authors argue that the vulnerability of Europe to financial crisis was - and still is - the result of the lack of concern with the systemic dimensions of monetary policy-making.--, Provided by publisher

resource.variantTitle

Financial Markets & European Monetary Cooperation

Contributor

Creator