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 ...
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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.
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Add this copy of Financial Markets and European Monetary Cooperation: to cart. $46.14, good condition, Sold by ThriftBooks-Dallas rated 5.0 out of 5 stars, ships from Dallas, TX, UNITED STATES, published 2001 by Cambridge University Press.
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New. Trade paperback (US). Contains: Line drawings, Tables. Japan-US Center UFJ Bank Monographs on International Financial Markets . 22 b/w illus. 3 tables. Intended for professional and scholarly audience.
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New. Print on demand Trade paperback (US). Contains: Line drawings, Tables. Japan-US Center UFJ Bank Monographs on International Financial Markets . 22 b/w illus. 3 tables. Intended for professional and scholarly audience.
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Add this copy of Financial Markets and European Monetary Cooperation: to cart. $125.10, new condition, Sold by Booksplease rated 3.0 out of 5 stars, ships from Southport, MERSEYSIDE, UNITED KINGDOM, published 1998 by Cambridge University Press.
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New. Contains: Line drawings, Tables. Japan-US Center UFJ Bank Monographs on International Financial Markets . 22 b/w illus. 3 tables. Intended for professional and scholarly audience.