Financial Markets and European Monetary Cooperation: The Lessons of the 1992-93 Exchange Rate Mechanism Crisis - Couverture souple

Buiter, Willem H.

Couverture souple

ISBN 10 : 0521794404 ISBN 13 : 9780521794404

Editeur : Cambridge University Press, 2001

Synopsis

This book provides a comprehensive assessment of the causes and implications of the 1992–3 crisis of the exchange rate mechanism.

A propos du livre

Présentation de l'éditeur

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.

Détails de l'édition

• Éditeur: Cambridge University Press
• Date d'édition: 2001
• Langue: anglais
• ISBN 10: 0521794404
• ISBN 13: 9780521794404
• Reliure: Broché
• Nombre de pages: 238
• Coordonnées du fabricant: non disponible
• Personne responsable: Avery; https://www.avery.fr/; ; chemin des peupliers 27; Dardilly; France