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

Financial Markets and European Monetary Cooperation

The Lessons of the 1992 93 Exchange Rate Mechanism Crisis

• Gebundenes Buch

Produktbeschreibung

This book provides a comprehensive assessment of the causes and implications of the 1992 93 crisis of the exchange rate mechanism.

Produktdetails

• Verlag: Cambridge University Press
• Seitenzahl: 240
• Erscheinungstermin: 21. August 2014
• Englisch
• Abmessung: 235mm x 157mm x 18mm
• Gewicht: 506g
• ISBN-13: 9780521495479
• ISBN-10: 0521495474
• Artikelnr.: 22159412

Inhaltsangabe

1. Introduction
2. Exchange rate stability in Europe: a historical perspective
3. The unfolding of the 1992-3 ERM crisis
4. Financial markets and ERM credibility
5. Modelling currency crisis
6. A center-periphery model
7. Unilateral pegs and escape clauses: the role of domestic credibility
8. Policy coordination and currency crisis
9. What causes the system to crumble
10. Rebuilding the system: what next?