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  3. The European Monetary System
  • Cited by 47
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    • Publisher:
      Cambridge University Press
      Publication date:
      12 March 2010
      06 October 1988
      ISBN:
      9780511628535
      9780521389051
      DOI:
      https://doi.org/10.1017/CBO9780511628535
      Dimensions:
      Weight & Pages:
      Dimensions:
      (228 x 152 mm)
      Weight & Pages:
      0.674kg, 448 Pages
      • Subjects:
      Economics, International Economics, Economic Theory
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    Subjects:
    Economics, International Economics, Economic Theory
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    Book description

    The European Monetary System (EMS) has, since its inception in 1979, provided a fascinating example of policy co-ordination in practice. As concern about exchange-rate instability and global economic imbalances has grown, both academic researchers and policy-makers have looked to the EMS for lessons about co-operation on a wider scale. This volume contains the papers and proceedings of an October 1987 conference organised by the Centre for Economic Policy Research in co-operation with the Banca d'Italia and the Centro Interuniversitario di Studi Teorici per la Politica Economica (STEP). The conference brought together distinguished academics and practitioners from eleven European central banks. The papers offer a timely summary of current research, while the concluding panel discussion provides a valuable perspective on the concerns of policy-makers. This will be the definitive publication on the EMS for some years to come, and hence a basic reference for anyone interested in the international monetary system and policy co-ordination.

    Reviews

    "...it should be said that Francesco Giavazzi, Stefano Micossi and Marcus Miller have edited an interesting volume to be recommended to anyone interested in the study of the EMS." Journal of International Economics

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