The European Monetary System
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European Monetary System by Francesco Giavazzi
Book DescriptionThe 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.
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Book DetailsISBN: 9780521389051
(228mm x 152mm x 25mm)
Imprint: Cambridge University Press
Publisher: Cambridge University Press
Publish Date: 25-Aug-1989
Country of Publication: United Kingdom
Books By Author Francesco Giavazzi
NBER International Seminar on Macroeconomics, Paperback (October 2013)
Includes topics that fall into four categories: exchange rates, global business cycles, the financial crisis, and unemployment and the Great Recession. In this book, the chapters explore the impact on trade flows and the desirability and effects of official bailouts and the unemployment experience during the Great Recession.
Fiscal Policy After the Financial Crisis, Hardback (July 2013)
Focuses on the effects of fiscal stimuli and increased government spending, with contributions that consider the measurement of the multiplier effect and its size. This title also includes contributions discuss the merits of alternate means of debt reduction through decreased government spending or increased taxes.
Europe and the Euro, Hardback (April 2010)
Looks at the effects of the euro on reform of goods and labor markets; its influence on business cycles and trade among members; and, whether the single currency has induced convergence or divergence in the economic performance of member countries. This title focuses on both the first ten years of the euro and the workings of a monetary union.
Adjustment and Growth in the European Monetary Union, Paperback (January 2009)» View all books by Francesco Giavazzi
In these papers, leading international experts address the instability of the transition to EMU.
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