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The European Monetary System - Francesco Giavazzi

The European Monetary System

By: Francesco Giavazzi (Editor), Stefano Micossi (Editor), Marcus Miller (Editor)

Paperback

Published: 13th November 1989
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The European Monetary System has, since its inception in 1979, provided a fascinating example of policy coordination 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 cooperation on a wider scale. This volume contains the papers and proceedings of a conference organized by the Centre for Economic Policy Research in cooperation with the Banca d'Italia and the Centro Interuniversitario di Studi Teorici per la Politica Economica. The conference brought together distinguished academics and central bankers offering a timely summary of current research on the European Monetary System, while the concluding panel discussion provides a valuable perspective on the concerns of policy-makers.

"...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

List of figures
List of tables
Preface
Introduction
The International Environment
The European Monetary System, the dollar and the
Discussion
Discussion
Disinflation, External Adjustment and Cooperation
Monetary discipline and cooperation in the European Monetary System: a synthesis
Discussion
The role of the exchange-rate regime in a disinflation: empirical evidence on the European Monetary System
Discussion
Inflation and the European Monetary System
Discussion
Economic growth and exchange rates in the European Monetary System: their trade effects in a changing external environment
Discussion
Exchange Rates, Capital Mobility and Monetary Coordination
Exchange rates, interest rates, capital controls and the European Monetary System: assessing the track record
Discussion
The stability and sustainability of the European Monetary System with perfect capital markets
Discussion
Competitiveness, realignment, and speculation: the role of financial markets
Discussion
Discussion
Interventions, sterilisation and monetary policy in European Monetary System countries, 1979-87
Discussion
Monetary policy coordination within the European Monetary System: is there a rule?
Discussion
The Future of the European Monetary System
The European Monetary System: a long-term view
A new phase in the European Monetary System - exchange-rate constraint, capital liberalisation and policy coordination
a report of the conference panel discussion
Index
Table of Contents provided by Publisher. All Rights Reserved.

ISBN: 9780521389051
ISBN-10: 0521389054
Audience: Professional
Format: Paperback
Language: English
Number Of Pages: 448
Published: 13th November 1989
Publisher: Cambridge University Press
Country of Publication: GB
Dimensions (cm): 22.8 x 15.2  x 2.5
Weight (kg): 0.65