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

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

Paperback

Series: Japan-Us Center Ufj Bank Monographs on International Financi

EconomicsInvesting & Finance

ISBN10: 0521794404
ISBN13: 9780521794404
Publisher: Cambridge University Press
Published: Apr 23 2001
Pages: 240
Weight: 0.73
Height: 0.55 Width: 5.72 Depth: 9.04
Language: English
Why was the European Monetary System in 1992-93 swept by waves of disruptive speculative attacks? And what lessons emerged from that episode as regards the future of the European Monetary Union? This book provides a comprehensive assessment of the causes and implications of the 1992-93 crisis of the exchange rate mechanism. Cogent factual presentation, original theoretical analysis, and an interpretation rooted in theory, make this treatment by three leading economists essential reading to understand the process toward economic and political integration in Europe.

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