Financial Markets and European Monetary Cooperation : The Lessons of the 1992-93 Exchange Rate Mechanism Crisis
Willem H. Buiter, Giancarlo Corsetti, Paolo A. Pesenti

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A blend of theoretical and policy-oriented analysis, this book provides a comprehensive assessment of the causes and implications of the 1992-3 crisis of the exchange rate mechanism of the European monetary system. Cogent factual presentation - including new details on the crisis - original theoretical analysis, and an interpretation rooted in the theory, make this treatment essential reading to understand the process toward economic and political integration in Europe. The authors first sketch the history of monetary...
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