Revisiting the 1992-93 EMS crisis in the context of international political economy
AbstractThe paper revisits the sequence of events leading to the 1992-93 crisis of the European Monetary System’s Exchange Rate Mechanism in the context of International Political Economy. The paper reconsiders the crisis, emphasising the workings of monetary unions and contemporary financial markets. The lessons to be drawn could help in understanding the contemporary crisis of the Euro area.
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Bibliographic InfoPaper provided by School of Economics, Kingston University London in its series Economics Discussion Papers with number 2012-7.
Length: 17 pages
Date of creation: Oct 2012
Date of revision:
Contact details of provider:
Postal: Kingston University London, School of Economics, Penrhyn Road, Kingston upon Thames, Surrey, KT1 2EE, UK
Web page: http://fass.kingston.ac.uk/schools/economics/
More information through EDIRC
European Monetary System; monetary unions; currency crises;
Find related papers by JEL classification:
- F31 - International Economics - - International Finance - - - Foreign Exchange
- F36 - International Economics - - International Finance - - - Financial Aspects of Economic Integration
- F59 - International Economics - - International Relations, National Security, and International Political Economy - - - Other
- G11 - Financial Economics - - General Financial Markets - - - Portfolio Choice; Investment Decisions
This paper has been announced in the following NEP Reports:
- NEP-ALL-2012-10-27 (All new papers)
- NEP-HIS-2012-10-27 (Business, Economic & Financial History)
- NEP-MON-2012-10-27 (Monetary Economics)
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