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Interpreting the ERM Crisis: Country-Specific and Systemic Issues

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Listed:
  • Buiter, W.H.
  • Corsetti, G.M.
  • Pesenti, P.A.

Abstract

The crisis of the European exchange-rate system (ERM) in 1992093 was a critical event in the post- Bretton Woods history of the international monetary system. A full understanding of the causes, origins, and implications of the ERM breakdown can privide policy lessons that are particularly relevant, although by no means confined, to the current debate on the monetary future of Europe.

Suggested Citation

  • Buiter, W.H. & Corsetti, G.M. & Pesenti, P.A., 1998. "Interpreting the ERM Crisis: Country-Specific and Systemic Issues," Princeton Studies in International Economics 84, International Economics Section, Departement of Economics Princeton University,.
  • Handle: RePEc:fth:prinfi:84
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    References listed on IDEAS

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    More about this item

    Keywords

    EXCHANGE RATE ; EUROPE ; MONETARY AREAS;
    All these keywords.

    JEL classification:

    • F31 - International Economics - - International Finance - - - Foreign Exchange
    • F33 - International Economics - - International Finance - - - International Monetary Arrangements and Institutions
    • F36 - International Economics - - International Finance - - - Financial Aspects of Economic Integration

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