Monetary regimes, collective fiscal retrenchment and the political economy of EMU

Economic and Monetary Union in Europe: Theory, Evidence and Practice

Volumn , Issue , 2003, Pages 81-95

  McKinnon, Ronald I ^a  

^a STANFORD UNIVERSITY   (United States)

Author keywords

[No Author keywords available]

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EID: 84896239263     PISSN: None     EISSN: None     Source Type: Book    
DOI: 10.4337/9781781009697.00017     Document Type: Chapter

References (18)

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3. de Grauwe, Paul (1997), The Economics of Monetary Integration, Oxford University Press, New York, 3rd ed.
4. Eichengreen, Barry. (1993a), ‘European Monetary Integration’, Journal of Economic Literature, 31(3), September, pp. 1321-57.
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7. Financial Times (1996), ‘Italian and Spanish bonds surge on EMU Expectations’, November, 6, p.1.
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11. McKinnon, Ronald I. (1996), The Rules of the Game: International Money and Exchange Rates, Cambridge, Mass: MIT Press.
12. McKinnon, Ronald I. (1997a), ‘Market-Preserving Federalism in the American Monetary Union’, in M. Blejer and T. Ter-Minassian (eds), Macroeconomic Dimensions of Public Finance: Essays in Honour of Vito Tanzi, London: Routledge, pp. 73-93.
13. McKinnon, Ronald I. (1997b), ‘Monetary Regimes, Government Borrowing Constraints, and Market-Preserving Federalism: Implications for EMU’, in Thomas Courchene (ed.), The nation state in a global/information era: Policy challenges, Kingston, ON, Canada: Bell Canada Papers, Queens University.
14. Obstfeld, Maurice. (1994), ‘The Logic of Currency Crises’, Cahiers Economiques et Monetaires, Bank of France, 43, pp. 188-213.
15. Obstfeld, Maurice and Kenneth Rogoff. (1995), ‘The Mirage of Fixed Exchange Rates’, Journal of Economic Perspectives, 9(4), pp. 73-96.
16. Ozkan, F. Gulcin and Alan Sutherland. (1995), ‘Policy Measures to Avoid a Currency Crisis’, Economic Journal, 105, pp. 510-19.
17. Sala-i-Martin, X. and J. Sachs. (1992), ‘Fiscal Federalism and Optimum Currency Areas: Evidence for Europe from the United States’, in M. Canzoneri, V. Grilli, and P. Masson (eds), Establishing a Central Bank: Issues in Europe and Lessons from the United States, CEPR, Cambridge University Press, pp. 195-220.
18. von Hagen, Jürgen and Stefan Lutz. (1996), ‘Fiscal and Monetary Policy on the Way to EMU’, Open Economics Review, 7(4), pp. 299-326.