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01 November 1989

1992 and Beyond: Market Discipline Can Work in The EC Monetary Union – November 1989


The lessons from other monetary Unions (Canada, Australia, West Germany); the New York City crisis of 1975. The market can be a more effective sanction of fiscal profligacy than binding rules.

The lessons from other monetary Unions (Canada, Australia, West Germany); the New York City crisis of 1975. The market can be a more effective sanction of fiscal profligacy than binding rules.


© Graham Bishop

Documents associated with this article

Market Discipline CAN Work.pdf


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