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

01 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