Financial Liberalisation, the EMS and the Consequences for Greek Macroeconomic Policy

George D. Demopoulos
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George D. Demopoulos: Athens University af Economics and Business

Chapter 7 in Issues in Contemporary Economics, 1992, pp 78-93 from Palgrave Macmillan

Abstract: Abstract This paper studies the entry of Greece into the European Monetary System (EMS) under two alternative methodologies. The first, dealing with the necessary conditions of a possible entry of a country into the EMS, provides a series of processes in obtaining estimates of economic variables that would have been consistent with exchange-rate stability as discussed by Korteweg (1980). However this approach does not differentiate the economies which participate in a monetary union according to their structural characteristics.

Keywords: Exchange Rate; Monetary Policy; Real Exchange Rate; Public Debt; Monetary Union (search for similar items in EconPapers)
Date: 1992
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Persistent link: https://EconPapers.repec.org/RePEc:pal:intecp:978-1-349-11955-4_7

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DOI: 10.1007/978-1-349-11955-4_7

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