Timing of ERM Entry, Disinflation and Debt: Greece

K. B. Gaynor and E. Karakitsos
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K. B. Gaynor: Imperial College University of London
E. Karakitsos: Imperial College University of London

Chapter 4 in Economic Convergence in a Multispeed Europe, 1997, pp 57-86 from Palgrave Macmillan

Abstract: Abstract Chapter 4 discusses the problems a peripheral country, Greece, may expect to face in attempting to meet the Maastricht criteria and in joining the ERM. The policy choices available to avoid or minimize these problems are investigated and compared under differing assumptions about credibility. The analysis in this chapter could equally apply to a new EU member with similar problems to Greece which wishes to join the ERM.

Keywords: Exchange Rate; Interest Rate; Fiscal Policy; Inflation Rate; Real Exchange Rate (search for similar items in EconPapers)
Date: 1997
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Persistent link: https://EconPapers.repec.org/RePEc:pal:palchp:978-1-349-25266-4_5

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DOI: 10.1007/978-1-349-25266-4_5

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