Revisiting the 1992-93 EMS crisis in the context of international political economy

Dimitris Sotiropoulos

No 2012-7, Economics Discussion Papers from School of Economics, Kingston University London

Abstract: The paper revisits the sequence of events leading to the 1992-93 crisis of the European Monetary System’s Exchange Rate Mechanism in the context of International Political Economy. The paper reconsiders the crisis, emphasising the workings of monetary unions and contemporary financial markets. The lessons to be drawn could help in understanding the contemporary crisis of the Euro area.

Keywords: European Monetary System; monetary unions; currency crises (search for similar items in EconPapers)
JEL-codes: F31 F36 F59 G11 (search for similar items in EconPapers)
Pages: 17 pages
Date: 2012-10
New Economics Papers: this item is included in nep-his and nep-mon
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Persistent link: https://EconPapers.repec.org/RePEc:ris:kngedp:2012_007

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