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The European stability pact under scrutiny

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Intereconomics

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References

  1. See, for the following, C. Köhler: Vertragliche Grundlagen der Europäischen Währungsunion. Volkwirtschaftlicher Kurzkommentar, Berlin 1999, pp. 129–190; and F. L. Sell: Zu den Wirkungen des Stabilitätspaktes in der Europäischen Währungsunion, in: IFO-Studien, Vol. 44, No. 3, 1998, pp. 233–266, in particular pp. 262–266.

  2. For an overview of the programmes see ECB: Monthly Bulletin, March 2001, p. 43.

  3. F. L. Sell, op. cit. Zu den Wirkungen des Stabilitätspaktes in der Europäischen Währungsunion, in: IFO-Studien, Vol. 44, No. 3, 1998, pp. 265–266.

  4. ECB: Monthly Bulletin, May 1999, pp. 54–59.

  5. A. Drazen, P. Masson: Credibility of Policies Versus Credibility of Policymakers, in: Quarterly Journal of Economics, Vol. 109, No. 3, 1994, pp. 735–754.

  6. Ibid. A. Drazen, P. Masson: Credibility of Policies Versus Credibility of Policymakers, in: Quarterly Journal of Economics, Vol. 109, No. 3, 1994, p. 737.

  7. Quote from H. Maass, F. L. Sell: Confident Expectations, Rational Expectations and the Optimal Conduct of Monetary Policy, in: Economic Modelling, Vol. 15, No. 4, 1998, pp. 519–541, here p. 520.

  8. For a similar view see ECB: Monthly Bulletin, March 2001, pp. 42–45.

  9. A recent study on contagious speculative attacks is provided by F. L. Sell: Contagion in Financial Markets, Cheltenham (UK) and Northhampton, Mass. (USA) 2001, Edward Elgar.

  10. See R. Peffekoven: Der Abschwung erlaubt höhere Defizite, in: Handelsblatt, No. 205, 24. 10.01, p. 10.

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  1. University of the Federal Armed Forces, Munich, Germany

    Friedrich L. Sell (Professor of Economics)

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  1. Friedrich L. Sell
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Sell, F.L. The European stability pact under scrutiny. Intereconomics 36, 286–288 (2001). https://doi.org/10.1007/BF02930145

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