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

  • George D. Demopoulos
Part of the International Economic Association Series book series (IEA)

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

Europe OECD 

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References

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Copyright information

© International Economic Association 1992

Authors and Affiliations

  • George D. Demopoulos
    • 1
  1. 1.Athens University af Economics and BusinessGreece

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