Financial Markets and European Monetary Cooperation Buiter Corsetti Pesenti

Financial Markets and European Monetary CooperationThe Lessons of the 199293 Exchange Rate Mechanism Crisis\nAuthor(s): Willem H. Buiter, Giancarlo Corsetti, Paolo A. Pesenti\nFormat: Hardback\nPublisher: Cambridge University Press, United Kingdom\nImprint: Cambridge University Press\nISBN-13: 9780521495479, 978-0521495479\nSynopsis\nA blend of theoretical and policy-oriented analysis, this book provides a comprehensive assessment of the causes and implications of the 19923 crisis of the exchange rate mechanism of the European monetary system. Cogent factual presentation - including new details on the crisis - original theoretical analysis, and an interpretation rooted in the theory, make this treatment essential reading to understand the process toward economic and political integration in Europe. The authors first sketch the history of monetary cooperation in Europe from Bretton Woods to Maastricht. A step-by-step account of the 19923 events follows, including a discussion of the e.