Real Wage Rigidities, Fiscal Policy, and the Stability of EMU in the Transition Phase /

EMU started with eleven member countries as scheduled on January 1, 1999. The paper shows that the primacy of politics over economics in this decision could have serious consequences concerning the stability of EMU in the transition phase. Speculative attacks against currencies which are in economic...

Mô tả đầy đủ

Chi tiết về thư mục
Tác giả chính: Thode, Eric
Tác giả khác: Berthold, Norbert, Fehn, Rainer
Định dạng: Tạp chí
Ngôn ngữ:English
Được phát hành: Washington, D.C. : International Monetary Fund, 1999.
Loạt:IMF Working Papers; Working Paper ; No. 1999/083
Truy cập trực tuyến:Full text available on IMF