Sotiropoulos, Dimitris P. (2012) Revisiting the 1992-93 EMS crisis in the context of international political economy. (Discussion Paper) Kingston upon Thames, U.K. : Faculty of Arts and Social Sciences, Kingston University. 17 p. (Economics Discussion Paper, no. 2012/07)
Official URL: http://ideas.repec.org/p/ris/kngedp/2012_007.html
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.
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