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

In: Issues in Contemporary Economics

Author

Listed:
  • George D. Demopoulos

    (Athens University af Economics and Business)

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.

Suggested Citation

  • George D. Demopoulos, 1992. "Financial Liberalisation, the EMS and the Consequences for Greek Macroeconomic Policy," International Economic Association Series, in: Thanos S. Skouras (ed.), Issues in Contemporary Economics, chapter 7, pages 78-93, Palgrave Macmillan.
  • Handle: RePEc:pal:intecp:978-1-349-11955-4_7
    DOI: 10.1007/978-1-349-11955-4_7
    as

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