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Timing of ERM Entry, Disinflation and Debt: Greece

In: Economic Convergence in a Multispeed Europe

Author

Listed:
  • K. B. Gaynor

    (Imperial College University of London)

  • E. Karakitsos

    (Imperial College University of London)

Abstract

Chapter 4 discusses the problems a peripheral country, Greece, may expect to face in attempting to meet the Maastricht criteria and in joining the ERM. The policy choices available to avoid or minimize these problems are investigated and compared under differing assumptions about credibility. The analysis in this chapter could equally apply to a new EU member with similar problems to Greece which wishes to join the ERM.

Suggested Citation

  • K. B. Gaynor & E. Karakitsos, 1997. "Timing of ERM Entry, Disinflation and Debt: Greece," Palgrave Macmillan Books, in: Economic Convergence in a Multispeed Europe, chapter 4, pages 57-86, Palgrave Macmillan.
    • Handle: RePEc:pal:palchp:978-1-349-25266-4_5
    DOI: 10.1007/978-1-349-25266-4_5
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