March 2001
Who Needs an External Anchor?
This paper discusses the relationship between the strength of the domestic framework for fiscal policy and the interest of a country to use an external anchor to achieve price stability. It shows that not only countries with strong fiscal systems but also countries with credibility problems can benefit from joining the European Monetary Union. According to the author, this implies that Central and Eastern European countries should join the Euro area.
© 2001 Daniel Gros
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Author:
Daniel Gros
ISBN/EAN:
92-9079-332-5
Series:
Issue:
161
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