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The European Crisis in the Context of the History of Previous Financial Crises

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NBER2013-06-01 更新2025-01-04 收录
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https://www.nber.org/papers/w19112
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There are some striking similarities between the pre 1914 gold standard and EMU today. Both arrangements are based on fixed exchange rates, monetary and fiscal orthodoxy. Each regime gave easy access by financially underdeveloped peripheral countries to capital from the core countries. But the gold
提供机构:
美国国家经济研究局
创建时间:
2013-06-01
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