Fiscal aspects of monetary integration.
DORNBUSCH, Rudi
Fiscal aspects of monetary integration. - 1997
Investigates whether all the attention to fiscal issues is relevant in a monetary union. Concludes that the concern with fiscal criteria lacks a basis once an independent central bank with a precise stability mandate and a no-bailout provision are in place.
Fiscal aspects of monetary integration. - 1997
Investigates whether all the attention to fiscal issues is relevant in a monetary union. Concludes that the concern with fiscal criteria lacks a basis once an independent central bank with a precise stability mandate and a no-bailout provision are in place.