Arnold, Ivo J. M. - In: Weltwirtschaftliches Archiv : Zeitschrift des Instituts … 135 (1999) 2, pp. 280-305
Concerns about fiscal and monetary stability have dominated discussions on EMU, while issues relating to financial stability have received less attention. This paper argues that monetary and fiscal stability are like two legs of a stool. A third leg, stability of the financial system, is...