Giavazzi, Francesco; Giovannini, Alberto - In: Revue Économique 39 (1988) 3, pp. 641-666
[eng] Models of the ems: is Europe a greater deutschmark area ?. . Regimes of fixed exchange rates or limited exchange-rate flexibility, like the ideal « target zone » proposai or the real European Monetary System (EMS), raise the question of symmetry. Who runs monetary policy and who sets...