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    Government finance in a common currency area

    Sibert, Anne (1992) Government finance in a common currency area. Journal of International Money and Finance 11 (6), pp. 567-578. ISSN 0261-5606.

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    European integration in 1992 may require greater exchange rate coordination thatn currently exists. The Delors report goes as far as to recommend the eventual adoption of a single currency. However, the formation of a common currency area raises fears that independent fiscal policies may produce inferior outcomes. This paper shows that lack of cooperation in fiscal policy leads to too little inflation, too high taxes, and too much government spending.


    Item Type: Article
    School: Birkbeck Faculties and Schools > Faculty of Business and Law > Birkbeck Business School
    Depositing User: Sarah Hall
    Date Deposited: 28 Jul 2020 09:28
    Last Modified: 02 Aug 2023 18:01


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