European Economic Perspectives - Special Issue: The Ins and Outs of EMU

1 Jun 1996

In this issue:
(1) Out in the Cold?
Luigi Spaventa makes the case for a conditionality rule to reconcile the pursuit of price stability with outsiders� ability to join EMU
(2) Peaceful Coexistence
Niels Thygesen recommends a currency board arrangement to facilitate the rapid full entry of outsiders into monetary union
(3) Heir Conditioning
Charles Wyplosz applies a contractual and conditional approach to European Central Bank interventions in the cause of protecting an EMS 2
(4) Target Practice
Torsten Persson and Guido Tabellini argue for a system of mandatory inflation targets to ensure both exchange rate and price stability