Fiscal Discipline and Exchange Rate Systems

A new 'fiscal' theory of price determination has implications for exchange rate systems and common currency areas. We show that deeper monetary integration requires the discipline of a Ricardian regime; that is, the government must guarantee fiscal solvency for any sequence of prices or ex...

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Bibliographic details
Volume: 111
Main Author: Canzoneri, Matthew B
Cumby, Robert E
Diba, Behzad T
Format: Journal Article
Language: English
Zielgruppe: Trade
Place of publication: Oxford, UK and Boston, USA Blackwell Publishers Ltd 01.10.2001
Blackwell Publishers
Wiley Subscription Services, Inc
published in: The Economic journal (London) Vol. 111; no. 474; pp. 667 - 690
Data of publication: 2001-10
ISSN: 0013-0133
EISSN: 1468-0297
Discipline: Economics
Online Access: Fulltext
Database: Istex
Web of Knowledge
Social Sciences Citation Index
Web of Science
Web of Science - Social Sciences Citation Index - 2001
Academic OneFile (A&I only)
Database information Databases - DBIS