Abstract
Chapter 4 discusses the problems a peripheral country, Greece, may expect to face in attempting to meet the Maastricht criteria and in joining the ERM. The policy choices available to avoid or minimize these problems are investigated and compared under differing assumptions about credibility. The analysis in this chapter could equally apply to a new EU member with similar problems to Greece which wishes to join the ERM.
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© 1997 K. B. Gaynor and E. Karakitsos
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Gaynor, K.B., Karakitsos, E. (1997). Timing of ERM Entry, Disinflation and Debt: Greece. In: Economic Convergence in a Multispeed Europe. Palgrave Macmillan, London. https://doi.org/10.1007/978-1-349-25266-4_5
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DOI: https://doi.org/10.1007/978-1-349-25266-4_5
Publisher Name: Palgrave Macmillan, London
Print ISBN: 978-1-349-25268-8
Online ISBN: 978-1-349-25266-4
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