The Effects of the European Economic and Monetary Union (EMU)on National Fiscal Sustainability

The Effects of the European Economic and Monetary Union (EMU)on National Fiscal Sustainability
This paper presents a methodology to analyze the responsiveness of fiscal sustainability to the "endogenous fiscal discipline" that will be strengthened by the EMU. This discipline arises in response to the harmonization of tax systems, the loss of control of current and prospective money financing, and the deepening of financial market-based... READ MORE...

Publication date: July 1996
ISBN 9781451849295
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