期刊名称：Discussion Papers in Economics / Manchester Metropolitan University
出版年度：2008
卷号：2008
出版社：Manchester Metropolitan University
摘要：Identifying the impact of the 1992-93 EMS crisis on intra-EMS exchange rates is vital for assessing the nature of the transition from the EMS to EMU. In particular, the extent to which the establishment of the EMU on January 1, 1999, can be considered as a stage in an evolutionary process set in motion by the creation of the EMS in 1979 towards the complete monetary unification of the European Union. Thus, the transition can be considered as evolutionary or consisting of a series of a discrete changes.
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