The European Monetary System collapsed thirty years ago in August 1993. This note looks at how it worked, appeared to lower inflation at a price, features of exchange rate targets and the ERM’s end.
Share this post
The de facto end of the European Exchange…
Share this post
The European Monetary System collapsed thirty years ago in August 1993. This note looks at how it worked, appeared to lower inflation at a price, features of exchange rate targets and the ERM’s end.