THE “WALTERS CRITIQUE” OF THE EMS—A CASE OF INCONSISTENT EXPECTATIONS?

Authors

  • MARCUS MILLER,

    1. University of Warwick and CEPR
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    • This paper has been produced as part of the ESRC Research Project on “The International Monetary System: An Analysis of Alternative Regimes” and we are grateful for the resources provided under grant No. R000231417. It has developed from previous work done jointly with Luisa Lambertini and we are happy to acknowledge the benefit of this collaboration. We are grateful for comments received at the Money Study Group Conference in September 1990 and from the two referees acting for this journal.

  • ALAN SUTHERLAND

    1. University of Warwick
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