Exchange Rates, Policy Convergence, and the European Monetary System
The authors analyze the degree of policy convergence of EMS member countries relative to that of some non-EMS countries. Interestingly, they find convergence for the nominal and real exchange rates and money supplies of the EMS members, but not for the non-EMS countries. The authors also provide some evidence to support the "German leadership hypothesis" in the context of intra-EMS monetary policy convergence. Copyright 1991 by MIT Press.
If you experience problems downloading a file, check if you have the proper application to view it first. In case of further problems read the IDEAS help page. Note that these files are not on the IDEAS site. Please be patient as the files may be large.
As the access to this document is restricted, you may want to look for a different version under "Related research" (further below) or search for a different version of it.
Volume (Year): 73 (1991)
Issue (Month): 3 (August)
|Contact details of provider:|| Web page: http://mitpress.mit.edu/journals/|
|Order Information:||Web: http://mitpress.mit.edu/journal-home.tcl?issn=00346535|
When requesting a correction, please mention this item's handle: RePEc:tpr:restat:v:73:y:1991:i:3:p:553-58. See general information about how to correct material in RePEc.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Kristin Waites)
If references are entirely missing, you can add them using this form.