Ireland's Exposure To a Sterling Shock
This paper examines the performance of sterling on international currency exchanges and the implications for the UK economy. Section 3 summarises the results from the EMU study published in 1996. Section four outlines the implications for Ireland of sterlings strength and considers the impact of a sudden 25 per cent depreciation in sterling onboth the Irish and the UK economies. Section five presents our conclusions.
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- Duffy, David & FitzGerald, John & Kearney, Ide & Smyth, Diarmaid, 1999. "Medium-Term Review 1999-2005, No. 7," Forecasting Report, Economic and Social Research Institute (ESRI), number MTR07, April.
- Susana Garcia Cervero & J. Humberto Lopez & Enrique Alberola Ila & Angel J. Ubide, 1999. "Global Equilibrium Exchange Rates; Euro, Dollar, â€œIns,â€ â€œOuts,â€ and Other Major Currencies in a Panel Cointegration Framework," IMF Working Papers 99/175, International Monetary Fund.
- Cantillon, Sara & Curtis, John & FitzGerald, John, 1994. "Medium-Term Review 1994-2000, No. 5," Forecasting Report, Economic and Social Research Institute (ESRI), number MTR05, April.
- Baker, Terence J. & Duffy, David & Duggan, Delma & FitzGerald, John & Honohan, Patrick, 1996. "The Manufacturing Sector," Book Chapters,in: Baker, Terence J. (ed.), Economic Implications for Ireland of EMU, chapter 7, pages 174-221 Economic and Social Research Institute (ESRI).
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