Testing for Convergence: the Punt-Sterling Relationship in the Context of the EMS
This work seeks to analyze the stability of the exchange rate between the Irish and Sterling pounds. Towards this end, we work on a procedure, previously suggested by Haldane & Hall (1991), based on a regression with changing parameters and propose a statistical test of the null hypothesis of non-convergence versus the 'tendency towards convergence' alternative. The interest of the application rests in the fact that Ireland and the United Kingdom represent two countries that have traditionally maintained very strong commercial relationships, which forces them to maintain a very stable exchange rate in practice.
To our knowledge, this item is not available for
download. To find whether it is available, there are three
1. Check below under "Related research" whether another version of this item is available online.
2. Check on the provider's web page whether it is in fact available.
3. Perform a search for a similarly titled item that would be available.
|Date of creation:||1997|
|Date of revision:|
|Contact details of provider:|| Postal: |
Phone: + 33 - 4 91 14 07 70
Fax: + 33 - 4 91 90 02 27
Web page: http://www.vcharite.univ-mrs.fr/ASSET/
More information through EDIRC
When requesting a correction, please mention this item's handle: RePEc:fth:inecpu:164. 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: (Thomas Krichel)
If references are entirely missing, you can add them using this form.