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Monetary Policy in the European Monetary System

A Critical Appraisal

  • João Loureiro
  • Editors
  • Jürgen von Hagen

Part of the European and Transatlantic Studies book series (EUROPEANSTUDIES)

Table of contents

  1. Front Matter
    Pages i-x
  2. João Loureiro, Jürgen von Hagen
    Pages 1-3
  3. Jürgen von Hagen, João Loureiro
    Pages 5-11
  4. João Loureiro, Jürgen von Hagen
    Pages 53-65
  5. Jürgen von Hagen, João Loureiro
    Pages 67-101
  6. Jürgen von Hagen, João Loureiro
    Pages 103-126
  7. Jürgen von Hagen, João Loureiro
    Pages 127-128
  8. Back Matter
    Pages 129-147

About this book

Introduction

Monetary Policy in the European Monetary Systems (EMS) provides the reader with a critical assessment of the EMS operation, focusing on key issues like intervention in money and foreign exchange markets and credibility of EMS exchange rate bands. The book also reopens the discussion on the "EMS discipline-credibility hypothesis" and the notion of "New EMS", testing both with an original methodology. The conflict between internal and external objectives is made clear and the empirical results show the choices made by the individual countries and the resulting implications. The book is written with an empirical orientation based on a unifying data description framework.

Keywords

European Monetary System Europäische Währungsunion Europäisches Währungssystem Inflation Währung Währungsunion monetary policy monetary union

Authors and affiliations

  • João Loureiro
    • 1
  1. 1.Faculty of EconomicsUniversity of PortoPortoPortugal

Bibliographic information

  • DOI https://doi.org/10.1007/978-3-642-80100-6
  • Copyright Information Springer-Verlag Berlin Heidelberg 1996
  • Publisher Name Springer, Berlin, Heidelberg
  • eBook Packages Springer Book Archive
  • Print ISBN 978-3-642-80102-0
  • Online ISBN 978-3-642-80100-6
  • Series Print ISSN 1431-3006
  • Buy this book on publisher's site
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