EMS Membership Under Real Exchange Rate Appreciation: Recent Trends in Italian Trade

  • Raul de Luzenberger
  • Cesare Imbriani
Part of the Central Issues in Contemporary Economic Theory and Policy book series (CICETP)

Abstract

1. — During the ten years of its existence the European Monetary System has survived the ups and downs of the business cycle, which, within the period, was also characterized by substantial changes in the price of oil and consistent imbalances in the system of international payments.

Keywords

Europe Income Autocorrelation Rium OECD 

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Copyright information

© SIPI Srl, Rivista di Politica Economica 1992

Authors and Affiliations

  • Raul de Luzenberger
    • 1
  • Cesare Imbriani
    • 2
  1. 1.Università di BariItaly
  2. 2.Ist. Univ. Orientale di NapoliItaly

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