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)


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.


Exchange Rate Real Exchange Rate Trade Balance Domestic Demand Error Correction Model 
These keywords were added by machine and not by the authors. This process is experimental and the keywords may be updated as the learning algorithm improves.


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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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