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What might explain the September 1992 speculative attacks on the French franc?

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Abstract

The large but unsuccessful speculative attacks launched against the French franc during the September 1992 EMS (European Monetary System) crisis at a time when the fundamentals of the French economy were widely considered as satisfactory have often prompted the following question: were these speculative attacks the manifestation of a speculative bubble or can they be explained rationally, if not fundamentally?

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© 1994 Springer Science+Business Media Dordrecht

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Moutot, P.P. (1994). What might explain the September 1992 speculative attacks on the French franc?. In: Scobie, H.M. (eds) The European Single Market. Springer, Dordrecht. https://doi.org/10.1007/978-94-011-1304-5_3

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  • DOI: https://doi.org/10.1007/978-94-011-1304-5_3

  • Publisher Name: Springer, Dordrecht

  • Print ISBN: 978-94-010-4569-8

  • Online ISBN: 978-94-011-1304-5

  • eBook Packages: Springer Book Archive

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