The New Palgrave Dictionary of Economics

2018 Edition
| Editors: Macmillan Publishers Ltd

Exchange Market Pressure

  • Henk Jager
  • Franc Klaassen
Reference work entry
DOI: https://doi.org/10.1057/978-1-349-95189-5_2913

Abstract

Currencies can be under severe pressure in the foreign exchange market, but in a fixed (or managed) exchange rate regime that is not fully visible via the change in the exchange rate. Exchange market pressure (EMP) is a concept developed to nevertheless measure the pressure in such cases. This article describes EMP and its measurement.

Keywords

Central bank Currency crisis Exchange rate regime Interest rate Intervention Monetary policy 
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Bibliography

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Copyright information

© Macmillan Publishers Ltd. 2018

Authors and Affiliations

  • Henk Jager
    • 1
  • Franc Klaassen
    • 1
  1. 1.