The stabilizing effect of the ERM on exchange rates and interest rates : an empirical investigation /

The stabilizing effect of the ERM on exchange rates and interest rates : an empirical investigation /

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Bibliographic Details
Author / Creator:	Artis, Michael J., author.
Imprint:	[Washington, D.C.] : International Monetary Fund, ©1993.
Description:	1 online resource (26 pages).
Language:	English
Series:	IMF working paper ; WP/93/67 IMF working paper ; WP/93/67.
Subject:	Foreign exchange rates -- Eurepean Economic Community countries. Interest rates -- European Economic Community countries. Monetary unions -- Europe. Foreign exchange rates. Interest rates. Monetary unions. Europe. European Economic Community countries.
Format:	E-Resource Book
URL for this record:	http://pi.lib.uchicago.edu/1001/cat/bib/12497563

Hidden Bibliographic Details
Other authors / contributors:	Taylor, Mark P., 1958- author. International Monetary Fund. Research Department, issuing body.
ISBN:	128160173X 9781281601735 1462375227 9781462375226 1455222240 9781455222247 9786613782427 6613782424 1455250384 9781455250387 9781451848854 1451848854
Notes:	Includes bibliographical references (pages 24-26). Restrictions unspecified Electronic reproduction. [S.l.] : HathiTrust Digital Library, 2010. Master and use copy. Digital master created according to Benchmark for Faithful Digital Reproductions of Monographs and Serials, Version 1. Digital Library Federation, December 2002. http://purl.oclc.org/DLF/benchrepro0212 English. digitized 2010 HathiTrust Digital Library committed to preserve Print version record.
Summary:	Annotation This paper applies nonparametric test procedures to test for a shift in the volatility of nominal and real exchange rates for ERM members and nonmembers. the results imply a reduction in volatility for the ERM members, especially during the second half of the period of operation of the ERM. We also demonstrate that this enhanced stability was not bought at the expense of increased interest rate volatility. the issue of interest rate volatility during sterlings participation in the ERM is also examined.
Other form:	Print version: Artis, Michael J. Stabilizing effect of the ERM on exchange rates and interest rates. [Washington, D.C.] : International Monetary Fund, ©1993

Description
Physical Description:	1 online resource (26 pages).
Format:	Master and use copy. Digital master created according to Benchmark for Faithful Digital Reproductions of Monographs and Serials, Version 1. Digital Library Federation, December 2002.
Bibliography:	Includes bibliographical references (pages 24-26).
ISBN:	128160173X 9781281601735 1462375227 9781462375226 1455222240 9781455222247 9786613782427 6613782424 1455250384 9781455250387 9781451848854 1451848854