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Monetary Policy in the European Monetary System

A Critical Appraisal
ISBN:
978-3-642-80102-0
Auflage:
Softcover reprint of the original 1st ed. 1996
Verlag:
Springer Berlin
Land des Verlags:
Deutschland
Erscheinungsdatum:
03.12.2011
Autoren:
Reihe:
European and Transatlantic Studies
Format:
Softcover
Seitenanzahl:
147
Ladenpreis
109,99 EUR (inkl. MwSt. zzgl. Versand)
Lieferung in 5-10 Werktagen Versandkostenfrei ab 40 Euro in Österreich
Hinweis: Da dieses Werk nicht aus Österreich stammt, ist es wahrscheinlich, dass es nicht die österreichische Rechtslage enthält. Bitte berücksichtigen Sie dies bei ihrem Kauf.
Monetary Policy in the European Monetary Systems (EMS) provides the reader with a critical assessment of the EMS operation, focusing on key issues like intervention in money and foreign exchange markets and credibility of EMS exchange rate bands. The book also reopens the discussion on the "EMS discipline-credibility hypothesis" and the notion of "New EMS", testing both with an original methodology. The conflict between internal and external objectives is made clear and the empirical results show the choices made by the individual countries and the resulting implications. The book is written with an empirical orientation based on a unifying data description framework.