Implementation of Monetary Policy in Ems Countries Participating in the Exchange Rate Mechanism

Implementation of Monetary Policy in Ems Countries Participating in the Exchange Rate Mechanism
This paper investigates the issue of monetary interdependence among members of the European Monetary System over the period 1979-91 and the leadership role attributed to the German central bank in the process of monetary integration, and looks for possible changes in central banks' behaviors. Econometric evidence supports somewhat the German... READ MORE...

Publication date: October 1992
ISBN 9781451850932
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