The Stabilizing Effect of the ERMon Exchange Rates and Interest Rates : An Empirical Investigation /
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...
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| Format: | Book |
| Language: | English |
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Washington, D.C. :
International Monetary Fund,
1993
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| Series: | IMF Working Papers; Working Paper ;
No. 1993/067 IMF eLibrary |
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| 100 | 1 | |a Artis, Michael | |
| 245 | 1 | 4 | |a The Stabilizing Effect of the ERMon Exchange Rates and Interest Rates : |b An Empirical Investigation / |c Michael Artis, Mark Taylor |
| 264 | 1 | |a Washington, D.C. : |b International Monetary Fund, |c 1993 | |
| 300 | |a 1 online resource (30 pages) | ||
| 336 | |a text |b txt |2 rdacontent | ||
| 336 | |a text |b txt | ||
| 337 | |a computer |b c |2 rdamedia | ||
| 337 | |a computer |b c | ||
| 338 | |a online resource |b cr |2 rdacarrier | ||
| 338 | |a online resource |b cr | ||
| 490 | 1 | |a IMF Working Papers | |
| 500 | |a Bibliographic Level Mode of Issuance: Monograph | ||
| 500 | |a Part of the IMF eLibrary collection | ||
| 506 | |a Restricted for use by site license. | ||
| 520 | 3 | |a 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 sterling's participation in the ERM is also examined | |
| 520 | 3 | |a 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 sterling’s participation in the ERM is also examined | |
| 546 | |a English | ||
| 588 | |a Description based on print version record | ||
| 650 | 7 | |a Currencies |2 imf | |
| 650 | 7 | |a Currency |2 imf | |
| 650 | 7 | |a Exchange rates |2 imf | |
| 650 | 7 | |a Foreign Exchange |2 imf | |
| 650 | 7 | |a Foreign exchange |2 imf | |
| 650 | 7 | |a Government and the Monetary System |2 imf | |
| 650 | 7 | |a International Policy Coordination and Transmission |2 imf | |
| 650 | 7 | |a Monetary Systems |2 imf | |
| 650 | 7 | |a Monetary economics |2 imf | |
| 650 | 7 | |a Money and Monetary Policy |2 imf | |
| 650 | 7 | |a Money |2 imf | |
| 650 | 7 | |a Nominal effective exchange rate |2 imf | |
| 650 | 7 | |a Payment Systems |2 imf | |
| 650 | 7 | |a Real effective exchange rates |2 imf | |
| 650 | 7 | |a Real exchange rates |2 imf | |
| 650 | 7 | |a Regimes |2 imf | |
| 650 | 7 | |a Standards |2 imf | |
| 651 | 7 | |a United Kingdom |2 imf | |
| 700 | 1 | |a Taylor, Mark | |
| 776 | |z 1-4518-4885-4 | ||
| 776 | 0 | 8 | |i Print Version: |a Artis, Michael |t The Stabilizing Effect of the ERMon Exchange Rates and Interest Rates: An Empirical Investigation |d Washington, D.C. : International Monetary Fund, 1993. |z 9781455222247 |
| 830 | 0 | |a IMF Working Papers; Working Paper ; |v No. 1993/067 | |
| 830 | 0 | |a IMF eLibrary | |
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