CHANGES IN VOLATILITY OF THE STERLING-DEUTSCHMARK EXCHANGE-RATE - THEEFFECT OF ERM MEMBERSHIP

Authors
CHAPPELL D PADMORE J
Citation
D. Chappell et J. Padmore, CHANGES IN VOLATILITY OF THE STERLING-DEUTSCHMARK EXCHANGE-RATE - THEEFFECT OF ERM MEMBERSHIP, Applied economics letters, 2(9), 1995, pp. 291-294
Citations number
13
Categorie Soggetti
Economics
Journal title
Applied economics letters → ACNP
ISSN journal
13504851
Volume
2
Issue
9
Year of publication
1995
Pages
291 - 294
Database
ISI
SICI code
1350-4851(1995)2:9<291:CIVOTS>2.0.ZU;2-D
Abstract
The behaviour of the sterling-Deutschmark exchange rate is examined ov er a period from November 1988 to May 1994. At the beginning of this t ime period sterling did not belong to the ERM, it entered in October 1 990 and was withdrawn in September 1992. In this study the effect of o perating within the ERM on the volatility of the exchange rate is exam ined.