STERLINGS ERM CREDIBILITY - DID THE DOG BARK IN THE NIGHT

Authors
ROSE AK
Citation
Ak. Rose, STERLINGS ERM CREDIBILITY - DID THE DOG BARK IN THE NIGHT, Economics letters, 41(4), 1993, pp. 419-427
Citations number
2
Categorie Soggetti
Economics
Journal title
Economics letters → ACNP
ISSN journal
01651765
Volume
41
Issue
4
Year of publication
1993
Pages
419 - 427
Database
ISI
SICI code
0165-1765(1993)41:4<419:SEC-DT>2.0.ZU;2-9
Abstract
This paper examines the recent credibility of the currencies participa ting in the ERM since 1987, focusing on sterling in 1992. It shows tha t there is little market evidence that sterling's credibility was in s erious doubt until mid-September, 1992.