On the credibility of the Irish pound in the EMS

Authors
Ledesma-Rodriguez, F Navarro-Ibanez, M Perez-Rodriguez, J Sosvilla-Rivero, S
Citation
F. Ledesma-rodriguez et al., On the credibility of the Irish pound in the EMS, ECON SOC R, 31(2), 2000, pp. 151-172
Citations number
30
Categorie Soggetti
Economics
Journal title
ECONOMIC AND SOCIAL REVIEW
ISSN journal
00129984 → ACNP
Volume
31
Issue
2
Year of publication
2000
Pages
151 - 172
Database
ISI
SICI code
0012-9984(200004)31:2<151:OTCOTI>2.0.ZU;2-6
Abstract
This paper assesses the degree of credibility of the Irish Pound in the Eur opean Monetary System between 1983 and 1997. Different credibility indicato rs proposed in the literature are used to measure agents' perceptions of th e credibility of the ERM commitment in an attempt to distinguish between ev ents stemming from problems in the ERM itself and those that appear to have been exclusive to Ireland.