Exchange Rate-Based Stabilization in Western Europe : Greece, Ireland, Italy and Portugal /

This paper compares the experience with exchange-rate-based stabilization (ERBS) of four Western European countries with that of high-inflation developing countries. In general, the behavior of key macroeconomic variables-inflation, output, demand, the real exchange rate and the current account-in t...

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Bibliographic Details
Main Author: Detragiache, Enrica
Other Authors: Hamann, A.
Format: Journal
Language:English
Published: Washington, D.C. : International Monetary Fund, 1997.
Series:IMF Working Papers; Working Paper ; No. 1997/075
Online Access:Full text available on IMF