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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Format: | Journal |
Language: | English |
Published: |
Washington, D.C. :
International Monetary Fund,
1997.
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Series: | IMF Working Papers; Working Paper ;
No. 1997/075 |
Online Access: | Full text available on IMF |