Implementation of Monetary Policy in Ems Countries Participating in the Exchange Rate Mechanism /
This paper investigates the issue of monetary interdependence among members of the European Monetary System over the period 1979-91 and the leadership role attributed to the German central bank in the process of monetary integration, and looks for possible changes in central banks' behaviors. E...
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| Format: | Journal |
| Language: | English |
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Washington, D.C. :
International Monetary Fund,
1992.
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| Series: | IMF Working Papers; Working Paper ;
No. 1992/087 |
| Online Access: | Full text available on IMF |
| Summary: | This paper investigates the issue of monetary interdependence among members of the European Monetary System over the period 1979-91 and the leadership role attributed to the German central bank in the process of monetary integration, and looks for possible changes in central banks' behaviors. Econometric evidence supports somewhat the German leadership role but suggests also the development of an increased interdependence between French and German monetary policies after 1981-82; meanwhile, the Italian and more recently the Spanish central banks appear to have preserved a more significant measure of monetary autonomy. |
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| Item Description: | <strong>Off-Campus Access:</strong> No User ID or Password Required <strong>On-Campus Access:</strong> No User ID or Password Required |
| Physical Description: | 1 online resource (26 pages) |
| Format: | Mode of access: Internet |
| ISSN: | 1018-5941 |
| Access: | Electronic access restricted to authorized BRAC University faculty, staff and students |