The Effect of the ERM on Participating Economies /

The effect of membership of the ERM on macroeconomic performance is analyzed using vector autoregression techniques. The results indicate that while the ERM has had little effect on the nature of the shocks hitting the economies, it has had a significant effect on the response of member countries to...

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Detalhes bibliográficos
Autor principal: Bayoumi, Tamim
Formato: Periódico
Idioma:English
Publicado em: Washington, D.C. : International Monetary Fund, 1991.
coleção:IMF Working Papers; Working Paper ; No. 1991/086
Acesso em linha:Full text available on IMF