The Credibility of the United Kingdom's Commitment to the Erm : Intentions Versus Actions /
The paper presents estimates of a model of the credibility of the U.K. commitment to its central parity against the deutsche mark during the period of U.K. ERM membership (1990-92). The measure of credibility used is the long-term interest differential with Germany. Credibility is decomposed into tw...
| Autor Principal: | |
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| Formato: | Revista |
| Idioma: | English |
| Publicado: |
Washington, D.C. :
International Monetary Fund,
1994.
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| Series: | IMF Working Papers; Working Paper ;
No. 1994/147 |
| Subjects: | |
| Acceso en liña: | Full text available on IMF |