Credibility. Capital Controls, and the EMS.

A common rationale for EMS membership is that it enhances the credibility of a central bank's commitment to stable monetary growth. In this paper we consider this idea in the light of two features of the system, namely, the existence of exchange rate bands and the prevalence of capital controls...

وصف كامل

التفاصيل البيبلوغرافية
مؤلف مشترك: International Monetary Fund
التنسيق: دورية
اللغة:English
منشور في: Washington, D.C. : International Monetary Fund, 1989.
سلاسل:IMF Working Papers; Working Paper ; No. 1989/009
الوصول للمادة أونلاين:Full text available on IMF