Monetary Policy Interaction within the EMS.
A simple two-country stochastic model is used to analyze monetary policy interaction in a system of exchange rate bands such as the EMS, in the context of internationally-integrated financial markets. We consider the widely-acknowledged asymmetry of the system, as it pertains to member countries...
Autor Corporativo: | |
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Formato: | Revista |
Idioma: | English |
Publicado: |
Washington, D.C. :
International Monetary Fund,
1989.
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Series: | IMF Working Papers; Working Paper ;
No. 1989/008 |
Acceso en liña: | Full text available on IMF |