The Effect of the ERMon 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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| Format: | Book |
| Language: | English |
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Washington, D.C. :
International Monetary Fund,
1991
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| Series: | IMF Working Papers ;
Working Paper No. 91/86 IMF eLibrary |
| Subjects: |