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Monetary Policy in the European Monetary System

A Critical Appraisal

  • Book
  • © 1996

Overview

Authors:
  1. João Loureiro

    1. Faculty of Economics, University of Porto, Porto, Portugal

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    You can also search for this author in PubMed   Google Scholar

Editors:
  1. Jürgen Hagen
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Part of the book series: European and Transatlantic Studies (EUROPEANSTUDIES)

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Table of contents (8 chapters)

  1. Front Matter

    Pages i-x
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  2. Introduction

    • João Loureiro, Jürgen von Hagen
    Pages 1-3

  3. The origins, design and working of the European Monetary System

    • Jürgen von Hagen, João Loureiro
    Pages 5-11

  4. “Leaning against the wind” in the EMS: Did it work? An analysis of the period from 1979 to 1988

    • João Loureiro, Jürgen von Hagen
    Pages 13-43

  5. “Leaning against the wind” through interest rate management: The EMS in the period from 1979 to 1988

    • João Loureiro, Jürgen von Hagen
    Pages 45-51

  6. Monetary autonomy in the EMS

    • João Loureiro, Jürgen von Hagen
    Pages 53-65

  7. The discipline hypothesis: What role for the EMS?

    • Jürgen von Hagen, João Loureiro
    Pages 67-101

  8. In search of a credible EMS

    • Jürgen von Hagen, João Loureiro
    Pages 103-126

  9. Summary and conclusions

    • Jürgen von Hagen, João Loureiro
    Pages 127-128

  10. Back Matter

    Pages 129-147
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Keywords

About this book

Monetary Policy in the European Monetary Systems (EMS) provides the reader with a critical assessment of the EMS operation, focusing on key issues like intervention in money and foreign exchange markets and credibility of EMS exchange rate bands. The book also reopens the discussion on the "EMS discipline-credibility hypothesis" and the notion of "New EMS", testing both with an original methodology. The conflict between internal and external objectives is made clear and the empirical results show the choices made by the individual countries and the resulting implications. The book is written with an empirical orientation based on a unifying data description framework.

Authors and Affiliations

  • Faculty of Economics, University of Porto, Porto, Portugal

    João Loureiro

Bibliographic Information

  • Book Title: Monetary Policy in the European Monetary System

  • Book Subtitle: A Critical Appraisal

  • Authors: João Loureiro

  • Editors: Jürgen Hagen

  • Series Title: European and Transatlantic Studies

  • DOI: https://doi.org/10.1007/978-3-642-80100-6

  • Publisher: Springer Berlin, Heidelberg

  • eBook Packages: Springer Book Archive

  • Copyright Information: Springer-Verlag Berlin · Heidelberg 1996

  • Softcover ISBN: 978-3-642-80102-0Published: 03 December 2011

  • eBook ISBN: 978-3-642-80100-6Published: 06 December 2012

  • Series ISSN: 1431-3006

  • Edition Number: 1

  • Number of Pages: X, 147

  • Topics: International Economics

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