Foreign exchange intervention, sterilization and credibility in the EMS: an empirical study
Gespeichert in:
| 1. Verfasser: | |
|---|---|
| Format: | Buch |
| Sprache: | English |
| Veröffentlicht: |
Göteborg
Nationalekonomiska Inst., Handelshögskolan vid Göteborgs Univ.
1992
|
| Schriftenreihe: | Ekonomiska studier
33 |
| Schlagworte: | |
| Online-Zugang: | Inhaltsverzeichnis |
| Beschreibung: | Zugl.: Göteborg, Univ., Diss., 1992 |
| Beschreibung: | VI, 196 S. graph. Darst. |
| ISBN: | 9197107220 |
Internformat
MARC
| LEADER | 00000nam a2200000 cb4500 | ||
|---|---|---|---|
| 001 | BV005924192 | ||
| 003 | DE-604 | ||
| 005 | 19940426 | ||
| 007 | t | ||
| 008 | 930114s1992 d||| m||| 00||| eng d | ||
| 020 | |a 9197107220 |9 91-971072-2-0 | ||
| 035 | |a (OCoLC)214343625 | ||
| 035 | |a (DE-599)BVBBV005924192 | ||
| 040 | |a DE-604 |b ger |e rakddb | ||
| 041 | 0 | |a eng | |
| 049 | |a DE-19 |a DE-355 |a DE-N2 |a DE-12 |a DE-11 | ||
| 084 | |a QM 420 |0 (DE-625)141792: |2 rvk | ||
| 100 | 1 | |a Loureiro, João M. |e Verfasser |4 aut | |
| 245 | 1 | 0 | |a Foreign exchange intervention, sterilization and credibility in the EMS |b an empirical study |c João M. de Matos Loureiro |
| 264 | 1 | |a Göteborg |b Nationalekonomiska Inst., Handelshögskolan vid Göteborgs Univ. |c 1992 | |
| 300 | |a VI, 196 S. |b graph. Darst. | ||
| 336 | |b txt |2 rdacontent | ||
| 337 | |b n |2 rdamedia | ||
| 338 | |b nc |2 rdacarrier | ||
| 490 | 1 | |a Ekonomiska studier |v 33 | |
| 500 | |a Zugl.: Göteborg, Univ., Diss., 1992 | ||
| 648 | 7 | |a Geschichte 1979-1988 |2 gnd |9 rswk-swf | |
| 650 | 0 | 7 | |a Wechselkurs |0 (DE-588)4064921-0 |2 gnd |9 rswk-swf |
| 650 | 0 | 7 | |a Geschichte |0 (DE-588)4020517-4 |2 gnd |9 rswk-swf |
| 650 | 0 | 7 | |a Wechselkurspolitik |0 (DE-588)4131291-0 |2 gnd |9 rswk-swf |
| 650 | 0 | 7 | |a Europäisches Währungssystem |0 (DE-588)4015756-8 |2 gnd |9 rswk-swf |
| 655 | 7 | |0 (DE-588)4113937-9 |a Hochschulschrift |2 gnd-content | |
| 689 | 0 | 0 | |a Europäisches Währungssystem |0 (DE-588)4015756-8 |D s |
| 689 | 0 | 1 | |a Geschichte |0 (DE-588)4020517-4 |D s |
| 689 | 0 | |5 DE-604 | |
| 689 | 1 | 0 | |a Wechselkurs |0 (DE-588)4064921-0 |D s |
| 689 | 1 | 1 | |a Europäisches Währungssystem |0 (DE-588)4015756-8 |D s |
| 689 | 1 | |5 DE-604 | |
| 689 | 2 | 0 | |a Europäisches Währungssystem |0 (DE-588)4015756-8 |D s |
| 689 | 2 | 1 | |a Wechselkurspolitik |0 (DE-588)4131291-0 |D s |
| 689 | 2 | |5 DE-604 | |
| 689 | 3 | 0 | |a Europäisches Währungssystem |0 (DE-588)4015756-8 |D s |
| 689 | 3 | 1 | |a Geschichte 1979-1988 |A z |
| 689 | 3 | |8 1\p |5 DE-604 | |
| 830 | 0 | |a Ekonomiska studier |v 33 |w (DE-604)BV000011510 |9 33 | |
| 856 | 4 | 2 | |m HBZ Datenaustausch |q application/pdf |u http://bvbr.bib-bvb.de:8991/F?func=service&doc_library=BVB01&local_base=BVB01&doc_number=003709816&sequence=000002&line_number=0001&func_code=DB_RECORDS&service_type=MEDIA |3 Inhaltsverzeichnis |
| 999 | |a oai:aleph.bib-bvb.de:BVB01-003709816 | ||
| 883 | 1 | |8 1\p |a cgwrk |d 20201028 |q DE-101 |u https://d-nb.info/provenance/plan#cgwrk | |
Datensatz im Suchindex
| _version_ | 1804120115143245824 |
|---|---|
| adam_text | Contents
Chapter 1
Introduction 1
Chapter 2
The Design of the European Monetary System 5
2.1. The origins of the EMS 5
2.2. The bands of exchange rate fluctuation 7
2.3. The exchange market intervention rules 7
2.4. The credit mechanisms for intervention 9
References 10
Chapter 3
Leaning Against the Wind in the EMS Does it work?
Analysis of the period 1979 1988 11
3.1. Introduction 11
3.2. Fitting the working of the EMS into an EMP model 15
3.3. Assessing exchange market intervention in the EMS
Methodology 19
3.4. The data 27
3.5. The results 30
3.6. Summary and conclusions 37
Appendices 40
References 48
Chapter 4
Leaning Against the Wind Through Interest Rate Management
The EMS in the Period 1979 1988 53
4.1. Introduction 53
4.2. Interest rate management and the effects on the exchange
market 55
4.3. Methodology and data 57
4.4. The results 58
4.5. Summary and conclusions 62
References 63
Chapter 5
Monetary Autonomy in the First Decade of the EMS 65
5.1. Introduction 65
5.2. Monetary autonomy: How informative is domestic credit? 68
5.3. Methodology and data 72
5.4. Results 76
5.5. Summary and conclusions 82
References 85
Chapter 6
The Discipline Hypothesis Is it EMS Specific? 87
6.1. Introduction 87
v
6.2. The potential disciplinary channel of the EMS 89
6.2.1. A simple model of discipline 92
6.2.2. Models and reality 94
6.2.3. Further disciplinary aspects not revealed by the models 97
6.3. The EMS discipline/credibility hypotheses: review of
empirical work 99
6.4. The record of the unemployment/inflation trade off 105
6.5. Discipline in the EMS: An empirical assessment 118
6.5.1. Real exchange rate data description 118
6.5.2. Methodology 124
6.5.3. Data 126
6.5.4. Results 128
6.6. Discipline outside the EMS: the case of the U.K. 137
6.7. Summary and conclusions 143
Appendices 147
References 152
Chapter 7
In Search of a Credible EMS 159
7.1. Introduction 159
7.2. Svensson s simplest test of target zone credibility 162
7.2.1. Data 164
7.2.2. Results 165
7.3. Improvement of the EMS target zone credibility 168
7.3.1. Forward market excess return 168
7.3.2. Methodology 175
7.3.3. Data 177
7.3.4. Results 179
7.4. Summary and conclusions 190
References 193
|
| any_adam_object | 1 |
| author | Loureiro, João M. |
| author_facet | Loureiro, João M. |
| author_role | aut |
| author_sort | Loureiro, João M. |
| author_variant | j m l jm jml |
| building | Verbundindex |
| bvnumber | BV005924192 |
| classification_rvk | QM 420 |
| ctrlnum | (OCoLC)214343625 (DE-599)BVBBV005924192 |
| discipline | Wirtschaftswissenschaften |
| era | Geschichte 1979-1988 gnd |
| era_facet | Geschichte 1979-1988 |
| format | Book |
| fullrecord | <?xml version="1.0" encoding="UTF-8"?><collection xmlns="http://www.loc.gov/MARC21/slim"><record><leader>02343nam a2200541 cb4500</leader><controlfield tag="001">BV005924192</controlfield><controlfield tag="003">DE-604</controlfield><controlfield tag="005">19940426 </controlfield><controlfield tag="007">t</controlfield><controlfield tag="008">930114s1992 d||| m||| 00||| eng d</controlfield><datafield tag="020" ind1=" " ind2=" "><subfield code="a">9197107220</subfield><subfield code="9">91-971072-2-0</subfield></datafield><datafield tag="035" ind1=" " ind2=" "><subfield code="a">(OCoLC)214343625</subfield></datafield><datafield tag="035" ind1=" " ind2=" "><subfield code="a">(DE-599)BVBBV005924192</subfield></datafield><datafield tag="040" ind1=" " ind2=" "><subfield code="a">DE-604</subfield><subfield code="b">ger</subfield><subfield code="e">rakddb</subfield></datafield><datafield tag="041" ind1="0" ind2=" "><subfield code="a">eng</subfield></datafield><datafield tag="049" ind1=" " ind2=" "><subfield code="a">DE-19</subfield><subfield code="a">DE-355</subfield><subfield code="a">DE-N2</subfield><subfield code="a">DE-12</subfield><subfield code="a">DE-11</subfield></datafield><datafield tag="084" ind1=" " ind2=" "><subfield code="a">QM 420</subfield><subfield code="0">(DE-625)141792:</subfield><subfield code="2">rvk</subfield></datafield><datafield tag="100" ind1="1" ind2=" "><subfield code="a">Loureiro, João M.</subfield><subfield code="e">Verfasser</subfield><subfield code="4">aut</subfield></datafield><datafield tag="245" ind1="1" ind2="0"><subfield code="a">Foreign exchange intervention, sterilization and credibility in the EMS</subfield><subfield code="b">an empirical study</subfield><subfield code="c">João M. de Matos Loureiro</subfield></datafield><datafield tag="264" ind1=" " ind2="1"><subfield code="a">Göteborg</subfield><subfield code="b">Nationalekonomiska Inst., Handelshögskolan vid Göteborgs Univ.</subfield><subfield code="c">1992</subfield></datafield><datafield tag="300" ind1=" " ind2=" "><subfield code="a">VI, 196 S.</subfield><subfield code="b">graph. Darst.</subfield></datafield><datafield tag="336" ind1=" " ind2=" "><subfield code="b">txt</subfield><subfield code="2">rdacontent</subfield></datafield><datafield tag="337" ind1=" " ind2=" "><subfield code="b">n</subfield><subfield code="2">rdamedia</subfield></datafield><datafield tag="338" ind1=" " ind2=" "><subfield code="b">nc</subfield><subfield code="2">rdacarrier</subfield></datafield><datafield tag="490" ind1="1" ind2=" "><subfield code="a">Ekonomiska studier</subfield><subfield code="v">33</subfield></datafield><datafield tag="500" ind1=" " ind2=" "><subfield code="a">Zugl.: Göteborg, Univ., Diss., 1992</subfield></datafield><datafield tag="648" ind1=" " ind2="7"><subfield code="a">Geschichte 1979-1988</subfield><subfield code="2">gnd</subfield><subfield code="9">rswk-swf</subfield></datafield><datafield tag="650" ind1="0" ind2="7"><subfield code="a">Wechselkurs</subfield><subfield code="0">(DE-588)4064921-0</subfield><subfield code="2">gnd</subfield><subfield code="9">rswk-swf</subfield></datafield><datafield tag="650" ind1="0" ind2="7"><subfield code="a">Geschichte</subfield><subfield code="0">(DE-588)4020517-4</subfield><subfield code="2">gnd</subfield><subfield code="9">rswk-swf</subfield></datafield><datafield tag="650" ind1="0" ind2="7"><subfield code="a">Wechselkurspolitik</subfield><subfield code="0">(DE-588)4131291-0</subfield><subfield code="2">gnd</subfield><subfield code="9">rswk-swf</subfield></datafield><datafield tag="650" ind1="0" ind2="7"><subfield code="a">Europäisches Währungssystem</subfield><subfield code="0">(DE-588)4015756-8</subfield><subfield code="2">gnd</subfield><subfield code="9">rswk-swf</subfield></datafield><datafield tag="655" ind1=" " ind2="7"><subfield code="0">(DE-588)4113937-9</subfield><subfield code="a">Hochschulschrift</subfield><subfield code="2">gnd-content</subfield></datafield><datafield tag="689" ind1="0" ind2="0"><subfield code="a">Europäisches Währungssystem</subfield><subfield code="0">(DE-588)4015756-8</subfield><subfield code="D">s</subfield></datafield><datafield tag="689" ind1="0" ind2="1"><subfield code="a">Geschichte</subfield><subfield code="0">(DE-588)4020517-4</subfield><subfield code="D">s</subfield></datafield><datafield tag="689" ind1="0" ind2=" "><subfield code="5">DE-604</subfield></datafield><datafield tag="689" ind1="1" ind2="0"><subfield code="a">Wechselkurs</subfield><subfield code="0">(DE-588)4064921-0</subfield><subfield code="D">s</subfield></datafield><datafield tag="689" ind1="1" ind2="1"><subfield code="a">Europäisches Währungssystem</subfield><subfield code="0">(DE-588)4015756-8</subfield><subfield code="D">s</subfield></datafield><datafield tag="689" ind1="1" ind2=" "><subfield code="5">DE-604</subfield></datafield><datafield tag="689" ind1="2" ind2="0"><subfield code="a">Europäisches Währungssystem</subfield><subfield code="0">(DE-588)4015756-8</subfield><subfield code="D">s</subfield></datafield><datafield tag="689" ind1="2" ind2="1"><subfield code="a">Wechselkurspolitik</subfield><subfield code="0">(DE-588)4131291-0</subfield><subfield code="D">s</subfield></datafield><datafield tag="689" ind1="2" ind2=" "><subfield code="5">DE-604</subfield></datafield><datafield tag="689" ind1="3" ind2="0"><subfield code="a">Europäisches Währungssystem</subfield><subfield code="0">(DE-588)4015756-8</subfield><subfield code="D">s</subfield></datafield><datafield tag="689" ind1="3" ind2="1"><subfield code="a">Geschichte 1979-1988</subfield><subfield code="A">z</subfield></datafield><datafield tag="689" ind1="3" ind2=" "><subfield code="8">1\p</subfield><subfield code="5">DE-604</subfield></datafield><datafield tag="830" ind1=" " ind2="0"><subfield code="a">Ekonomiska studier</subfield><subfield code="v">33</subfield><subfield code="w">(DE-604)BV000011510</subfield><subfield code="9">33</subfield></datafield><datafield tag="856" ind1="4" ind2="2"><subfield code="m">HBZ Datenaustausch</subfield><subfield code="q">application/pdf</subfield><subfield code="u">http://bvbr.bib-bvb.de:8991/F?func=service&doc_library=BVB01&local_base=BVB01&doc_number=003709816&sequence=000002&line_number=0001&func_code=DB_RECORDS&service_type=MEDIA</subfield><subfield code="3">Inhaltsverzeichnis</subfield></datafield><datafield tag="999" ind1=" " ind2=" "><subfield code="a">oai:aleph.bib-bvb.de:BVB01-003709816</subfield></datafield><datafield tag="883" ind1="1" ind2=" "><subfield code="8">1\p</subfield><subfield code="a">cgwrk</subfield><subfield code="d">20201028</subfield><subfield code="q">DE-101</subfield><subfield code="u">https://d-nb.info/provenance/plan#cgwrk</subfield></datafield></record></collection> |
| genre | (DE-588)4113937-9 Hochschulschrift gnd-content |
| genre_facet | Hochschulschrift |
| id | DE-604.BV005924192 |
| illustrated | Illustrated |
| indexdate | 2024-07-09T16:36:57Z |
| institution | BVB |
| isbn | 9197107220 |
| language | English |
| oai_aleph_id | oai:aleph.bib-bvb.de:BVB01-003709816 |
| oclc_num | 214343625 |
| open_access_boolean | |
| owner | DE-19 DE-BY-UBM DE-355 DE-BY-UBR DE-N2 DE-12 DE-11 |
| owner_facet | DE-19 DE-BY-UBM DE-355 DE-BY-UBR DE-N2 DE-12 DE-11 |
| physical | VI, 196 S. graph. Darst. |
| publishDate | 1992 |
| publishDateSearch | 1992 |
| publishDateSort | 1992 |
| publisher | Nationalekonomiska Inst., Handelshögskolan vid Göteborgs Univ. |
| record_format | marc |
| series | Ekonomiska studier |
| series2 | Ekonomiska studier |
| spelling | Loureiro, João M. Verfasser aut Foreign exchange intervention, sterilization and credibility in the EMS an empirical study João M. de Matos Loureiro Göteborg Nationalekonomiska Inst., Handelshögskolan vid Göteborgs Univ. 1992 VI, 196 S. graph. Darst. txt rdacontent n rdamedia nc rdacarrier Ekonomiska studier 33 Zugl.: Göteborg, Univ., Diss., 1992 Geschichte 1979-1988 gnd rswk-swf Wechselkurs (DE-588)4064921-0 gnd rswk-swf Geschichte (DE-588)4020517-4 gnd rswk-swf Wechselkurspolitik (DE-588)4131291-0 gnd rswk-swf Europäisches Währungssystem (DE-588)4015756-8 gnd rswk-swf (DE-588)4113937-9 Hochschulschrift gnd-content Europäisches Währungssystem (DE-588)4015756-8 s Geschichte (DE-588)4020517-4 s DE-604 Wechselkurs (DE-588)4064921-0 s Wechselkurspolitik (DE-588)4131291-0 s Geschichte 1979-1988 z 1\p DE-604 Ekonomiska studier 33 (DE-604)BV000011510 33 HBZ Datenaustausch application/pdf http://bvbr.bib-bvb.de:8991/F?func=service&doc_library=BVB01&local_base=BVB01&doc_number=003709816&sequence=000002&line_number=0001&func_code=DB_RECORDS&service_type=MEDIA Inhaltsverzeichnis 1\p cgwrk 20201028 DE-101 https://d-nb.info/provenance/plan#cgwrk |
| spellingShingle | Loureiro, João M. Foreign exchange intervention, sterilization and credibility in the EMS an empirical study Ekonomiska studier Wechselkurs (DE-588)4064921-0 gnd Geschichte (DE-588)4020517-4 gnd Wechselkurspolitik (DE-588)4131291-0 gnd Europäisches Währungssystem (DE-588)4015756-8 gnd |
| subject_GND | (DE-588)4064921-0 (DE-588)4020517-4 (DE-588)4131291-0 (DE-588)4015756-8 (DE-588)4113937-9 |
| title | Foreign exchange intervention, sterilization and credibility in the EMS an empirical study |
| title_auth | Foreign exchange intervention, sterilization and credibility in the EMS an empirical study |
| title_exact_search | Foreign exchange intervention, sterilization and credibility in the EMS an empirical study |
| title_full | Foreign exchange intervention, sterilization and credibility in the EMS an empirical study João M. de Matos Loureiro |
| title_fullStr | Foreign exchange intervention, sterilization and credibility in the EMS an empirical study João M. de Matos Loureiro |
| title_full_unstemmed | Foreign exchange intervention, sterilization and credibility in the EMS an empirical study João M. de Matos Loureiro |
| title_short | Foreign exchange intervention, sterilization and credibility in the EMS |
| title_sort | foreign exchange intervention sterilization and credibility in the ems an empirical study |
| title_sub | an empirical study |
| topic | Wechselkurs (DE-588)4064921-0 gnd Geschichte (DE-588)4020517-4 gnd Wechselkurspolitik (DE-588)4131291-0 gnd Europäisches Währungssystem (DE-588)4015756-8 gnd |
| topic_facet | Wechselkurs Geschichte Wechselkurspolitik Europäisches Währungssystem Hochschulschrift |
| url | http://bvbr.bib-bvb.de:8991/F?func=service&doc_library=BVB01&local_base=BVB01&doc_number=003709816&sequence=000002&line_number=0001&func_code=DB_RECORDS&service_type=MEDIA |
| volume_link | (DE-604)BV000011510 |
| work_keys_str_mv | AT loureirojoaom foreignexchangeinterventionsterilizationandcredibilityintheemsanempiricalstudy |