Imported or home grown? The 1992–3 EMS crisis
نویسندگان
چکیده
Using newly assembled data on foreign exchange market intervention, we construct a daily index of pressure during the 1992–3 crisis in European Monetary System, allowing us to pinpoint when and where was most severe. Our analysis focuses neglected factor crisis: role weak dollar intra-EMS tensions. We provide new evidence contribution falling dollar-Deutschmark rate EMS currencies.
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ژورنال
عنوان ژورنال: Journal of International Economics
سال: 2022
ISSN: ['0022-1996', '1873-0353']
DOI: https://doi.org/10.1016/j.jinteco.2022.103654