| 来源类型 | Discussion paper |
| 规范类型 | 论文 |
| 来源ID | DP15340 |
| DP15340 Imported or Home Grown? The 1992-3 EMS Crisis | |
| Alain Naef | |
| 发表日期 | 2020-10-05 |
| 出版年 | 2020 |
| 语种 | 英语 |
| 摘要 | Using newly assembled data on foreign exchange market intervention, we construct a daily index of exchange market pressure during the 1992-3 crisis in the European Monetary System. Using this index, we pinpoint when and where the crisis was most severe. Our analysis focuses on a neglected factor in the crisis: the role of the weak dollar in intra-EMS tensions. We provide new evidence of the contribution of a falling dollar-Deutschmark exchange rate to pressure on EMS currencies. |
| 主题 | Economic History ; International Macroeconomics and Finance |
| URL | https://cepr.org/publications/dp15340 |
| 来源智库 | Centre for Economic Policy Research (United Kingdom) |
| 资源类型 | 智库出版物 |
| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/544322 |
| 推荐引用方式 GB/T 7714 | Alain Naef. DP15340 Imported or Home Grown? The 1992-3 EMS Crisis. 2020. |
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