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来源类型 | Working Paper |
规范类型 | 报告 |
DOI | 10.3386/w29488 |
来源ID | Working Paper 29488 |
Imported or Home Grown? The 1992-3 EMS Crisis | |
Barry Eichengreen; Alain Naef | |
发表日期 | 2021-11-22 |
出版年 | 2021 |
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, allowing us to 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 | International Economics ; International Finance |
URL | https://www.nber.org/papers/w29488 |
来源智库 | National Bureau of Economic Research (United States) |
引用统计 | |
资源类型 | 智库出版物 |
条目标识符 | http://119.78.100.153/handle/2XGU8XDN/587162 |
推荐引用方式 GB/T 7714 | Barry Eichengreen,Alain Naef. Imported or Home Grown? The 1992-3 EMS Crisis. 2021. |
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文件名称/大小 | 资源类型 | 版本类型 | 开放类型 | 使用许可 | ||
w29488.pdf(2034KB) | 智库出版物 | 限制开放 | CC BY-NC-SA | 浏览 |
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