The first two years of the EMS: the exchange-rate experience

Authors

  • R.S. MASERA

DOI:

https://doi.org/10.13133/2037-3643/10733

Keywords:

EMS, exchange rate, currencies, dollar, policies

Abstract

This paper was presented at the Fourth International Seminar on European Economic and Monetary Union, held in Copenhagen in March of 1981. The work provides an overview of exchange rate developments in the EMS during its first two years. The author concentrates on the system’s evolution in the light of developments vas-à-vis third currencies, notably the US dollar. Some considerations on the question of coordination of EEM exchange rate policies with regard to the dollar are provided. The evolution of effective and real exchange rates is also dealt with.

 

JEL: E42, F36

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Published

2013-10-11

How to Cite

MASERA, R. (2013). The first two years of the EMS: the exchange-rate experience. PSL Quarterly Review, 34(138). https://doi.org/10.13133/2037-3643/10733

Issue

Vol. 34 No. 138 (1981)

Section

Editorial

License

 
 
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