The contribution of the ECU to exchange-rate stability: a further reply

Authors

  • H. JAGER
  • E. DE JONG

DOI:

https://doi.org/10.13133/2037-3643/11124

Keywords:

ECU, exchange rate stability

Abstract

The work is a response to Fornari’s contribution to the discussion of the ECU’s potential effects on exchange-rate stability. In it the authors explain some aspects of their previous study, which in their view are misunderstood by Fornari. They then defend the role of arbitrage and coverage of exchange-rate risk by banks, a point of criticism for Fornari which occupies a prominent place in their article.


JEL: F15, F36, E42

Downloads

Published

2013-11-23

How to Cite

JAGER, H., & DE JONG, E. (2013). The contribution of the ECU to exchange-rate stability: a further reply. PSL Quarterly Review, 42(171). https://doi.org/10.13133/2037-3643/11124

Issue

Vol. 42 No. 171 (1989)

Section

Editorial

License

 
 
Licenza Creative Commons
 
All material in this website and every article published by the Review are licensed under a Creative Commons Attribution - Non commercial - No derivates 4.0 International license.
The authors who publish on this journal maintain all rights on their works without any restrictions.