Changes in volatility of the sterling-Deutschmark exchange rate: the effect of ERM membership

The behaviour of the sterling-Deutschmark exchange rate is examined over a period from November 1988 to May 1994. At the beginning of this time period sterling did not belong to the ERM, it entered in October 1990 and was withdrawn in September 1992. In this study the effect of operating within the ERM on the volatility of the exchange rate is examined.

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Year of publication:	1995
Authors:	Chappell, David ; Padmore, Joanne
Published in:	Applied Economics Letters. - Taylor & Francis Journals, ISSN 1350-4851. - Vol. 2.1995, 9, p. 291-294
Publisher:	Taylor & Francis Journals

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Extent:	text/html
Type of publication:	Article
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10009277501