Karolyi, G. Andrew (contributor); … - 2003 - [Elektronische Ressource]
system. Yet, in the 1990s,
exchange rate crises followed stock market crashes which, in turn, followed economic … September 1992 and August 1993 in Europe reflected uncertainty
about the new Exchange Rate Mechanism (ERM) and the imminent … in December 1994. The fixed exchange rate regime for the peso broke
into a gradual controlled devaluation which led to …