In this paper we examine the stability of the real exchange rate and the macroeconomic effects of alternative exchange rate regimes, including currency union, on real exchange rate behaviour. We focus on the Irish punt in order to exploit its diversity of experience over different nominal...

In this paper we study the behavior of the real exchange rate of three American currencies relative to the U.S. dollar: the Canadian dollar, the Mexican peso and the Panamanian balboa. Our principal objective in doing so is to investigate the effects of alternative exchange-rate regimes,...

In this paper we examine the stability of the real exchange rate and the macroeconomic effects of alternative exchange-rate regimes, including currency union, on real exchange-rate behaviour. We focus on the Irish punt in order to exploit its diversity of experience over different nominal...