Reveals that Ireland has experienced six major changes in exchange rate regimes over the period 1797 to today. Provides a historical perspective on this experience. Indicates that Irish nominal variables have been affected by the exchange rate regime and that membership of exchange rate regimes...

A three-country model is used to analyze how country size affects inflation under different exchange rate regimes. Two countries, an anchor country (leader) and a pegging country (follower), are examined where the latter differs in size. We find that the leader's preference for floating over...

This paper investigates the source of Irish real and nominal exchange rate movements during the ERM period. A restricted VAR is employed to decompose Irish pound exchange rate movements into changes due to real and nominal factors, for three bilateral exchange rates--sterling-Irish pound,...