Chappel, David; Padmore, Joanne; Pidgeon, Julia - In: Applied Economics Letters 5 (1998) 1, pp. 19-23
The behaviour of the FTSE 30 share index is examined over a period from November 1988 to May 1994. We examine whether the index exhibits different time series behaviour during the time that Sterling belonged to the ERM to that observed in the pre- and post-ERM period. We show that the random...