Since 2014
Managing exchange markets in the EMS with free capital
PSL Quarterly Review
View Archive Info| Field | Value | |
| Title |
Managing exchange markets in the EMS with free capital
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| Creator |
BINI SMAGHI, L.
MICOSSI, S. |
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| Subject |
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EMS, exchange rate management, monetary policy, domestic policy F36, E52, F32 |
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| Description |
This paper discusses the EMS in a number of sections. Section 1 examines the potential effects of full capital mobility on the sovereignty of national policy making. Section 2 looks at the history of exchange rate management (ERM) within the system to date, and Section 3 considers the role of monetary policy within the ERM. Sections 4 and 5 discuss the future viability of the system in terms of recent changes. In conclusion (Section 6) it is noted that the pressures of short-term capital flows, given free capital, will entail a further loss of monetary autonomy for member countries.JEL: F36, E52, F32
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| Publisher |
Economia civile
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| Contributor |
—
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| Date |
2013-11-23
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| Type |
info:eu-repo/semantics/article
info:eu-repo/semantics/publishedVersion — |
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| Format |
application/pdf
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| Identifier |
http://annalidibotanica.uniroma1.it/index.php/PSLQuarterlyReview/article/view/11120
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| Source |
PSL Quarterly Review; Vol 42, No 171 (1989)
PSL Quarterly Review; Vol 42, No 171 (1989) 2037-3643 ISSN 2037-3635 |
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| Language |
eng
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| Relation |
http://annalidibotanica.uniroma1.it/index.php/PSLQuarterlyReview/article/view/11120/10993
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| Rights |
Copyright (c) 2016 L. BINI SMAGHI, S. MICOSSI
http://creativecommons.org/licenses/by-nc-nd/4.0 |
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