Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/140496
Authors: 
Vehrkamp, Robert
Year of Publication: 
1995
Citation: 
[Journal:] Intereconomics [ISSN:] 0020-5346 [Publisher:] Nomos Verlagsgesellschaft [Place:] Baden-Baden [Volume:] 30 [Year:] 1995 [Issue:] 3 [Pages:] 111-116
Abstract: 
The crises suffered in 1992/93 by the old EMS with its narrow exchange rate bands were largely due to the fact that the central banks' unlimited spot intervention obligations held little credibility for speculators. How can a credible exchange rate guarantee be achieved by improving the intervention mechanism?
Subjects: 
European Monetary System
Persistent Identifier of the first edition: 
Document Type: 
Article

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