ABSTRACT
The experiences of the Exchange Rate Mechanism of the European Community have highlighted the difficulties of exchange rate control. Exchange Rate Determination and Control investigates the determinants of exchange rates and evaluates the main options for policy makers in limiting exchange rate fluctuations, drawing on the empirical evidence of the experiences of the G7 countries over the last two decades.
TABLE OF CONTENTS
chapter |4 pages
Introduction
chapter 1|26 pages
Erm Stability, Capital Controls and Foreign Exchange Market Intervention
chapter 4|8 pages
On the Effectiveness of Foreign Exchange Market Intervention
Monetary or portfolio-balance effects?
