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23-May-1993

English, , 1,045kb

Adjustment under fixed exchange rates: application to the European Monetary Union

What are the indications for countries entering into the European Monetary Union? OECD Economic Studies No. 20.

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29-May-1992

English, , 697kb

Institutional commitments and policy credibility: a critical survey and empirical evidence from the ERM

There is little evidence that so-called "credibility effects" have altered the trade-off between inflation and employment for countries that have adhered to the exchange rate mechanism of the European Monetary System. OECD Economic Studies No. 18.

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