The Determinants of Realignment Expectations Under the EMS: Some Empirical Regularities
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The stability of the EMS depends crucially on realignment expectations of the market participants. In this paper we discuss how to measure such expectations and how to relate them to economic fundamentals, central bank reputation, and institutional arrangements of the EMS. We find the following
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美国国家经济研究局创建时间：
1993-03-01
