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| Author: | Honohan, P. |
| Title: | A pitfall in computing exchange rate density in the EMS band. |
| Journal: | Journal of International Money and Finance
1998 : OCT, VOL. 17:5, p. 839-853 |
| Index terms: | Exchange rates European monetary system International monetary system European Union |
| Language: | eng |
| Abstract: | The study shows that taking account of multilateral oblications, most currencies did not spend a disproportionate amount of time near the middle of the available fluctuation band - especially before 1987. |
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