Un commento di Peter Korteweg. (The first two years of the EMS: the exchange-rate experience. A comment)
In questa breve nota, l'autore sostiene che l'accento su tassi di cambio nominali fissi all'interno dello SME crea distorsioni gravi a patto che i tassi di inflazione non sono convergenti. In this brief note, the author argues that the emphasis on fixed nominal exchange rates inside...
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| Format: | Article |
| Language: | Italian |
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Associazione Economia civile
2013-12-01
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| Series: | Moneta e Credito |
| Subjects: | |
| Online Access: | https://rosa.uniroma1.it/rosa04/moneta_e_credito/article/view/11209 |
| _version_ | 1811172820919517184 |
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| author | P. KORTEWEG |
| author_facet | P. KORTEWEG |
| author_sort | P. KORTEWEG |
| collection | DOAJ |
| description | In questa breve nota, l'autore sostiene che l'accento su tassi di cambio nominali fissi all'interno dello SME crea distorsioni gravi a patto che i tassi di inflazione non sono convergenti.
In this brief note, the author argues that the emphasis on fixed nominal exchange rates inside the EMS creates severe distortions as long as inflation rates are not converging.
JEL: E42, F36
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| first_indexed | 2024-04-10T17:37:48Z |
| format | Article |
| id | doaj.art-6cbf53ea2f8e45cabd34b23755a0ff81 |
| institution | Directory Open Access Journal |
| issn | 2037-3651 |
| language | Italian |
| last_indexed | 2024-04-10T17:37:48Z |
| publishDate | 2013-12-01 |
| publisher | Associazione Economia civile |
| record_format | Article |
| series | Moneta e Credito |
| spelling | doaj.art-6cbf53ea2f8e45cabd34b23755a0ff812023-02-03T16:34:42ZitaAssociazione Economia civileMoneta e Credito2037-36512013-12-013413510.13133/2037-3651/11209Un commento di Peter Korteweg. (The first two years of the EMS: the exchange-rate experience. A comment)P. KORTEWEGIn questa breve nota, l'autore sostiene che l'accento su tassi di cambio nominali fissi all'interno dello SME crea distorsioni gravi a patto che i tassi di inflazione non sono convergenti. In this brief note, the author argues that the emphasis on fixed nominal exchange rates inside the EMS creates severe distortions as long as inflation rates are not converging. JEL: E42, F36 https://rosa.uniroma1.it/rosa04/moneta_e_credito/article/view/11209EMSfixed nominal exchange ratesdistortions |
| spellingShingle | P. KORTEWEG Un commento di Peter Korteweg. (The first two years of the EMS: the exchange-rate experience. A comment) Moneta e Credito EMS fixed nominal exchange rates distortions |
| title | Un commento di Peter Korteweg. (The first two years of the EMS: the exchange-rate experience. A comment) |
| title_full | Un commento di Peter Korteweg. (The first two years of the EMS: the exchange-rate experience. A comment) |
| title_fullStr | Un commento di Peter Korteweg. (The first two years of the EMS: the exchange-rate experience. A comment) |
| title_full_unstemmed | Un commento di Peter Korteweg. (The first two years of the EMS: the exchange-rate experience. A comment) |
| title_short | Un commento di Peter Korteweg. (The first two years of the EMS: the exchange-rate experience. A comment) |
| title_sort | un commento di peter korteweg the first two years of the ems the exchange rate experience a comment |
| topic | EMS fixed nominal exchange rates distortions |
| url | https://rosa.uniroma1.it/rosa04/moneta_e_credito/article/view/11209 |
| work_keys_str_mv | AT pkorteweg uncommentodipeterkortewegthefirsttwoyearsoftheemstheexchangerateexperienceacomment |