Managing exchange markets in the EMS with free capital

This paper discusses the EMS in a number of sections. Section 1 examines the potential effects of full capital mobility on the sovereignty of national policy making. Section 2 looks at the history of exchange rate management (ERM) within the system to date, and Section 3 considers the role of moneta...

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Bibliographic Details
Main Authors: L. BINI SMAGHI, S. MICOSSI
Format: Article
Language:English
Published: Associazione Economia civile 2013-11-01
Series:PSL Quarterly Review
Subjects:
Online Access:https://rosa.uniroma1.it/rosa04/psl_quarterly_review/article/view/11120