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The Irish pound and the ERM : lessons from the September crisis and its aftermath
Author(s)
Date Issued
1993-05-19
Date Available
2009-12-10T17:15:23Z
Abstract
This paper examines the effects of the EMS crisis of September 1992 on the Irish pound. A review of the Irish experience in the exchange rate mechanism is presented, including an assessment of the extend to which the hard-currency peg pursued after the devaluation of 1986 could be said to have gained credibility for the Irish pound. The behaviour of the Irish interest rates in the aftermath of of sterling's departure form the ERM and the reasons for the protracted attempt to avert a devaluation of the Irish pound are studied. Some implications for progress towards a monetary union in Europe are drawn.
External Notes
A hard copy is available in UCD Library at GEN 330.08 IR/UNI
Type of Material
Working Paper
Publisher
University College Dublin. School of Economics
Series
UCD Centre for Economic Research Working Paper Series
WP93/14
Subject – LCSH
European Monetary System (Organization)
Ireland--Economic conditions--20th century
Money--Ireland
Language
English
Status of Item
Not peer reviewed
This item is made available under a Creative Commons License
File(s)
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Name
wp93_14.pdf
Size
933.53 KB
Format
Adobe PDF
Checksum (MD5)
48178b3e85b5858682878940dbb53e55
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