Importing credibility through exchange rate pegging
Article Abstract:
An analysis of currency stabilization programs reveals that pegging the exchange rate to a low inflation currency allows for effective monitoring. The study reveals that, since inflation rate is somehow uncontrollable, currency stabilizations programs may have little effects to control monetary devaluation in an open economy. Exchange rate pegging may effectively result in the increased credibility of an exchange due to its reference to another currency.
Publication Name: Economic Journal
Subject: Economics
ISSN: 0013-0133
Year: 1997
User Contributions:
Comment about this article or add new information about this topic:
The average earnings index
Article Abstract:
An analysis is presented on earnings growth in the UK from Mar 1995 through July 1998, using data from the Average Earnings Index. Discussion includes assessments of inflationary pressure on labor supply and other sampling variances, and a revision to the current index is examined.
Publication Name: Economic Journal
Subject: Economics
ISSN: 0013-0133
Year: 2000
User Contributions:
Comment about this article or add new information about this topic:
- Abstracts: The impact of exchange rate uncertainty on the level of investment. Changing trends in international manufacturing productivity
- Abstracts: Central bank intervention and the volatility of foreign exchange rates: evidence from the options market. Measuring the degree of exchange market intervention in a small open economy
- Abstracts: The choice of exchange rate regime. Britain's fiscal problems. The Post-ERM framework for monetary policy in the United Kingdom: bounded credibility