Sterling movements and Irish pound interest rates
Citation:Honohan, Patrick; Conroy, Charles. 'Sterling movements and Irish pound interest rates'. - Economic & Social Review, Vol. 25, No. 3, April, 1994, pp. 201-220, Dublin: Economic & Social Research Institute
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Despite convergence of inflation to below the system's average, Ireland experienced volatile short-term interest rates in the EMS. Much of the volatility comes from periods of Sterling weakness being associated with higher Irish interest rates, presumably reflecting realignment expectations.
Publisher:Economic & Social Studies
Type of material:Journal Article
Availability:Full text available