Ireland and the European Monetary System
Item Type:Journal article
Citation:Dowling Brendan R. 'Symposium on the European Monetary System - Ireland and the European Monetary System'. - Dublin: Journal of the Statistical and Social Inquiry Society of Ireland,Vol. XXIV, Part III, 1980/1981, pp10-15
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It is now 19 months since Ireland began its membership of the European Monetary System. To the man in the street the record of those months is a standing warning not to listen to the advice of economists on important matters such as the value of the domestic currency. With the Irish pound at a discount of 20 per cent to sterling at the time of writing there are considerable grounds for resentment among a public who were led to expect a premium over sterling as a bonus (or cost) of EMS membership. It would be inappropriate here to discuss the reasons why sterling has proved so strong since March 1979. It might be noted, however, that no leading currency forecasters got the direction, let alone the strength, of sterling's movement correct in early 1979.
Description:Read before the Society, 13 November 1980
Author: Dowling, Brendan R.
Other Titles:Symposium on the European Monetary System
Publisher:Statistical and Social Inquiry Society of Ireland
Type of material:Journal article
Series/Report no:Journal of The Statistical and Social Inquiry Society of Ireland
Vol. XXIV, Part III, 1980/1981
Availability:Full text available
Keywords:European Monetary System, Ireland in EMS, Fixed exchange rate regimes, Exchange rate stability