The EMS: Ireland's experience and prospects
Citation:
O'Connor, P. 'Symposium on the European Monetary System - The EMS: Ireland's experience and prospects '. - Dublin: Journal of the Statistical and Social Inquiry Society of Ireland,Vol. XXIV, Part III, 1980/1981, pp1-9Download Item:
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Abstract:
Economists argue about the relative merits of fixed and floating exchange rates and, in particular, about which is more conducive to efficient stabilisation policy; most would agree, however, that exchange-rate stability is desirable. Stable exchange rates provide an environment of reduced risk for traders, encourage international trade and investment and, thereby, increase growth and employment. In the 1960s, exchange-rate stability meant fixed relationships between currencies. Today, exchange-rate stability can exist in either a fixed or a floating arrangement but has a looser connotation, i.e., that adjustments in currency relationships take place smoothly and only infrequently.
Description:
Read before the Society, 13 November 1980
Author: O'Connor, Padraic
Other Titles:
Symposium on the European Monetary SystemPublisher:
Statistical and Social Inquiry Society of IrelandType of material:
Journal articleCollections:
Series/Report no:
Journal of The Statistical and Social Inquiry Society of IrelandVol. XXIV, Part III, 1980/1981
Availability:
Full text availableKeywords:
European Monetary System, Ireland in EMS, Fixed exchange rate regimes, Exchange rate stabilityISSN:
00814776Licences: