DETRAGIACHE, ENRICA; HAMANN, A. JAVIER - In: Contemporary Economic Policy 17 (1999) 3, pp. 358-369
"This paper reviews the experience with exchange rate-based stabilization of four Western European countries-Italy, Ireland, Portugal, and Greece-in 1980-1996 and compares it with the experience of high-inflation developing countries. We find that inflation stabilization was contractionary, in...