Arnold, Ivo J. M. (contributor); … - 2007
taken from the IFS cd-rom. The data are monthly
and start in January 1960. Due to the introduction of the euro in January … freely floating exchange rates are excessively
volatile when moving from fixed to floating exchange rates. We re-examine the … variables’ volatility under fixed
exchange rates. We show that IMF credit support is a crucial compensating
variable …