Ledesma-Rodríguez, Francisco; Pérez-Rodríguez, Jorge; … - Asociación Española de Economía y Finanzas … - 2004
This paper provides empirical evidence on the determinants of exchange rate credibility under the European Monetary System (EMS). To that end, we have considered both economic variables and political factors using data of eight currencies participating in the Exchange Rate Mechanism, covering...