Nancy, Gilles; Tong, Hew Wah Lai; Fuguet, Jean-Luc - In: Revue Économique 39 (1988) 5, pp. 921-950
[eng] Imperfect capital mobility and exchange rates dynamics. The EMS case. . This article amphasizes the influence of the imperfect mobility of capital on exchange rate dynamics inside the EMS.. The International Monetary System is organised into a hierarchy based on the US dollar. The costs of...