Batten, Dallas S.; Blackwell, Michael P.; Kim, Linsu; … - Internationaler Währungsfonds - 1990
monetary policy in the five countries examined here exhibit numerous common features; the dissimilarities that exist do not …This paper discusses instruments and operating procedures of the conduct of monetary policy in the major industrial … countries. The exchange rate mechanism of the European Monetary System (EMS) provides clear evidence of the role of exchange …