Chappell, David; Padmore, Joanne - In: Applied Economics Letters 2 (1995) 9, pp. 291-294
The behaviour of the sterling-Deutschmark exchange rate is examined over a period from November 1988 to May 1994. At the beginning of this time period sterling did not belong to the ERM, it entered in October 1990 and was withdrawn in September 1992. In this study the effect of operating within...
