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Wie wirken sich die Pfund-Abwertung und der Wachstumsrückgang im Vereinigten Königreich auf die deutsche Wirtschaft aus …
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The British pound left the ERM on 16 September 1992 after a period of turbulence. UK monetary policy soon shifted to lower short interest rates, and an inflation target was announced. This paper uses daily option prices to estimate how the market's probability distribution of the future...
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