, such as the ERM, this policy was not undermined by credibility problems. The episode provides an ideal testing ground for …

different methods to study the credibility of the detected fluctuation bands. The detected lack of credibility in a high … percentage of the sample is robust to the use of several credibility tests, suggesting that economic agents do not behave as if …

This paper studies the credibility of the currency peg of Cape Verde (CV) by assessing the impact of economic … either a larger risk premium or favourable exchange rate movements. We take this to be a sign of the credibility of the peg …, which apparently reflects the intertemporal credibility of CV's economic policy and so has successfully withstood …

The paper presents estimates of a model of the credibility of the U.K. commitment to its central parity against the … deutsche mark during the period of U.K. ERM membership (1990-92). The measure of credibility used is the long-term interest … differential with Germany. Credibility is decomposed into two aspects: an assessment of whether the government was truly committed …

different methods to study the credibility of the detected fluctuation bands. The detected lack of credibility in a high …

This paper provides some new evidence on the credibility of the Exchange Rate Mechanism (ERM) of the European Monetary … use of several credibility indicators, some of which have never been applied before to all of the currencies under study …

This paper studies the credibility of the Venezuela crawling-band exchange rate regime during the period July, 1996 … - February, 2002. We show that, introducing some modifications, the credibility analysis widely applied to target zone regimes … can also be used in studying the credibility of crawling-band regimes. In analyzing the credibility of the Venezuela …