Reveals that Ireland has experienced six major changes in exchange rate regimes over the period 1797 to today. Provides a historical perspective on this experience. Indicates that Irish nominal variables have been affected by the exchange rate regime and that membership of exchange rate regimes...

This paper investigates the source of Irish real and nominal exchange rate movements during the ERM period. A restricted VAR is employed to decompose Irish pound exchange rate movements into changes due to real and nominal factors, for three bilateral exchange rates--sterling-Irish pound,...

Reveals that Ireland has experienced six major changes in exchange rate regimes over the period 1797 to today. Provides a historical perspective on this experience. Indicates that Irish nominal variables have been affected by the exchange rate regime and that membership of exchange rate regimes...