In this volume, a group of distinguished economists and political scientists analyze the political economy of European integration, evaluating recent developmen

The paper presents estimates of devaluation expectations for six EMS currencies relative to the Deutsche mark, for the period March 1979-May 1990. The estimatio

This paper studies market expectations of a devaluation of the Irish pound from 1987 to 1993 and relates them to the evolution of Ireland’s competitiveness ov

This book presents ten studies which combine historical narrative with econometrics to analyze the role of credibility in four monetary regimes.