Series: IMF Working Papers
Author(s): Enrica Detragiache , and A. Hamann
Publisher: INTERNATIONAL MONETARY FUND
Publication Date: 01 June 1997
Keywords: Inflation stabilization, Western Europe, exchange rate, real exchange rate, monetary policy
This paper compares the experience with exchange-rate–based stabilization (ERBS) of four Western European countries with that of high-inflation developing countries. In general, the behavior of key macroecon...