Browsing The Economic and Social Review, Vol. 25, No. 3, April, 1994 by Subject "Exchange rates"

Now showing items 1-2 of 2

    • Quantifying the non-stationarity in Irish real exchange rates 

      Wright, Jonathan H. (Economic & Social StudiesDublin, 1993)
      Empirical work, both in Ireland and elsewhere, has found little evidence for the proposition that log-real exchange rates are stationary, implying that the purchasing power parity (PPP) relation cannot hold, not even in a ...

    • Sterling movements and Irish pound interest rates 

      Honohan, Patrick; Conroy, Charles (Economic & Social StudiesDublin, 1994)
      Despite convergence of inflation to below the system's average, Ireland experienced volatile short-term interest rates in the EMS. Much of the volatility comes from periods of Sterling weakness being associated with higher ...