Browsing Department of Economics (ECO) by Author "FRATIANNI, Michele"

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Browsing Department of Economics (ECO) by Author "FRATIANNI, Michele"

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    Title: The Lira and the Pound in the 1992 Currency Crisis: Fundamentals Or Speculation?  Author(s): FRATIANNI, Michele; ARTIS, Michael J. Date: 1996 Type of Publication: Article Abstract: The prevalent explanation of the Exchange Rate Mechanism (ERM) currency crisis of September, 1992 is that myopic speculation prevailed over the ''fundamentals.'' Our paper explores the reasons why the Italian lira and the ...