| Titre | Théorie des zones cibles et fonctionnement du SME | |
|---|---|---|
| Auteur | Antoine Magnier | |
 |
Revue | Economie et prévision |
| Numéro | no 104, 1992/3 Politique budgetaire, taux d'intérêt, taux de change | |
| Rubrique / Thématique | Politique budgétaire, taux d'intérêt, taux de change |
|
| Page | 87-113 | |
| Résumé anglais |
A Basic Presentation of the Theory of Target Zone and how it Applies to Studies on the EMS,
by Antoine Magnier.
A basic presentation of the theory of target zones for exchange rates is developed in this paper showing to what degree it provides a theoretical framework relevant for studies on the EMS. Its empirical weaknesses are analyzed. Some of the adaptations, however, especially the removal of the perfect credibility hypothesis, help us to better understand what the EMS actually is. Over the past years, the credibility of the EMS's fluctuation margins has grown increasingly, particularly those regarding the French Franc against the Deutschemark. Source : Éditeur (via Persée) |
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| Article en ligne | http://www.persee.fr/web/revues/home/prescript/article/ecop_0249-4744_1992_num_104_3_5295 |
