Research Catalog

Exchange rate policies in the Nordic countries

Title
Exchange rate policies in the Nordic countries / edited by Johnny Åkerholm and Alberto Giovannini.
Publication
London : Center for Economic Policy Research, 1994.

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Additional Authors
  • Åkerholm, Johnny.
  • Giovannini, Alberto.
Description
xvii, 286 pages : illustrations; 24 cm
Summary
  • The crisis in the Exchange Rate Mechanism of the EMS in 1992 and subsequent developments threw the progress of monetary integration in Europe into confusion. Prior to the crisis there had been substantial convergence of exchange rate regimes and policy stances across Europe. Central banks from Finland to Portugal adopted in essence the same policy: pegging their exchange rate to the ERM group of countries or, more specifically, the Deutschmark.
  • The papers in this volume were originally presented at a conference in Helsinki as the initial turmoil broke out. Now revised in many cases to reflect the events of 1992 and 1993, they contribute to our understanding of the motivations behind the drive to peg currencies in the Nordic countries to the Deutschmark, and of the problems these countries encountered in that process.
  • An improved understanding of these motivations and problems is vital in assessing the prospects for monetary policy and exchange rate regimes for the remainder of the decade.
Subject
  • Foreign exchange rates > Scandinavia
  • Scandinavia > Economic conditions
Bibliography (note)
  • Includes bibliographical references and index.
Contents
1. Introduction / Johnny Akerholm and Alberto Giovannini -- 2. Equilibrium Real Exchange Rates / Alberto Giovannini -- 3. Country Characteristics and the Choice of the Exchange Rate Regime: Are Mini-skirts Followed by Maxis? / Seppo Honkapohja and Pentti Pikkarainen -- 4. Monetary Policy in Denmark in the Last 10 Years / Peter Erling Nielsen -- 5. Disinflationary Stabilization Policy - Denmark in the 1980s / Torben M. Andersen -- 6. The Struggle to Turn the Swedish Krona into a Hard Currency / Lars Horngren and Hans Lindberg -- 7. Disinflation Experience in Finland Compared with Other OECD Countries / Palle S. Andersen -- 8. The Currency Band and Credibility: The Finnish Experience / Olli-Pekka Lehmussaari, Antti Suvanto and Laura Vajanne.
ISBN
1898128111
OCLC
  • 31816193
  • ocm31816193
Owning Institutions
Columbia University Libraries