Thom, Rodney(University College Dublin. Department of Economics, 1997-01)
In this lecture I will not be concerned with either the timetable or the mechanics of the transition from national currencies to full monetary union. Rather, I propose to deal with three topics - the economic rationale for ...
Walsh, Brendan M.(University College Dublin. School of Economics, 1995-03-02)
This paper examines the bahaviour of Irish exchange rates and interest rates over two periods, one immediately before, the other immediately after, the widening of the narrow band of the Exchange Rate Mechanism of the ...
Sterling's departure from the exchange rate mechanism (ERM) in September 1992 precipitated a crisis for Irish exchange rate policy that was resolved, for the time being at least, by the decision to devalue at the end of ...
In a small open economy with fixed exchange rates, tandard theory suggests that domestic inflation and interest rates should equal those abroad. In a credible target zone, the same theories suggest that inflation and ...
Walsh, Brendan M.(University College Dublin. School of Economics, 2000)
This paper studies the effect on Anglo-Irish trade of breaking the link between the Irish pound and sterling in 1979. A gravity model is used to explore this issue. No evidence is found of a structural break following the ...