The impact of the exchange rate regime on exports: evidence from the European Monetary System.
|dc.identifier.citation||Fountas, S., & Aristotelous, K. (1999). The impact of the exchange rate regime on exports: evidence from the European Monetary System. (Economics Working Paper no. 38): Department of Economics, National University of Ireland, Galway.||en|
|dc.description.abstract||We employ the econometric techniques of multivariate cointegration and errorcorrection models to investigate the impact of the creation of the European Monetary System (EMS) on the volume of intra-European Union (EU) exports for eight EU countries. We find that for France, Germany and Ireland, the EMS boosted the volume of intra-EU exports. In the rest of the countries, there has not been a significant effect. Another important result is that exchange rate volatility had no statistically significant long-run or short-run effect on the volume of intra-EU exports in the majority of the countries in our study.||en|
|dc.publisher||National University of Ireland, Galway||en|
|dc.subject||Exchange rate volatility||en|
|dc.subject||European Monetary System||en|
|dc.title||The impact of the exchange rate regime on exports: evidence from the European Monetary System.||en|
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