Arbeitspapier
Whether to join EMS or not: Signalling and the membership
It is argued that if in a dynamic context a central bank wants to signal its commitment to non-inflationary policies an EMS membership makes its task easier by requiring less restrictive policies than if it stays outo Despite this depending on the initial beliefs of the public the central bank may not like to be an EMS member. It is also shown that the EMS membership has partial signalling value in that the public thinks that a central bank choosing EMS is non-inflationary with a higher probability than a bank staying outside.
- ISBN
-
951-686-249-7
- Language
-
Englisch
- Bibliographic citation
-
Series: Bank of Finland Discussion Papers ; No. 9/1990
- Classification
-
Wirtschaft
- Event
-
Geistige Schöpfung
- (who)
-
Haaparanta, Pertti
- Event
-
Veröffentlichung
- (who)
-
Bank of Finland
- (where)
-
Helsinki
- (when)
-
1990
- Handle
- Last update
-
10.03.2025, 11:43 AM CET
Data provider
This object is provided by:
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. If you have any questions about the object, please contact the data provider.
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. If you have any questions about the object, please contact the data provider.
Object type
- Arbeitspapier
Associated
- Haaparanta, Pertti
- Bank of Finland
Time of origin
- 1990
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