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Business, international

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Nightmare on ERM street, II

Article Abstract:

Sweden's 11% devaluation of the krona has led to competitive pressures within the exchange-rate mechanism and the devaluation of currencies in Spain, Portugal, France, Ireland and Denmark. Comparisons of exchange rates with purchasing-power parities are analyzed.

Publisher: Economist Newspaper Ltd.
Publication Name: The Economist (UK)
Subject: Business, international
ISSN: 0013-0613
Year: 1992
Europe, Currency devaluation, Devaluation (Currency)

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In search of inefficiency

Article Abstract:

Recent studies indicate that foreign exchange markets are not as efficient as they can be. Trader idiosyncracies such as avoiding rates which end in round numbers, may effect market activity. Ways to make these markets more efficient are analyzed.

Publisher: Economist Newspaper Ltd.
Publication Name: The Economist (UK)
Subject: Business, international
ISSN: 0013-0613
Year: 1992
Foreign exchange market

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Subjects list: Economic aspects, Prices and rates, Foreign exchange, Foreign exchange rates
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