The birth of inflation targeting: why did the ERM crisis happen?
08/11/2022
Abstract: In September 1992, the UK was forced to withdraw from the exchange rate mechanism of the European Monetary System, as it was unable to
Welcome to our archive of working papers, articles and monographs written by CEPH members.
This collection encompasses an array of themes and represents the cutting edge of the economic history discipline.
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Abstract: In September 1992, the UK was forced to withdraw from the exchange rate mechanism of the European Monetary System, as it was unable to
Abstract: What effect does political instability in the form of a potential secession from a political union have on business formation? Using newly collected data
Abstract: Bubbles have become ubiquitous. This ubiquity has stimulated research over the past three decades into bubbles in history. In this article, we provide a
Abstract: In the late nineteenth century Britain had almost no mandatory shareholder protections, but had very developed financial markets. We argue that private contracting between
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