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The Vulnerability of Pegged Exchange Rates: The British Pound in the ERM - Review
Between September 1992 and August 1993, the European Monetary System (EMS) endured its most serious crisis since it began in 1979. Cross-pegging their exchange rates in the framework of the Exchange Rate Mechanism (ERM), member countries were confronted with a string of speculative currency attacks.
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Mathias Zurlinden 1 items
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