Nevertheless, he is profoundly respected as one of the key individuals who transformed British monetary policy after the humiliation of the pound's ejection from the European Exchange Rate Mechanism
(ERM) in September 1992.
The last time Britain linked its currencies with Europe, in the Exchange Rate Mechanism
(1990-92), it was a disaster.
The Swedish krona is expected to enter the Exchange Rate Mechanism
at a level near the weak end of financial market forecasts, according to two separate business reports.
The poll results were released by organisers of the campaign against the euro on the 10th anniversary of Black Wednesday, when Britain crashed out of the Exchange Rate Mechanism
The Central Bank begins a new exchange rate mechanism
for the pound which will allow it to fluctuate within a narrow band set by the bank.
Sterling last week zoomed to its highest level against the franc and deutschmark since 1992 when Britain crashed out of the European Exchange Rate Mechanism
George Soros made millions on currency speculation which effectively forced Britain out of the European Exchange Rate Mechanism
i] is a slope dummy with a unitary value reflecting national membership in the Exchange Rate Mechanism
(ERM), and [N.
The breakdown of the Exchange Rate Mechanism
of the European Monetary System in 1992 was a particularly striking case of trying to lock exchange rates together when comparable economic forces were not close to being identical among the countries.
I can only imagine what kind of superficial and boring coverage Europe's currency crisis and the collapse of the Exchange Rate Mechanism
Until August 2, the participants in the Exchange Rate Mechanism
were so tied together that the variations in their currencies were limited to a maximum of 4.