Exchange Market Pressure on the Croatian Kuna
Currency crises exert strong pressure on currencies often causing costly economic adjustment. A measure of exchange market pressure (EMP) gauges the severity of such tensions. Measuring EMP is important for monetary authorities that manage exchange rates. It is also relevant in academic research tha...
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| Format: | Article |
| Language: | English |
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Institute of Public Finance
2009-06-01
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| Series: | Financial Theory and Practice |
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| Online Access: | http://www.ijf.hr/eng/FTP/2009/2/tatomir.pdf |