Exchange Rate Regimes and Exchange Market Pressure in the New EU Member States

@inproceedings{Poeck2007ExchangeRR,
  title={Exchange Rate Regimes and Exchange Market Pressure in the New EU Member States},
  author={Andr{\'e} Van Poeck and Jacques Vanneste and Maret Veiner},
  year={2007}
}
Economic theory has stressed the vulnerability to currency crises of intermediate exchange regimes. ERM II constitutes a fixed but adjustable pegged exchange rate arrangement and can therefore be categorized as an intermediate regime, in contrast to polar regimes such as currency boards and freely floating exchange rates. Our regression results for eight new EU Member States reveal the role of economic fundamentals in explaining exchange market pressure in these countries and confirm the… CONTINUE READING