{"id":"https://openalex.org/W2052840894","doi":"https://doi.org/10.1111/j.1468-036x.1995.tb00007.x","title":"European monetary arrangements: Implications for the dollar, exchange rate variability and credibility","display_name":"European monetary arrangements: Implications for the dollar, exchange rate variability and credibility","publication_year":1995,"publication_date":"1995-03-01","ids":{"openalex":"https://openalex.org/W2052840894","doi":"https://doi.org/10.1111/j.1468-036x.1995.tb00007.x","mag":"2052840894"},"language":"en","primary_location":{"id":"doi:10.1111/j.1468-036x.1995.tb00007.x","doi":"https://doi.org/10.1111/j.1468-036x.1995.tb00007.x","is_oa":false,"landing_page_url":"https://doi.org/10.1111/j.1468-036x.1995.tb00007.x","pdf_url":null,"source":{"id":"https://openalex.org/S131852005","display_name":"European Financial Management","issn_l":"1354-7798","issn":["1354-7798","1468-036X"],"is_oa":false,"is_in_doaj":false,"is_core":true,"listed_in":["abdc-a","anvur-class-a","anvur-scientific","cwts-core","fnege-3","jufo-2","norway-1","poland-100","russia-white-list-2","vabb-shw"],"host_organization":"https://openalex.org/P4310320595","host_organization_name":"Wiley","host_organization_lineage":["https://openalex.org/P4310320595"],"host_organization_lineage_names":["Wiley"],"type":"journal"},"license":null,"license_id":null,"version":"publishedVersion","is_accepted":true,"is_published":true,"raw_source_name":"European Financial Management","raw_type":"journal-article"},"volume":null,"type":"article","indexed_in":["crossref"],"open_access":{"is_oa":false,"oa_status":"closed","oa_url":null,"any_repository_has_fulltext":false},"authorships":[{"author_position":"first","author":{"id":"https://openalex.org/A5061369940","display_name":"Mali J. Edison","orcid":null,"observed_orcids":[]},"institutions":[{"id":"https://openalex.org/I2802905149","display_name":"Federal Reserve Board of Governors","ror":"https://ror.org/00v448643","country_code":"US","type":"government","lineage":["https://openalex.org/I1317239608","https://openalex.org/I2802905149"]}],"countries":["US"],"is_corresponding":false,"raw_author_name":"Mali J. Edison","raw_affiliation_strings":["Division of International Finance, Board of Governors of the Federal Reserve System, Washington, DC 20551, USA"],"raw_orcid":null,"affiliations":[{"raw_affiliation_string":"Division of International Finance, Board of Governors of the Federal Reserve System, Washington, DC 20551, USA","institution_ids":["https://openalex.org/I2802905149"]}]},{"author_position":"last","author":{"id":"https://openalex.org/A5062124999","display_name":"Linda Sue Kole","orcid":null,"observed_orcids":[]},"institutions":[{"id":"https://openalex.org/I2802905149","display_name":"Federal Reserve Board of Governors","ror":"https://ror.org/00v448643","country_code":"US","type":"government","lineage":["https://openalex.org/I1317239608","https://openalex.org/I2802905149"]}],"countries":["US"],"is_corresponding":false,"raw_author_name":"Linda S. Kole","raw_affiliation_strings":["Division of International Finance, Board of Governors of the Federal Reserve System, Washington, DC 20551, USA","We would like to thank Matthew Canzoneri, Frank Diebold, Neil Ericsson, Karen Johnson, William Helkie, Michael Klein, Andrew Levin, Lisa Lynch, Doug McManus, William Melick, Lars Svensson, Ken West, the participants of the Division of International Finance Workshop, and an anonymous referee. We would also like to acknowledge Amy McCarthy for her work on building the cross-country database and Alex Zarechnak for his research assistance. the views expressed in this paper are solely the responsibility of the authors and should not be interpreted as reflecting those of the Board of Governors of the Federal Reserve System or other members of its staff"],"raw_orcid":null,"affiliations":[{"raw_affiliation_string":"Division of International Finance, Board of Governors of the Federal Reserve System, Washington, DC 20551, USA","institution_ids":["https://openalex.org/I2802905149"]},{"raw_affiliation_string":"We would like to thank Matthew Canzoneri, Frank Diebold, Neil Ericsson, Karen Johnson, William Helkie, Michael Klein, Andrew Levin, Lisa Lynch, Doug McManus, William Melick, Lars Svensson, Ken West, the participants of the Division of International Finance Workshop, and an anonymous referee. We would also like to acknowledge Amy McCarthy for her work on building the cross-country database and Alex Zarechnak for his research assistance. the views expressed in this paper are solely the responsibility of the authors and should not be interpreted as reflecting those of the Board of Governors of the Federal Reserve System or other members of its staff","institution_ids":[]}]}],"institutions":[],"countries_distinct_count":1,"institutions_distinct_count":1,"corresponding_author_ids":[],"corresponding_institution_ids":["https://openalex.org/I2802905149"],"apc_list":{"value":3350,"currency":"USD","value_usd":3350},"apc_paid":null,"fwci":2.4724,"has_fulltext":false,"cited_by_count":20,"citation_normalized_percentile":{"value":0.90491845,"is_in_top_1_percent":false,"is_in_top_10_percent":true},"cited_by_percentile_year":{"min":88,"max":96},"biblio":{"volume":"1","issue":"1","first_page":"61","last_page":"86"},"is_retracted":false,"is_paratext":false,"is_xpac":false,"primary_topic":{"id":"https://openalex.org/T10503","display_name":"Global Financial Crisis and Policies","score":0.9345999956130981,"subfield":{"id":"https://openalex.org/subfields/2003","display_name":"Finance"},"field":{"id":"https://openalex.org/fields/20","display_name":"Economics, Econometrics and Finance"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},"topics":[{"id":"https://openalex.org/T10503","display_name":"Global Financial Crisis and Policies","score":0.9345999956130981,"subfield":{"id":"https://openalex.org/subfields/2003","display_name":"Finance"},"field":{"id":"https://openalex.org/fields/20","display_name":"Economics, Econometrics and Finance"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},{"id":"https://openalex.org/T14166","display_name":"European Monetary and Fiscal Policies","score":0.043699998408555984,"subfield":{"id":"https://openalex.org/subfields/2003","display_name":"Finance"},"field":{"id":"https://openalex.org/fields/20","display_name":"Economics, Econometrics and Finance"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},{"id":"https://openalex.org/T10007","display_name":"Monetary Policy and Economic Impact","score":0.019300000742077827,"subfield":{"id":"https://openalex.org/subfields/2000","display_name":"General Economics, Econometrics and Finance"},"field":{"id":"https://openalex.org/fields/20","display_name":"Economics, Econometrics and Finance"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}}],"keywords":[{"id":"https://openalex.org/keywords/european-monetary-system","display_name":"European Monetary System","score":0.8009999990463257},{"id":"https://openalex.org/keywords/economic-and-monetary-union","display_name":"European Monetary Union","score":0.7200000286102295},{"id":"https://openalex.org/keywords/exchange-rate-variability","display_name":"exchange rate variability","score":0.8759999871253967},{"id":"https://openalex.org/keywords/exchange-rate-transmission","display_name":"exchange rate transmission","score":0.5979999899864197},{"id":"https://openalex.org/keywords/us-dollar","display_name":"US dollar","score":0.7120000123977661},{"id":"https://openalex.org/keywords/exchange-rate-credibility","display_name":"exchange rate credibility","score":0.6190000176429749},{"id":"https://openalex.org/keywords/german-interest-rates","display_name":"German interest rates","score":0.906000018119812},{"id":"https://openalex.org/keywords/monetary-policy-transmission","display_name":"monetary policy transmission","score":0.7699999809265137},{"id":"https://openalex.org/keywords/currency-crises","display_name":"currency crises","score":0.47600001096725464}],"concepts":[{"id":"https://openalex.org/C2780224610","wikidata":"https://www.wikidata.org/wiki/Q1530061","display_name":"Credibility","level":2,"score":0.7587841749191284},{"id":"https://openalex.org/C109168655","wikidata":"https://www.wikidata.org/wiki/Q242988","display_name":"Liberian dollar","level":2,"score":0.727098822593689},{"id":"https://openalex.org/C556758197","wikidata":"https://www.wikidata.org/wiki/Q580018","display_name":"Monetary economics","level":1,"score":0.6484754681587219},{"id":"https://openalex.org/C162324750","wikidata":"https://www.wikidata.org/wiki/Q8134","display_name":"Economics","level":0,"score":0.6336699724197388},{"id":"https://openalex.org/C3019931467","wikidata":"https://www.wikidata.org/wiki/Q4917","display_name":"Us dollar","level":3,"score":0.6167609095573425},{"id":"https://openalex.org/C154775046","wikidata":"https://www.wikidata.org/wiki/Q188","display_name":"German","level":2,"score":0.6092236042022705},{"id":"https://openalex.org/C2776988154","wikidata":"https://www.wikidata.org/wiki/Q66100","display_name":"Exchange rate","level":2,"score":0.6082146167755127},{"id":"https://openalex.org/C175025494","wikidata":"https://www.wikidata.org/wiki/Q179179","display_name":"Interest rate","level":2,"score":0.562602698802948},{"id":"https://openalex.org/C126285488","wikidata":"https://www.wikidata.org/wiki/Q178476","display_name":"Monetary policy","level":2,"score":0.5292757749557495},{"id":"https://openalex.org/C82843974","wikidata":"https://www.wikidata.org/wiki/Q205231","display_name":"Interest rate parity","level":3,"score":0.4988276958465576},{"id":"https://openalex.org/C18547055","wikidata":"https://www.wikidata.org/wiki/Q47417","display_name":"International economics","level":1,"score":0.38462433218955994},{"id":"https://openalex.org/C17744445","wikidata":"https://www.wikidata.org/wiki/Q36442","display_name":"Political science","level":0,"score":0.09150618314743042},{"id":"https://openalex.org/C10138342","wikidata":"https://www.wikidata.org/wiki/Q43015","display_name":"Finance","level":1,"score":0.07637184858322144},{"id":"https://openalex.org/C205649164","wikidata":"https://www.wikidata.org/wiki/Q1071","display_name":"Geography","level":0,"score":0.07342997193336487},{"id":"https://openalex.org/C199539241","wikidata":"https://www.wikidata.org/wiki/Q7748","display_name":"Law","level":1,"score":0.0},{"id":"https://openalex.org/C166957645","wikidata":"https://www.wikidata.org/wiki/Q23498","display_name":"Archaeology","level":1,"score":0.0}],"mesh":[],"locations_count":1,"locations":[{"id":"doi:10.1111/j.1468-036x.1995.tb00007.x","doi":"https://doi.org/10.1111/j.1468-036x.1995.tb00007.x","is_oa":false,"landing_page_url":"https://doi.org/10.1111/j.1468-036x.1995.tb00007.x","pdf_url":null,"source":{"id":"https://openalex.org/S131852005","display_name":"European Financial Management","issn_l":"1354-7798","issn":["1354-7798","1468-036X"],"is_oa":false,"is_in_doaj":false,"is_core":true,"listed_in":["abdc-a","anvur-class-a","anvur-scientific","cwts-core","fnege-3","jufo-2","norway-1","poland-100","russia-white-list-2","vabb-shw"],"host_organization":"https://openalex.org/P4310320595","host_organization_name":"Wiley","host_organization_lineage":["https://openalex.org/P4310320595"],"host_organization_lineage_names":["Wiley"],"type":"journal"},"license":null,"license_id":null,"version":"publishedVersion","is_accepted":true,"is_published":true,"raw_source_name":"European Financial Management","raw_type":"journal-article"}],"best_oa_location":null,"sustainable_development_goals":[],"study_designs":[],"awards":[],"funders":[],"has_content":{"pdf":false,"grobid_xml":false},"content_urls":null,"referenced_works_count":25,"referenced_works":["https://openalex.org/W172815786","https://openalex.org/W299339914","https://openalex.org/W407301482","https://openalex.org/W1483096058","https://openalex.org/W1489763677","https://openalex.org/W1505355930","https://openalex.org/W1516132957","https://openalex.org/W1550448761","https://openalex.org/W1555410641","https://openalex.org/W1875125882","https://openalex.org/W1969312346","https://openalex.org/W1973498843","https://openalex.org/W2059233266","https://openalex.org/W2062984609","https://openalex.org/W2073963560","https://openalex.org/W2126322608","https://openalex.org/W2162751202","https://openalex.org/W2312444977","https://openalex.org/W2890306523","https://openalex.org/W2990683245","https://openalex.org/W3021531228","https://openalex.org/W3121672697","https://openalex.org/W3123805044","https://openalex.org/W3125425480","https://openalex.org/W4302556340"],"related_works":["https://openalex.org/W1555410641","https://openalex.org/W1965033594","https://openalex.org/W395870604","https://openalex.org/W2056561468","https://openalex.org/W2902153038","https://openalex.org/W2298710814","https://openalex.org/W605135270","https://openalex.org/W1484996213","https://openalex.org/W29908669","https://openalex.org/W2119311189"],"abstract_inverted_index":{"Abstract":[0],"This":[1],"paper":[2,29],"uses":[3],"the":[4,8,21,28,31,36,43,46,60,65,78,89],"recent":[5],"history":[6],"of":[7,33,38,45,88,96],"ERM":[9,49,54,106,125],"to":[10,17,23,25,64,77],"gain":[11],"insights":[12],"into":[13],"what":[14],"might":[15,74],"happen":[16],"exchange":[18,34,50,97],"rates":[19,85,98,119,122],"on":[20],"road":[22],"EMU.":[24],"do":[26],"this,":[27],"examines":[30],"variability":[32],"rates,":[35],"transmission":[37],"monetary":[39],"policy":[40],"between":[41,105],"countries,":[42],"role":[44],"dollar":[47],"in":[48,115,123],"rate":[51],"crises,":[52],"and":[53,86,103,107,127],"members'":[55],"credibility":[56],"as":[57],"measured":[58],"by":[59],"realignment":[61],"probabilities":[62],"prior":[63],"September":[66,79],"1992":[67,80],"crisis.":[68],"We":[69,92,110],"identify":[70],"two":[71],"factors":[72],"that":[73,94,113],"have":[75],"contributed":[76],"crisis:":[81],"high":[82],"German":[83,116],"interest":[84,118,121],"weakness":[87],"US":[90],"dollar.":[91],"find":[93],"behaviour":[95],"has":[99],"changed":[100],"over":[101],"time":[102],"differs":[104],"non\u2010ERM":[108],"currencies.":[109],"also":[111],"demonstrate":[112],"changes":[114],"short\u2010term":[117],"influence":[120],"other":[124],"countries":[126],"vice":[128],"versa.":[129]},"counts_by_year":[{"year":2022,"cited_by_count":2},{"year":2021,"cited_by_count":2},{"year":2020,"cited_by_count":1},{"year":2014,"cited_by_count":2}],"updated_date":"2026-11-03T10:50:19.383937","created_date":"2016-06-24T00:00:00"}