The Launching of the EMS: October 1977- April 1978

Published 01 Jan 1987
Reference 297
Region Europe
Length 20 page(s)
Summary

This case covers the period October 1977 to May 1978. It deals with the launching of the EMS. Why was it launched? Could an outside observer have predicted/gauged the way the policy would take?

Teaching objectives

The objectives are to provide a framework on forecasting exchange rate policy changes. It provides a model on how to proceed, and describes its use among the five major financial powers.

Keywords
  • Political analysis
  • European Monetary System
  • Exchange rates