The experiences of the Exchange Rate Mechanism of the European Community have highlighted the difficulties of exchange rate control. Exchange Rate Determination and Control investigates the determinants of exchange rates and evaluates the main options for policy makers in limiting exchange rate fluctuations, drawing on the empirical evidence of the experiences of the G7 countries over the last two decades.

About the Author

Giorgio Radaelli, who has for many years worked in the City of London as a specialist on interest and exchange rate forecasting, is currently Director and Senior Economist with Lehman Brothers.

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