01827cas a2200265 a 4500 AALejournalIMF007910 230101c9999 xx r poo 0 0eng d 5.00 USD 9781451841817 1018-5941 BD-DhAAL BD-DhAAL Geadah, Sami. The Credibility of Nordic Exchange Rate Bands : 1987-1991 / Sami Geadah, Lars Svensson, Tapio Saavalainen. Washington, D.C. : International Monetary Fund, 1992. 1 online resource (24 pages) IMF Working Papers <strong>Off-Campus Access:</strong> No User ID or Password Required <strong>On-Campus Access:</strong> No User ID or Password Required Electronic access restricted to authorized BRAC University faculty, staff and students The credibility of the exchange rate bands in the Nordic countries during 1987-91 is examined with two tests. The results suggest that the credibility of Finland's exchange rate band within a twelve-month horizon could not be rejected except in the fall of 1991; however, the band lacked credibility within a five-year horizon throughout the period. Denmark's and Norway's bands lacked both short- and long-term credibility at the beginning of the period, but credibility could not be rejected from 1989 for Norway and as of 1990 for Denmark. The credibility of Sweden's band within a one-year horizon could not be rejected up to fall 1989, but thereafter its credibility deteriorated sharply. Mode of access: Internet Saavalainen, Tapio. Svensson, Lars. IMF Working Papers; Working Paper ; No. 1992/003 Full text available on IMF http://elibrary.imf.org/view/journals/001/1992/003/001.1992.issue-003-en.xml IMF e-Library