Attitudes toward Inflation and the Viability of Fixed Exchange Rates: Evidence from the EMS

Susan M. Collins and Francesco Giavazzi, A Retrospective on the Bretton Woods System: Lessons for International Monetary Reform (University of Chicago Press, 1993), chap. 12, https://www.nber.org/books-and-chapters/retrospective-bretton-woods-system-lessons-international-monetary-reform/attitudes-toward-inflation-and-viability-fixed-exchange-rates-evidence-ems.