The New Palgrave Dictionary of Economics

Living Edition
| Editors: Palgrave Macmillan

Exchange Market Pressure

  • Henk Jager
  • Franc Klaassen
Living reference work entry


Currencies can be under severe pressure in the foreign exchange market, but in a fixed (or managed) exchange rate regime that is not fully visible via the change in the exchange rate. Exchange market pressure (EMP) is a concept developed to nevertheless measure the pressure in such cases. This article describes EMP and its measurement.


Central bank Currency crisis Exchange rate regime Interest rate Intervention Monetary policy 

JEL Classifications

E52 E58 F31 F33 
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Copyright information

© The Author(s) 2010

Authors and Affiliations

  • Henk Jager
    • 1
  • Franc Klaassen
    • 1
  1. 1.