European Monetary Union: Initial Situation, Alternatives, Prospects - in the Light Modern Institutional Economics

R. Richter

Working Papers from Stanford - Hoover Institution

Abstract: This paper starts with a brief description of the situation before the establishment of the European Monetary Union (EMU), i.e., the problems of the European Monetary Systems (EMS) which was established in 1979 and which was in need of repair. The paper then deals with the various possibilities of effecting such a repair.

Keywords: EXCHANGE RATE; MONETARY UNION; MONETARY POLICY (search for similar items in EconPapers)
JEL-codes: F33 E4 E5 (search for similar items in EconPapers)
Date: 1998

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Persistent link: http://EconPapers.repec.org/RePEc:fth:stanho:e-98-4

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