Towards a European Clearing Agency

Philip Arestis

Chapter 7 in Money, Pricing, Distribution and Economic Integration, 1997, pp 121-134 from Palgrave Macmillan

Abstract: Abstract This chapter argues that although a European clearing agency (ECA) of the type Keynes envisaged for the international economy may not be a panacea for the economic problems of the European Union, it is nonetheless a better way forward and far superior to the IECB. It is therefore a continuation of the argument advanced in Chapter 6 on the problems the proposed IECB would be marred with.

Keywords: Exchange Rate; Central Bank; Full Employment; European Monetary Union; Capital Control (search for similar items in EconPapers)
Date: 1997
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Persistent link: https://EconPapers.repec.org/RePEc:pal:palchp:978-0-230-37448-5_8

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DOI: 10.1057/9780230374485_8

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