The Making of the European Monetary System (1978)

André Szász
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André Szász: Dutch Central Bank

Chapter 7 in The Road to European Monetary Union, 1999, pp 51-65 from Palgrave Macmillan

Abstract: Abstract In the second half of the 1970s little remained of the initiative taken by Willy Brandt at the turn of the decade to repair French-German relations and to get European integration moving again: — Economic and Monetary Union, although originally intended to have been established within a decade and should by this time have been nearing its completion, was rarely mentioned again. — The European Reserve Fund, into which (part of) the participating central banks’ international reserves were to be pooled, had actually taken the form of a European Monetary Cooperation Fund that was in fact merely a book-keeping agency. — The snake, the only proposal in the Werner Report that was realised, had shrunk into a mini-snake that France had for the second time, and now definitively, felt compelled to leave in March 1976.

Keywords: Central Bank; Finance Minister; European Monetary; European Monetary System; Parity Grid (search for similar items in EconPapers)
Date: 1999
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Persistent link: https://EconPapers.repec.org/RePEc:pal:palchp:978-0-230-59947-5_7

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DOI: 10.1057/9780230599475_7

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