The Consortium and its Interbank Office: Seigniorage

Jacques Riboud

Chapter 1 in A Stable External Currency for Europe, 1991, pp 9-32 from Palgrave Macmillan

Abstract: Abstract Europe needs a currency of its own, one that is exclusively European and is not the currency of any state, but the present trend of events is unfortunately not in that direction. As things stand at the moment, the European currency par excellence is the national currency of Germany the Deutschemark. The general public, misled by the illusions that are propagated by the news media, is unaware of this fact. It thinks that Europe’s own special currency is, or will be, the ECU. Such assumptions are sadly mistaken.

Keywords: Central Bank; Banking System; Commercial Bank; Money Market; National Currency (search for similar items in EconPapers)
Date: 1991
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Persistent link: https://EconPapers.repec.org/RePEc:pal:palchp:978-1-349-11821-2_2

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DOI: 10.1007/978-1-349-11821-2_2

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