EMS and ECU: Proposals for Developing their Synergy

Alfred Steinherr and Jacques Melitz

Chapter 3 in The ECU and European Monetary Integration, 1989, pp 59-90 from Palgrave Macmillan

Abstract: Abstract The conference organizers very appropriately defined the following questions: (1) Can Europe integrate in the monetary field without the ECU? (2) Can the ECU be used to improve the working of the EMS? (3) Is there a chance for a parallel currency approach to European monetary integration? (4) What could be the strategies for monetary integration in Europe based on the existence of a parallel currency? And how different will the ECU be in the final phase of the integration process as compared with the transitional phase? This chapter attempts to provide some answers following the order of these questions.

Keywords: Exchange Rate; Central Bank; Foreign Currency; National Currency; Monetary Authority (search for similar items in EconPapers)
Date: 1989
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Persistent link: https://EconPapers.repec.org/RePEc:pal:palchp:978-1-349-19518-3_3

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DOI: 10.1007/978-1-349-19518-3_3

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